Two members of the Gokongwei group, Robinsons Land Corporation (RLC) and Robinsons Retail Holdings Inc. (RRHI), have made it to the 2022 Bloomberg Gender-Equality Index (GEI). RLC and RRHI comprise half of the only four listed companies in the Philippines included in this year’s roster, alongside...
The PSEi started the week lower as investors reposition their investments ahead of the index recomposition while others took profit on concern over inflation. The main index dropped 76.05 points or 1.02 percent to close at 7,389.30 as Holding Firms led the retreat although Banks and Mining and Oil...
NLEX Corporation, a member of the Metro Pacific Group, has retained its the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, from Philippine Rating Services Corporation (PhilRatings) for its outstanding Fixed-rate Bonds worth P8.6 billion. Obligations rated PRS Aaa are of the highest...
The local stock market may benefit this week from growing optimism as the economy reopens while COVID-19 cases decline although it will also take some cues from the release of economic data. After the PSEi breached the 7,300 resistance level last year, Philstocks Financial Senior Supervisor for...
Newly-listed Monde Nissin Corporation (MONDE) and liquor maker Emperador, Inc. will be joining the prestigious Philippine Stock Exchange index (PSEi) starting Feb. 14, 2022. The PSE announced that its January to December 2021 stock performance review showed that the two firms will be among the 30...
SMDC is among those at the forefront of turning us into a nation of homeowners, bringing the "shelter" dream of every Filipino closer to reality. At the center of its development strategy is convenience—that Filipinos are given the opportunity to own quality homes in good, premium areas, such as...
Cirtek Holdings Philippines Corporation (CHPC) is planning to issue Commercial Papers (CPs) of up to P2.0 billion as it continues to raise funds from various sources for the expansion of its subsidiaries. Philippine Rating Services Corporation (PhilRatings) assigned Cirtek an Issuer Credit Rating...
The local stock market bounced back after government announced that the inflation rate dipped in January. The main index rose 73.58 points or 1.0 percent to close at 7,456.35 as the Mining and Oil index led the advanced although the Financials and Services counters lagged behind. Volume improved to...
From left: Ajinomoto Philippines Corporation (APC) President Tsutomu Nara and Spectrum President and CEO Ferdinand O. Geluz formalize the two companies’ partnership that will involve a pilot solar project at APC’s plant in Bulacan. Spectrum, a wholly owned subsidiary of Manila Electric Company...
The local stock market weakened as investors took profits following the release of lower manufacturing data. The PSEi lost 76.22 points or 1.02 percent to close at 7,382.77 as the Property and Industrial sectors led the retreat across the board. Volume declined to 1.69 billion shares worth P6.75...
Philex Mining Corporation, one of the country’s top gold and copper producers, expects its net income to have grown double digits in 2021 as it rides on high metal prices. “In terms of EBITDA growth and core income growth for Philex, it should be in the high teens for 2021 over 2020. Maybe even...
A kiddie meal for the kids-at-heart Yesterday, Feb. 2, at exactly 1p.m., Jollibee announced that their kiddie meals will come with “Jollibots,” where Jollibee and his friends are made into a Chickenjoy bucket, Jolly spaghetti, Jolly crispy fries, Sundae twirl, and a yum burger. The fun part,...
