Sky Cable Corp., through its business solutions arm SKYBIZ, is introducing new broadband bundled packages to help boost business productivity, seamless collaboration, and tools to assist in digital transformation. The firm launched its BIZTastic BunDeals allowing new subscribers to choose any...
EastWest Banking Corp., the banking arm of the Gotianun group, reported a 31 percent drop in net income to P4.5 billion last year from the P6.51 billion earned in 2020. In a disclosure to the Philippine Stock Exchange on Friday, March 18, the bank said this is due to the impact of lower loan...
The local stock market continued to recover lost ground as share prices rose across Asia. The main index jumped 96.0 points or 1.37 percent to close at 7,122.45 on Thursday, March 17, as Banks led the charge while the Mining and oil counter retreated. Volume was relatively stable at 1.43 billion...
Solar Philippines Nueva Ecija Corp. (SPNEC) is accelerating its timetable for the development of four gigawatt (GW) projects from Solar Philippines (SP) so it can undertake its planned stock rights offering (SRO) earlier. In a disclosure to the Philippine Stock Exchange on Thursday, March 17, SPNEC...
The government’s fuel subsidies to public transport drivers and operators, while needed, is not enough. That is why the government should start thinking of long-term solutions to address the country’s woes on fuel price increases, senatorial candidate Herbert “Bistek” Bautista on Thursday....
Bayan Muna Party-list solons under the militant Makabayan bloc wants a House probe into the unused P4.99-billion loans for micro, small, and medium enterprises (MSMEs) that was provided by the "Bayanihan 2" Law. Bayan Muna Party-list Rep. Zarate (Photo from Bayan Muna) On March 2, The Commission on...
The local stock market managed to recover from early losses to push the Philippine Stock Exchange index (PSEi) into positive territory at the close of the day’s trading. The main index inched up 6.53 points or 0.09 percent to close at 7,026.45 on Wednesday, March 16, with the Mining and Oil...
Robinsons Hotels and Resorts, a unit of Robinsons Land Corp., is beefing up its presence in the Bicol region with the opening of two hotels under the Go Hotels and the more upscale Summit Hotels brands. In a statement, RLC said Go Hotels Plus Naga is slated to formally open in the first half of...
The local stock market recovered some of the previous day’s losses and returned above the 7,000 level as investors found prices of heavyweights too low to resist. The main index jumped 202.97 points or 2.98 percent to close at 7,019.92 with the Property and Banking sectors leading the advance...
Real estate giant Ayala Land Inc. is planning to raise up to P12 billion from the issuance of bonds to fund its capital expenditures this year as well as for the refinancing of obligations. Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of...
The PSEi plunged to a six-month low as the impact of Russia’s invasion of Ukraine is seem to affect the growth of Asian economies. The main index fell 295.24 points or 4.15 percent to close at 6,816.95, it’s lowest since Sept. 1, 2021 when it ended at 6,785.94. The Services sector led the drop...
The local stock market will continue to be influenced this week by the ongoing invasion of Ukraine as well as its impact on inflation and, consequently, interest rates. “The Russia - Ukraine war and its impact on the global economy, primarily on oil prices, is still expected to weigh on...
