SM Investments Corporation announced the release of its Integrated Report for 2021 to communicate the value of sustainable business practices across its portfolio. In a statement, the firm said the report features stories on innovation and community support amid the ongoing impacts of the COVID-19...
The PSEi started the month lower after cautious investors quickly sold down stocks after early gains. The main index shed 10.17 points or 0.15 percent to close at 6,721.08 points as Banks led the decline while the Industrial sector was the only one that managed to advance. Volume fell to 795...
Megaworld Corporation is increasing the capital spending budget for its two Bacolod townships to P45 billion as it ramps up construction activities of 34-hectare The Upper East. In 2015, Megaworld announced that it is pouring in P35 billion to develop two townships in Negros Occidental – the...
SM Investments Corporation is bullish about the outlook for business with the revival of economic activities in the country. “We are encouraged by the continued recovery of our businesses which were severely affected by the pandemic. Our expansion plans remain on track and will accelerate as...
Filinvest Land Inc. is planning to raise up to P11.9 billion from its proposed P8.0 billion bond issuance, with an oversubscription option of up to P3.9 billion. In a statement, Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of PRS Aaa to...
The market is seen to take cues from more first quarter earnings reports although investors remain jittery and may trade with a downward bias. “For next week, the market may still move with a downward bias as it contends with a lot of headwinds both onshore and offshore,” said Philstocks...
Real estate and gaming firm Belle Corporation posted a 7 percent improvement in consolidated net income to P477 million in the first three months of 2022 from the P447 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said the higher profit was...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 25 percent growth in core net income to P676 million in the first quarter of 2022 from P540 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Shopee donations for Typhoon Agaton victims Shopee, the leading e-commerce platform in Southeast Asia & Taiwan, along with its logistics arm, Shopee Xpress worked with NORVIC Drugs Corporation and NutriAsia, last April 4 to collect and deliver sanitation kits and refreshments to Visayans...
Imagine a property tucked away amidst manicured gardens, with luxurious amenities and an iconic view of an all-weather, 27-hole championship golf course in a picture-perfect setting. Imagine having a quick nature escape from the fast-paced, busy, and stressful life in the city. Imagine private...
The Jollibee Group continues to hit its aggressive global expansion targets in North America with more store openings scheduled in 2022. In a statement, Jollibee said it is set to open its first branch in Downtown Los Angeles (DTLA) in the second quarter of this year. 80886 It also plans to open a...
The local stock market fell on the last trading day of the month over concern on the detection of the new Omicron variant in the country. The PSEi dove by 178.20 points or 2.58 percent to close at 6,731.25 as the Property counter led the retreat of all sectors. Volume rose yo 840 million shares...
