The local stock market weakened further as the situation at the Russian and Ukranian border continue to heat up. The main index lost 46.54 points or 0.63 percent to close at 7,372.25 although sectoral indices were evenly mixed as conglomerates fell while property firms rally. Volume rose to 1.4...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported a 21 percent growth in consolidated net income to P21.8 billion last year from P18.0 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is on the back of the...
Security Bank Corporation’s investment arm, SB Capital Investment Corporation has received three deal accolades from Hong-Kong based financial magazine The Asset as well as several awards from other institutions. SB Capital was received the “Best Local Currency Green Bond Award” for serving...
Yuchengco-led Rizal Commercial Banking Corporation has successfully listed its P14.76 billion Series E ASEAN Sustainability Bonds due 2024 on the Philippine Dealing and Exchange Corporation. Carrying a coupon of 3.00 percent per annum, the bonds saw strong demand from investors which resulted in an...
Concepcion Industrial Corporation, the country’s leading provider of consumer lifestyle and building industrial solutions, reported a 58 percent drop in unaudited net income last year despite higher revenues. In a disclosure to the Philippine Stock Exchange, the firm said net income fell to P196...
Robinsons Land Corporation (RLC) is developing a 215-hectare sustainable and masterplanned estate called Montclair near the Clark Freeport Zone in the province of Pampanga. “Montclair, a Destination Estate of Robinsons Land Corporation, will redefine integrated developments in Central Luzon,”...
The local stock market declined on renewed concern over tensions between Russia and Ukraine. The main index shed 20.14 points or 0.27 percent to close at 7,418.79 as the Industrial counter led the retreat that was partially offset by the strong gains of the Property and Mining and Oil sectors....
SM Investments Corporation has listed its P15-billion fixed rate bonds at the Philippine Dealing and Exchange Corp. (PDEx) after the offering was 3.7 times oversubscribed to as much as P55 billion. Investors snapped up the bonds after the offering closed on February 11, 2022, a strong testament to...
Another solar energy firm is planning to go public. Raslag Corporation is looking to raise up to P805 million from an initial public offering of 350 million common shares (firm shares) at an offer price of up to P2 per share, with an overallotment option of up to 52.5 million secondary common...
The Philippine Stock Exchange index ended slightly lower after a day of volatile trading. The main index dipped 13.89 points or 0.19 percent to close at 7,438.93 with sectoral indices evenly mixed. Volume dropped to 911 million shares worth P6.82 billion as gainers outpaced losers 107 to 77 with 56...
Universal Robina Corp. (URC) , one of the country’s largest food and beverage firms, is making a big push this month towards its “net zero” goal in 2050 by sourcing its electricity needs from power producers that use renewable sources. In a statement, URC said it has signed an agreement with...
The local stock market bounces back following positive news overseas and in the domestic front. The main index jumped 142.88 points or 1.96 percent to close at 7,452.82 with the Property and Services sectors leading the rally across the board. Volume rose to 1.16 billion shares worth P9.53 billion...
