Senatorial candidate and former Quezon City mayor Herbert “Bistek” Bautista on Wednesday backed calls proposing that the national government buy back Petron Corporation to help temper fuel price increases in the country. Bautista said he supports the plan to buy back Petron, which was once...
Jollibee Foods Corporation is opening its first two Jollibee restaurants in Scotland which will serve halal meat to cater to all communities in two cities. On Feb. 24, Jollibee will open its doors in the capital’s city center at 136 Princes Street, Edinburgh, marking its first entry into...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
The International Finance Corporation has invested $100 million through a private placement of social bonds issued by Ayala Corporation subsidiary AC Health to help the development of the country’s healthcare sector. The $100-million social bond, which is first of its kind earmarked for...
President Duterte led the inauguration of the South Luzon Expressway (SLEX) Elevated Extension Project in Alabang, Muntinlupa City that is poised to end the perennial traffic congestion in the southern part of Metro Manila on Tuesday, Feb. 15. (Screengrab from PCOO Facebook livestream) The...
Local share prices weakened amid growing tension between Russia and Ukraine as well as lingering concern over US interest rates. The PSEi shed 52.21 points or 0.70 percent to close at 7,309.94 as the Property sector led the retreat while the Holding Firms and Mining and Oil counters posted gains....
The House Committee on Legislative Franchises, chaired by Palawan first district Rep. Franz Alvarez, approved House Bill (HB) 5404 which will renew the Presidential Communications and Operations Office’s (PCOO) Intercontinental Broadcasting Corporation (IBC) television network franchise for...
Solar Philippines Nueva Ecija Corporation (SPNEC) is raising P10 billion from the capital market, including a planned stock rights offering (SRO), to complete its development of 10 GW of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has...
The local bourse started the week on a positive note as investors picked up cheaper stocks. The main index rose 90.79 points or 1.25 percent to close at 7,361.15 as Holding Firms led the advance although the Industrial and Mining and Oil counters lagged behind. Volume was high at 1.19 billion...
This week, investors will be taking cues from corporate earnings reports, hints on local and US policy rates, and the government’s decision on whether to further relax quarantine restrictions. “The government’s decision on the alert level restrictions in the country for the 2nd half of...
Robinsons Malls, through its public service program Lingkod Pinoy Center, is strengthening its partnership with the Bureau of Quarantine (BOQ) which has just opened its fourth satellite office in Robinsons Cagayan de Oro. In a statement, Robinsons Land Corporation said the BOQ satellite offices at...
ABS-CBN Corporation continues with its digital shift by forging a partnership with YouTube, its first time in the Philippines, to develop and produce a new original series that will stream exclusively on the video streaming platform. In a statement, ABS-CBN, the country’s leading content...
