San Miguel Corporation (SMC) announced that it has so far donated food and water amounting to over P35 million as its response efforts for provinces hit by typhoon Odette continues. This comes as fuel subsidiary Petron Corporation has managed to restore full operations to most of its damaged...
AllHome, the country’s pioneering one-stop full line home center, has opened in two more locations to bolster its presence in Metro Manila. In a disclosure to the Philippine Stock Exchange, the firm said the new branch is located at the Worldwide Corporate Center (WCC) along Shaw Blvd in...
Philex Mining Corporation, one of the largest producers of copper and gold in the Philippines, reported that the Boyongan deposit of Silangan copper-gold mine project in Surigao del Norte may yield $7 billion in gold and copper over 28 years. In a disclosure to the Philippine Stock Exchange, the...
The local stock market jumped on positive news here and abroad. The main index rose 129.44 points or 1.83 percent to close at 7,215.13 as the Property and Mining and Oil counters led gains across the board. Volume was lower though at 854 million shares worth P5.95 billion as gainers swamped losers...
The Board of Directors of RFM Corp. has approved a cash dividend of P394 million or P0.116936 per share, payable on Feb. 22 with record date as of Jan. 26, 2022. In a disclosure to the Philippine Stock Exchange, RFM CEO Jose Ma. A. Concepcion III said that “RFM is looking into more dividend...
The local stock market pulled back after the previous session’s spike as COVID cases continue to mount. PSEI-NEW-PHOTO-1024x683 The main index dropped 54.98 points or 0.77 percent to close at 7,085.69 as the Mining and Oil counter led the retreat across the board. Volume improved to 878 million...
Cebu-based mining firm Carmen Copper Corp. is conducting relief operations to help its communities recover from the devastation of Typhoon Odette (Rai) which hit Visayas and Mindanao on Dec. 16, 2021. Carmen Copper, a subsidiary of Atlas Mining & Development Corp. and part of SM Investments’...
The local stock market started the week on a positive note on bargain hunting spurred by better jobs data. The main index surged 129.56 points or 1.85 percent to close at 7,140.67 as the Property and Financials sectors led the rally across the board. Volume was still low though at 745 million...
Quintel USA, Inc., the Telecom Base Station Antenna unit of Cirtek Holdings Philippines Corporation, has successfully penetrated the Hawaii market and has included it under its service coverage area in North America. For the state of Hawaii, Quintel will support the islands with its new antenna...
Solar Philippines Nueva Ecija Corp. (SPNEC) is planning to increase its authorized capital stock by 400 percent to 50 billion shares from the current 10 billion shares in preparation for the acquisition of assets from its parent company. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC...
The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by nearly half in November 2021 and bulk of it went only to three state-run companies. Data from the Bureau of the Treasury showed that financial support extended to...
The local stock market is seen to continue to be plagued by the rapidly rising cases of COVID-19 in the country and concern that it will again lead to the highest lockdown level. COVID-19 virus “A continuation of this (rising) trend is expected to further escalate worries over the possibility of...
