As part of Shell LiveWIRE’s long-standing commitment to developing and empowering Filipino small and medium businesses, Shell supports like- minded initiatives such as the 2022 Benita and Catalino Yap Foundation (BCYF) Innovation Award. This is an annual award that recognizes excellence in...
Local share prices weakened as investors wait for the US Fed’s meeting as well as the release of the latest Philippine gross domestic product numbers. The main index lost 40.88 points or 0.56 percent to close at 7,252.64 as Banks led the retreat across the board. Volume remained low at 1.96...
ABS-CBN Corporation is raising P748 million from the sale of its treasury shares and PDRs (Philippine Depository Receipts) to interested qualified institutional buyers. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the sale of 21.32 million of...
Italpinas Development Corporation (IDC) is entering the economic market segment of the residential real estate sector with the launch of a P1.2 billion project through a joint venture agreement with the Go family, one of the prominent business clans in Cagayan de Oro. In a statement, the firm said...
The local stock market will take cues this week from the US Federal Reserve’s first round of Federal Open Market Committee meeting as well as the release of the Philippines’ fourth quarter gross domestic product data. “The Fed's first round of FOMC this year on Jan 25-26 (statement out on the...
Millennial Resorts achieves the first EDGE certification for Resort Hospitality in the Philippines TRANQUILITY EDGE-Certified Millennial Resorts feature the Cocoons and Club Laiya Millennial Resorts has achieved the very first EDGE (Excellence in Design for Greater Efficiencies) certification for a...
The PSEi bounced after 2 days of losses after investors started picking up some bargains. The main index rose 54.24 points or 0.75 percent to close at 7,293.52 although only the Property and Holding Firms counters advanced while the Mining and Oil led decliners. Volume remained weak at 2.15 billion...
Ayala Corporation and the Zobels’ holding firm Mermac Inc. are infusing P17.39 billion worth of real estate into Ayala Land Inc. through a property-for-equity swap. In a disclosure to the Philippine Stock Exchange, ALI said its Board of Directors has approved the property-for-share swap with AC...
The local stock market lost more ground as the decline in US equities continued to weigh on investor sentiment. The main index shed 22.26 points or 0.31 percent to close at 7,239.28 as sectoral indices were evenly mixed with the Property sector suffering the biggest loss while the Mining and Oil...
Solar Philippines Power Project Holdings, Inc. (SP)m is planning to inject its solar portfolio with over 10,000 MW of developments into listed Solar Philippines Nueva Ecija Corporation (SPNEC) in exchange for P39-billion worth of shares. In a statement, SP said it is open to swap its assets for...
San Miguel Corporation (SMC) is ramping up its clean-up of the Tullahan-Tinajeros river system and the Pasig River which will cost it about P3 billion. In a statement, the diversified conglomerate said it is eyeing to remove a total of 1 million tons of silt and solid waste from the...
Local stocks fell in tandem with other bourses in the region which were, in turn, weighed down by the performance of US exchanges. The main index dropped 82.42 points or 1.12 percent to close at 7,261.54aa the Property sector led the retre although the Industrial and Ming and Oil counters managed...
