San Miguel Corporation (SMC) just released the conceptual master plan for its 2,500-hectare, future-ready, aerocity development in Bulacan, a “pace-setter” for green urbanism. The project complements the conglomerate's P740-billion New Manila International Airport (NMIA) project. It's the...
For a safe and healthy Toledo City. Present during the simple turnover of CEDC and GTFI’s swab test booth and industrial fan donation to the City’s local hospital were (L-R) Mrs. Chia Eliana, Admin head of Toledo City Hospital; Dr. Abigail Cecile Trocio, Chief of Clinics - Toledo City Hospital;...
The local stock market rose for the second day as investors continued to pick up bargains amid positive remittance data. The main index was up 92.54 points or 1.42 percent to close at 6,594.66 as Holding Firms led the advance while the Services counter was the only one that retreated. Volume dipped...
AllHome, the country’s pioneering one-stop full line home center, reported a 7.7 percent increase in earnings before interest, taxes, depreciation, and amortization (EBITDA) to P856.2 million in the first quarter of 2022. AllHome In a disclosure to the Philippine Stock Exchange, the firm said it...
In the Philippines, many adult Filipinos still find it difficult to apply for loans. However, the heavy demand for digital transactions and experiences, accelerated by the Covid-19 pandemic, brought opportunities that led to revolutionizing lending to unbanked Filipinos towards a more...
The Annual Stockholders' Meeting (ASM) of Cityland Development Corporation will be held virtually or via  ZOOM on June 07, 2022 at 4:00PM.
BDO Unibank, Inc. (BDO) has raised $100 million from the issuance of its maiden Blue Bond through an investment from the International Finance Corporation (IFC). In a statement, the bank said this issuance will expand financing for projects that help prevent marine pollution and preserve clean...
FILRT profit falls 30% in Q1 By JAMES A. LOYOLA Filinvest REIT Corporation (FILRT), the commercial real estate investment trust of the Filinvest group, posted a 30 percent drop in net income to P382 million in the first quarter of 2022 from P543.69 million in the same period last year due to lower...
Emperador Inc. is raising its capital expenditure budget to expand its overseas whisky business while sister company Megaworld Corporation is expanding its reach in the domestic front. During the Emperador’s annual stockholders’ meeting, is was disclosed that the firm increasing its capital...
The local stock market bounced from its five-day losing streak on the back of gains in US bourses. The main index jumped 122.95 points or 1.93 percent to close at 6,502.12 with the Property sector registering the biggest gain as all counters advanced. A total of 678 million shares worth P8.06...
Security Bank Corporation posted a 66 percent jump in net income to P2.7 billion in the first quarter of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. In a disclosure to the Philippine Stock Exchange, the bank noted that, 2021 tax...
EastWest Bank (EW) reported a 75 percent plunge in net income to P507.6 million for the first three months of 2022 from the P2.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its profits fell primarily due to lower fixed-income trading...
