The Securities and Exchange Commission (SEC) has approved the planned P3.15 billion stock rights offering of Philex Mining Corporation to fund the development of its Silangan mine. The Commission En Banc resolved to render effective the registration statement filed by Philex Mining for a stock...
The PSEI lost the previous day’s gains as it ended what has been a week of see-saw trading. The main index shed 22.55 points or 0.30 percent to close at 7,251.97 as the Property sector led the retreat although the Banks and Industrial sectors posted strong gains. Volume jumped to 1.2 billion...
Jollibee Food Corporation’s flagship brand Jollibee reported record sales growth in the UK market between January and September 2021 as it pursues long-term investment and expansion plans in the region despite the pandemic. In a statement, the firm said Jollibee’s new stores have contributed...
MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, is set to acquire additional office assets worth around P20 billion this year. In a disclosure to the Philippine Stock Exchange, the MREIT said this acquisition will eventually increase its portfolio value by...
The local stock market bucked the regional trend and managed to move up after the release of better-than-expected economic numbers for the last quarter of 2021. The main index gained 19.91 points or 0.27 percent to close at 7,273.52 as Banks led the advance although the Holding Firms and Mining and...
Vitarich Corporation and Corenergy, a wholly-owned subsidiary of Vivant Corporation, have signed a one year energy supply agreement for up to 0.75 megawatts (MW). In a disclosure to the Philippine Stock Exchange, Vitarich said the agreement will enable it to realize savings, ranging from P3.2...
San Miguel Food and Beverage Inc. (SMFB) has retained its highest Issue Credit Rating of PRS Aaa, with a stable outlook from Philippine Rating Services Corporation (PhilRatings) for its P5-billion outstanding fixed-rate bonds. Obligations rated PRS Aaa are of the highest quality with minimal credit...
The PSEi lost the previous day’s gains as investors trade cautiously while waiting for the US Federal Reserve to announce the results of its ongoing meeting. The main index dropped 34.69 points or 0.47 percent to close at 7,253.61 as Banks led the decline while the Mining and Oil counter bucked...
Airing a legal opinion, Kilusang Bagong Lipunan senatorial bet Larry Gadon sees no constitutional or legal violation committed in the assignment of television channels of ABS-CBN to the Advanced Media Broadcasting System, a broadcast firm owned by former Senate President Manny Villar. Atty. Larry...
The local stock market rose as investors have become cautiously optimistic that quarantine measures may be eased in the National Capital Region where the COVID-19 variant Omicron surge appears to have peaked. The main index gained 35.57 points or 0.49 percent to close at 7,288.21 as the Industrial...
Solar Philippines Nueva Ecija Corp. (SPNEC) is considering a stock rights offering and form joint ventures as part of plans to develop 10 gigawatt (GW) of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said the development plans will be firmed up once its asset-for-share...
San Miguel Corp. (SMC) reported that its group-wide reforestation initiative nationwide has resulted in the planting of 3.8 million trees since 2019 to date. The conglomerate said in a statement that it has recently completed planting over 26,000 trees in Angat, Bulacan together with the town’s...
