East West Banking Corporation (EastWest) of the Gotianun Group reported its highest-ever net income of ₱7.6 billion last year, a 25 percent increase from 2023 earnings, driven by strong consumer loan expansion and robust deposit generation. In a disclosure to the Philippine Stock Exchange, the...
The Philippine Stock Exchange index (PSEi) gained more ground as investors continued to pick up cheaper stocks on the back of gains in US bourses. The main index added 24.92 points or 0.41 percent to close at 6,119.88 with the mining and oil surging by 4.73 percent while banks and services...
First Gen Corp. and Tokyo Gas Co. Ltd. officials celebrated their agreement with a wine toast. The agreement establishes Tokyo Gas's acquisition of a 20 percent equity ownership in FGEN LNG Corp. In photo (from left) are Victor Emmanuel B. Santos Jr., First Gen Executive Vice President; Toshihide...
Ayala-led retail electricity unit ACEN Renewable Energy Solutions (ACEN RES) has entered into its first retail aggregation program (RAP) deal with Filipino-Chinese school Philippine Cultural College (PCC). In a statement on Wednesday, Feb. 19, ACEN RES said it partnered with PCC through RAP, a...
Food and beverage manufacturer Monde Nissin Corporation expects strong earnings growth for 2024, driven by record revenues, despite ongoing challenges in its meat alternative business. Based on preliminary and unaudited financial results disclosed to the Philippine Stock Exchange, the company...
San Miguel Corporation affiliate Bank of Commerce (BankCom) has upsized its peso bond offering by almost four times its original offer size due to strong demand from retail and institutional investors. In a disclosure to the Philippine Stock Exchange, the bank said it achieved its biggest peso bond...
The local stock market strengthened as investors picked up bargains amid stronger remittances and corporate tax cuts. The main index surged by 101.48 points or 1.69 percent to close at 6,094.96 as the property counter made a strong bounce while miners saw some profit-taking. Volume grew to...
The Securities and Exchange Commission (SEC) has approved the planned offering by Filinvest Land Inc. of peso denominated fixed rate bonds worth up to ₱12 billion. The offering, a ₱9 billion base and a ₱3 billion over-subscription option of up to ₱3 billion, consists of five-year bonds due...
Speaking at the US-Philippines Society event, Jaime Augusto Zobel de Ayala highlights Philippine investment opportunities. Ayala Corporation Chairman Jaime Augusto Zobel de Ayala urged foreign investors, particularly those from the US, to invest in the Philippines, citing the country's...
Tycoon Eduardo J. Soriano, vice chairman and director of A. Soriano Corporation (Anscor), passed away on Feb. 17, 2025, at the age of 69. "It is with deep sadness that we announce the passing of Mr. Eduardo J. Soriano, our vice chairman and director, today, Feb. 17, 2025," the company said in a...
The Philippine Stock Exchange index (PSEi) fell following the decline in US bourses last Friday as investors are jittery about factors that may further delay interest rate cuts. The main index lost 67.85 points or 1.12 percent to close at 5,993.48 on Monday, Feb. 17, as the property sector plunged,...
SM Investments Corporation, the flagship of the Sy family, is cautiously optimistic and expects its upward trajectory to continue this year on the back of the strength of the Philippine economy. In an interview, SMIC Chairman Amando M. Tetangco Jr. said, “We will continue to grow in 2025. As many...
