The Philippine Stock Exchange has approved the planned initial public offering (IPO) of renewable energy producer Raslag Corporation worth up to P700 million. The solar power company will offer up to 350 million primary shares and up to 52.50 million over-allotment option shares at a price of up to...
Real estate giant Ayala Land, Inc. (ALI) has listed its P12-billion fixed-rate bonds due 2028 on the Philippine Dealing & Exchange Corp. (PDEx) after the offering was oversubscribed five times with orders amounting to P60 billion. This 6-year bond is the biggest bond issuance of ALI in the past...
This week, the stock market may see some bargain hunting after suffering a steep fall in the last five trading days although uncertainties remain as investors wait for the new administration to name its economic managers and lay out its plans. “With its fall last week, the market has so far been...
Senator Sherwin Gatchalian on Sunday expressed his grave concern over the country’s power situation amid reports that Udenna Corp.’s Dennis Uy is considering selling his controlling stakes in the Malampaya deep water gas-to-power project. Gatchalian said this development casts uncertainty on...
Construction giant, EEI Corporation, has just celebrated 91 years of operation, with the theme of “Thriving in Adversity.” The former Engineering Equipment and Supply Co. or EESCO, was first incorporated as a machinery and mills supply house on April 17, 1931. At the time, EESCO pioneered the...
The local stock market plunged for the 5th straight session, falling a total of over 499 points or 7 percent to the 6,300 level, as foreign investors continue to leave amid uncertainties. The main index dove 153.13 points or 2.34 percent to close at 6,379.17 as Conglomerates led in the retreat...
Bloomberry Resorts Corporation, reported an unaudited consolidated net income of P679.4 million for the first quarter of 2022, reversing from net loss of P780.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the owner of Solaire Resort & Casino and Jeju...
Ayala Corporation, the country’s oldest conglomerate, reported a 45 percent jump in attributable net income to P7.8 billion in the first quarter of 2022 from P5.4 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said growth came on the back of...
The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment. The PSEi slid by 103.56 points or 1.56 percent to close at 6,532.30 points with Property and Banks leading the retreat across the board. Volume improved 1.59 billion...
PSFI’s Access to Energy installed solar panels as sustainable sources of energy for off-grid communities in Palawan. From education to entrepreneurship For more than a century, Pilipinas Shell has been supporting the growth of local economies across the country by providing opportunities in...
Robinsons Land Corporation, one of the country’s leading developers, is allotting P25.5 billion for capital expenditures this year, about the same amount it spent in 2021, as it gears up for a recovery in the economy. During the firm’s annual stockholders’ meeting, RLC President and CEO...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
