The local stock market fell again as investors worry about the possibility of a new surge in Covid cases as higher interest rates due to rising inflation. The main index plunged 117.19 points or 1.87 percent to close at 6,168.00 with the Property sector suffering the biggest drop. Volume increased...
AllHome, the Philippines’ pioneering full-line home center, has expanded its venture into the pet care industry with specialty brand PetBuddy adding four more new stores. In a disclosure to the Philippine Stock Exchange, AllHome said it has so far added new stores in Sta. Rosa, NOMO in Bacoor,...
The local stock market declined following a new round of pump price hikes and a weaker peso. The main index dropped 48.75 points or 0.78 percent to close at 6,285.19 as losses were led by the Services sector while the Industrial and Mining and Oil counters managed to advance. Volume remained anemic...
Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation (SMC), has been assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the...
The local stock market closed flat as investors wait for cues from US bourses and market-moving news. The PSEi eked out a gain of 2.38 points or 0.04 percent to close at 6,333.94 although only the Industrial and Holding Firms sectors advanced while the Property counter led decliners. Volume was...
Robinsons Land Corporation (RLC) strengthens its commitment to sustainability by defining specific environmental impact targets across its business units such as the use of renewable energy and responsible waste management. In its 2021 Sustainability Report “Thriving, Sustainable Communities”,...
As the country strives to return to the post-pandemic new normal, smaller businesses have been experiencing unprecedented roadblocks that prevent their recovery and stability. Pilipinas Shell Petroleum Corporation’s second Future Festival gathered industry leaders to propose solutions to their...
Listed upscale hotel and resort firm Discovery World Corporation is venturing into the development of townships starting with a P7 billion project in Davao City through wholly-owned subsidiary One Davao Townships Corporation. In a disclosure to the Philippine Stock Exchange, Discovery said One...
While sentiment continues to be weighed down by rising inflation, there may be some bargain hunting as investors wait to see how the Bangko Sentral ng Pilipinas (BSP) will react to the US Federal Reserve’s rate hike. “With already two consecutive weeks of decline, we may see some episodes of...
Stocks take cue from US to resume slide Local share prices took their cues from the US and dropped again, to end one of the Philippine Stock Exchange Index’s (PSEi) worst week this year. The main index lost 61.45 points or 0.96 percent to close at 6,331.56 as Conglomerates led the retreat with...
Township developer Megaworld Corporation expects to continue recovering this year from the impact of the pandemic and sees stronger growth compared to 2021. “We already started to focus on growth again. Consequently, we are targeting higher reservation sales this year, and are expanding our...
The local stock market bounced after the announcement of an expected US rate hike and the growth in remittances. The main index rose 73.59 points or 1.16 percent to close at 6,393.01 with the Property sector leading the advance although the Services counter lagged behind. Volume declined to 647...
