The local stock market will be watching out mainly for the March inflation rate figure which will be announced by the government on Tuesday. “Next week, inflation is expected to be one of the main themes in the local market. Our March consumer price index data is set to be released with the...
The PSEi declined at the end of a volatile week due to renewed concerns over Russia’s invasion of Ukraine and its conflict with the West. The main index dropped 50.59 points or 0.70 percent to close at 7,152.88 as the Holding Firms counter led the retreat of all sectors. Volume weakened to 15.2...
SM Investments Corporation (SMIC) is acquiring 81 percent of Allfirst Equity Holdings Inc. (Allfirst), to gain full ownership of Philippine Geothermal Production Company, Inc. (PGPC), for P15.73 billion. In a disclosure to the Philippine Stock Exchange, SMIC said its Board of Directors has approved...
The Armed Forces of the Philippines (AFP) acquired a Short Brothers & Harland SD3-30 transport aircraft which was donated by a mining company on Friday, April 1. The Armed Forces of the Philippines (AFP) receives a Short Sherpa cargo plane donated by Semirara Mining and Power Corporation in a...
Metro Pacific Investments Corporation has acquired full ownership of affiliate Landco Pacific Corporation, a real estate developer, through the conversion of receivables worth P429.33 million into equity. In a disclosure to the Philippine Stock Exchange, MPIC said it has entered into deeds of...
The Annual Stockholders’ Meeting of East West Banking Corporation on Friday, April 22, 2022, at 8:30 A.M. will be held virtually over a secure online meeting platform. In view of the current circumstances, stockholders may only attend the meeting by remote communication, by voting in absentia...
The local stock market continued to gain as share prices were buoyed by quarter-end window dressing. The main index rose 36.45 points or 0.51 percent to close at 7,203.47 with Holding Firms leading the advance. Volume improved to 1.49 billion shares worth P7.81 billion as gainers outnumbered losers...
AllHome Corporation, the country’s pioneering one-stop full line home center, posted a 46 percent jump in net income to P1.44 billion last year from the P988 million earned in 2020, sustaining its momentum on continuous reopening of the economy. In a disclosure to the Philippine Stock Exchange,...
East West Banking Corporation will hold its Annual Stockholders’ Meeting virtually on Friday, April 22, 2022, at 8:30 A.M. In view of the current circumstances, stockholders may only attend the meeting by remote communication, by voting in absentia or through proxy by appointing the Chairman...
The local stock market rose on encouraging news on peace talks between Russia and Ukraine which led to a decline in oil prices. The main index added 51.93 points or 0.73 percent to close at 7,167.02 as the Services sector led the advance of all sub indices. Volume improved but was still low at 719...
Manny Pangilinan-led Metro Pacific Tollways Corporation (MPTC) on Monday signed definitive agreements to purchase significant minority stake in Byahe (registered as On-Us Solutions Inc). The investment will be made through MPT Mobility Corp., MPTC’s unit for mobility services. L-R, front:...
China Banking Corporation and its investment banking arm China Bank Capital bagged top honors at the recent 2022 PDS Awards of the Philippine Dealing System Holdings Corp. and Subsidiaries (PDS) Group. China Bank won the Cesar E.A. Virata Award (Bank Category), the highest distinction that the PDS...
