The local stock market weakened further, following the decline in US bourses. The main index dropped 46.81 points or 0.65 percent to close at 7,109.26 as Holding Firms led the retreat of all indices. Volume improved but was still thin at 11.53 billion shares worth P4.98 billion as losers beat...
The Department of the Interior and Local Government (DILG) lauded on Wednesday, April 6, the Ayala Group of Companies (AC) for recognizing the contribution and sacrifices of the Bureau of Fire Protection (BFP) through its “Saludo sa Serbisyo (Salute to the Service’’ program which seeks to...
GMA Network and ABS-CBN Corporation have signed a contract for a historic partnership that will pave the way for the airing of some of Kapamilya Star Cinema’s movies on the Kapuso channel. In a statement, GMA said this partnership charts new grounds for Philippine entertainment and solidifies its...
Jollibee Foods Corporation has opened its first Jollibee store in Glasgow, its second branch in Scotland and the 14th across Europe, as it pursues its target to open 50 stores in the continent. In a statement, Jollibee said the Glasgow branch is located in the heart of the city center at...
The Filinvest-ENGIE Renewable Energy Enterprise, Inc. (FREE) has signed a memorandum of understanding with Filinvest Land, Inc. (FLI) to explore opportunities in installing renewable energy generation facilities in Filinvest Innovation Parks at New Clark City and Ciudad de Calamba. FREE is a joint...
Megaworld Hotels and Resorts explores local flavors, regional cuisine in latest menu for its properties Kingsford Hotel Manila, located at the heart of the Entertainment City of Parañaque “We want to create and celebrate Filipino food that we love, and do our best because it’s from our...
The local stock market dropped after the announcement of higher-expected inflation but managed to recover most of its losses at the end of the day. The main index shed 7.14 points or 0.10 percent to close at 7,156.07 as the Property sector led the retreat although Banks and Mining firms advanced....
Globe Telecom Inc. on Monday, April 4, closed a joint venture partnership deal with ST Telemedia Global Data Centres (STT GDC) and Ayala Corporation (AC) for a powerhouse data center which translates to a transaction pre-tax gain of P10.5 billion for the telco. So far, the three parties have signed...
The PSEi ended in the green after trading weaker earlier in the session as investors digest positive economic news while waiting for Tuesday’s inflation rate announcement. The main index inched up 10.33 points or 0.14 percent to close at 7,163.21 as the Mining and Oil sector led the advance with...
Rockwell Land Corporation has topped off The North Tower, the second tower of the P9 billion The Arton residential development in Katipunan, Quezon City. In a statement, Rockwell said it has finished of the tower’s structural works and this brings The Arton North Tower closer to its completion....
Philex Mining Corporation is postponing its planned P3.15 billion stock public offering “given the current market volatility to help ensure its success.” In a disclosure to the Philippine Stock Exchange, the firm said it had agreed with issue manager and lead underwriter for the offer BDO...
Megaworld Corporation is transferring four more office buildings worth P5.3 billion to its real estate investment trust MREIT as the initial tranche of its P20 billion assets-for-shares swap planned for this year. In a statement, Megaworld said the new acquisitions will have a total gross leasable...
