Russian invasion, alert level to sway stocks By JAMES A. LOYOLA Russia’s invasion of Ukraine and its impact on global equities and other markets will continue to weigh on the local bourse although an easing of quarantine measures may give the PSEi a little boost. “Next week, the local market is...
Solar Philippines Nueva Ecija Corporation (SPNEC) has approved a P60.9-billion asset-for-share swap with its parent company Solar Philippines Power Project Holdings, Inc. (SPPPHI). In a disclosure to the Philippine Stock Exchange, the firm said the swap involves the acquisition of 100 percent of...
68389 Mitsubishi Corporation awarded the over €1 billion, approximately over P57.5 billion, contract to design and build the turnkey rail system for the Metro Manila Subway to Thales, in a consortium with Colas Rail (lead) and Egis. Thales will design and deploy its latest generation of...
Jollibee Foods Corporation has opened its much-anticipated first Jollibee branch in Scotland as part of a large-scale European expansion plan including openings in London, England; Cardiff in Wales; and Madrid, Spain last year and in Rome in 2020. The firm said in a statement that a long line of...
AlphanetWorld Corporation, which has been doing business under the name NWorld, has been ordered by the Securities and Exchange Commission (SEC) to stop soliciting investments from the public without the necessary license. In its order, the Commission En Banc directed AlphanetWorld to immediately...
JAZA inducted as Honory Fellow by ICD By JAMES A. LOYOLA The Institute of Corporate Directors has inducted Ayala Corporation Chairman Jaime Augusto Zobel de Ayala as Honorary Fellow for his "lifelong commitment to promoting the highest standards of governance among Philippine corporations." "JAZA...
Local share prices fell again after Russia takes more aggressive steps in Ukraine while western powers remain on the sidelines. The main index plunged 151.98 points or 2.06 percent to close at 7,212.23 led by losses in the Industrial and Property sectors although Mining and Oil managed to buck the...
China Banking Corporation posted a 25 percent increase in net income to P15.1 billion last year on the back of sustained core business growth and effective cost management. In a disclosure to the Philippine Stock Exchange, the bank said its earnings translated to an improved return on equity and...
All you want and more at SMDC’s Cheerful Homes Location, culture, and characters may vary, but neighborhoods all around the globe share the same sense of communal spirit. It’s a distinct energy characterized by strong connections and a warm fellowship; belongingness that makes one feel right at...
The PSEi dropped as countries impose sanctions against Russia after its troops moved into parts of Ukraine. The main index fell 76.70 points or 1.03 percent to close at 7,364.21 as the Property sector plunged, although the Services and Mining and Oil counters held their ground. Volume declined to...
AllHome Corporation, the country’s pioneering one-stop shop home store, is rolling out initiatives to boost its home construction category’s performance which it targets to account for half of total revenues. In a statement, the firm noted that it was able to turn in sustained growth results in...
The local stock market bucked the global downtrend and bounced back as cautious investors turned into bargain hunters. The main index rose 68.66 points or 0.93 percent to close at 7,440.91 as Holding Firms led gainers although Banks and Property issues were left behind. Volume rose to 3.13 billion...
