Atlas Consolidated Mining and Development Corporation posted a record a record net income of P3.86 billion last year, 31 times the P118 million it earned in 2020. In a disclosure to the Philippine Stock Exchange, the firm said stable production, resilient operation and higher metal prices sustained...
The Philippine Stock Exchange index (PSEi) posted some gains as bargain hunters returned to the local stock market after the Easter break. The main index added 11.21 points or 0.16 percent to close at 6,996.11 although sectoral indices were evenly mixed. Volume was still thin at 751 million shares...
Poultry and feeds firm Vitarich Corporation reported a net income of P89.4 million last year, nearly 10 times the P9.3 million earned in 2020, on the back of record revenues. In a disclosure to the Philippine Stock Exchange, the firm said revenues hit an all-time high of P9.7 billion, up 23%...
Filinvest Development Corporation (FDC), the Gotianun family’s investment arm, reported a 28 percent drop in attributable net income to P6.1 billion last year from the P8.5 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated net income declined by 23...
The local stock market is seen to remain bearish this week as oil prices are rising again while foreign funds continue to exit on expectations of a rate hike in the US. “While we may see some bargain hunting following two successive weeks of decline, the general market sentiment is still seen to...
Alliance Towers Corporation Chairman and CEO Sherwin Hing and President and COO Alvin Tolentino. Independent tower company Alliance Towers Corporation (ATC) is going full speed ahead in building towers to support digital transformation and telecommunications industry efforts to address the demand...
Shopee Taal Aid The continued unrest of the Taal Volcano forced over 1,000 Filipino families to evacuate to nearby communities in Batangas last March. With Alert Level 3 still in place, these families continue to spend their days in evacuation centers across the region. As part of its commitment to...
The PSEi bounced back on the last trading day before Easter as investors picked up cheaper stocks following losses in previous sessions. The main index rose 89.54 points or 1.3 percent to close at 6,984.90 as the Industrial sector led all indices higher. Volume dipped to 1.42 billion shares worth...
Bulk purchase of housing loan receivables in the offing Housing developers and originators participated in the consultation meeting spearheaded by NHMFC Securitization Group Vice President, Maria Luisa Favila, to gather insights on the proposed HLRPP Bulk Purchase Scheme. The National Home Mortgage...
The local stock market dropped further due to lack of fresh leads and with the approaching Lenten break. The main index lost 92.93 points or 1.33 percent to close at 6,895.36 with the Industrial and Services sectors leading the retreat across the board. Volume improved but remained thin at 1.5...
Manila Mining Corporation is planning to raise up to P519 million from a planned stock rights offering to existing shareholders. In a disclosure to the Philippine Stock Exchange, the firm said it is planning to offer 51.92 billion shares consisting of 31.16 billion class A common shares and 20.76...
