The Department of Transportation (DOTr) announced on Saturday, Feb. 15, that the implementation of cashless toll collection on major tollways in Luzon will start next month, specifically on March 15. Citing information from the Toll Regulatory Board (TRB), the DOTr said this means that all...
The local stock market turned red on Valentine’s Day as investors cashed out after the Bangko Sentral Pilipinas' surprise move to hold back an expected rate cut. The main index lost 51.86 points or 0.85 percent to close at 6,061.33 as the rate-sensitive property sector led the retreat while...
James L. Go, Chairman of the Gokongwei Group’s flagship JG Summit Holdings Inc., has been bargain-hunting and scooped up ₱48.13 million worth of shares of subsidiaries Robinsons Retail Holdings Inc. (RRHI) and Universal Robina Corporation (URC) this week. As stock analysts are optimistic about...
(From L-R) Erwin Razon (General Manager, Hepmil Philippines), Dennis Reyes (PR and Partnerships Head, Jollibee Philippines), Gladys Pagdato (Associate Account Director, Hepmil Philippines), Abigail Ocampo (Client Success Manager, Hepmil Philippines), Elise Maog (PR & Partnerships Officer,...
The local stock market managed to rise despite higher US inflation as investors were expecting the Bangko Sentral ng Pilipinas (BSP) to cut its policy rate. The main index jumped 69.06 points or 1.14 percent to close at 6,113.19 with the mining and services sectors leading all sub-indices up....
Ayala Corporation and San Miguel Corporation led 29 Philippine conglomerates and businesses that made it to Time magazine and Statista’s inaugural 500 Best Companies in Asia-Pacific for 2025. The ranking of 500 of the Asia-Pacific’s best companies by Time and Statista is based on a formula of...
Foreign investors may now buy more shares of Jollibee Foods Corporation as the Philippine Stock Exchange (PSE) has approved the firm’s request to amend its foreign ownership limit from 40 percent to "no limit" or up to 100 percent. This is in light of the amendments to the Jollibee's primary and...
Ayala-led ACEN Corporation has received an "A-" rating for its climate actions from the global non-profit Carbon Disclosure Project (CDP). The CDP assessment evaluates corporate environmental transparency and performance related to climate change, deforestation, and water security. Jonathan Back,...
The Philippine Stock Exchange index (PSEi) recovered some lost ground, returning above the 6,000 level following the announcement of changes to the MSCI Philippine Index, effective at the end of February. The main index rose by 56.38 points, or 0.94 percent, to close at 6,044.13, led by...
The Ayala Group continues to dispose of non-core businesses with the sale of its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell) so it can better focus on more promising endeavors. The move comes after the sale of a portion of its stake in GCash to Mitsubishi and the...
MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, is moving JG Summit Holdings Inc. and subsidiary Universal Robina Corporation from its large cap to the small cap index. Based on the results of the MSCI’s February 2025 Index...
The local stock market dropped back to the sub-6,000 after four straight days of losses almost wiped out its 420-point bounce last week. The Philippine Stock Exchange (PSE) index lost 49.37 points or 0.82 percent to close at 5,987.75 on Tuesday, Feb. 11, with the retreat led by the property sector...
