Township developer Megaworld Corp. is acquiring a 2.2-hectare property in Sta. Cruz, Manila from Manila Jockey Club Inc. (MJCI) for P1.89 billion. In separate disclosures to the Philippine Stock Exchange, the two firms said they have entered into a Memorandum of Agreement (MOA) for the purchase of...
The Philippine Stock Exchange Index (PSEi) bounced back as investors picked up bargains on news that COVID-19 cases in the National Capital Region seems to be easing. The PSEi rose 120.13 points or 1.66 percent to close at 7,343.96 led by the Holding Firms and Services sectors with only the Mining...
Asia Link Finance Corporation (Asialink) has obtained an Issuer Credit Rating of PRS A plus (corp.), with a Stable Outlook, from Philippine Rating Services Corporation (PhilRatings) while it explores funding options. Asialink offers unsecured and secured credit facilities that cater to the...
As the biggest property management company in the Philippines, Ayala Property Management Corporation (APMC) needed to transform its operations to digital to provide an overall better experience for staff and customers. With an unparalleled and award-winning 45-year history of establishing safety,...
The local stock market ended lower on the lack of good news even as local COVID cases continue to rise to record levels. The main index dropped 37.51 points or 0.52 percent to close at 7,223.83 as Banks led the retreat although the Mining and Oil counter posted strong gains. Volume was still low at...
Security Bank Corp. has been named as the Most Recommended Transaction Bank in the Philippines and the Most Helpful Transaction Bank During COVID-19 by consumer rating and survey site BankQuality in its 2021 Corporate Survey on Transaction Banks. The BankQuality Corporate Survey on Transaction...
The local stock market is seen to remain volatile this week despite growing optimism over the recovery of the country’s economy amid the surge in COVID cases fueled by the Omicron variant. “Next week, we may see selling pressures take over the market following its 3.57 percent rally last week....
The Light Rail Manila Corporation (LRMC), private operator of Light Rail Transit Line 1 (LRT-1), has started rolling out its free random antigen testing among volunteering passengers of the rail line. LRT-1 This was in line with the Department of Transportation's (DOTr) directive to the railway...
The 54th Shell National Student Arts Competition (NSAC) Virtual Art Interaction showcased how the power of art can magnify the expression of advocacies, as well as how art enhanced by technology can break boundaries. The last two sessions of this online workshop series, organized by the Pilipinas...
SM Investments Corporation (SMIC) has issued a statement reiterating that it has never had any ownership of nor is it in any acquisition talks for a property in Barangay Patungan, Maragondon, Cavite that is the subject of a court-ordered demolition. “The area of the demolition incident that...
The local stock market dipped as investors cashed out for the weekend after the sharp gains made in the last 2 days. The main index shed 17.72 points or 0.24 percent to close at 7,290.03 as sectoral indices were evenly mixed with Banks leading the retreat while the Mining and Oil counter led...
Stocks gains more ground The local stock market continued to rise on belief that the Omicron variant may not derail economic recovery. The main index jumped 92.62 points or 1.28 percent to close at 7,307.75 with the Mining and Oil counter leasing the advance. However, volume dropped to 1.2 billion...
