Gaming firm PhilWeb Corporation is getting a capital infusion of P750 million from its principal shareholders Gregorio Araneta Inc. and PhilWeb Casino Corporation. In a disclosure to the Philippine Stock Exchange, PhilWeb said the Executive Committee of its Board of Directors of the Corporation...
The PSEi breached the 7,300 level as investors easily pushed up share prices amid thinning volume. The main index rose 48.06 points or 0.66 percent to close at 7,334.56 as the Mining and Oil and Property sectors led the rally although the Holding Firms’ counter slipped into the red. Volume dipped...
Okada Manila International Inc. (OMI) will be listed on the US NASDAQ through a merger with 26 Capital Acquisitions Corp, a special purpose acquisition company listed on the US NASDAQ. In a disclosure to the Tokyo Stock Exchange, Universal Entertainment Corporation (UEC), the parent company of...
The local stock market rose on year-end window dressing and some optimism over stronger holiday spending. The main index gained 31.70 points or 0.44 percent to close at 7,286.50 as the Mining and Oil counter led the advance while the Property sector was the sole decliner Volume improved but was...
First Philippine Holdings Corporation (FPHC), the investment arm of the Lopez Group, has obtained P2-billion loan from BDO Unibank to beef up its capital expenditure budget for the coming year. In a disclosure to the Philippine Stock Exchange, FPHC Vice President and Assistant Corporate Secretary...
Year 2021 is about to end, but accolades continue to come to RLC Residences and the whole Robinsons Land Corporation, closing the year with a strong finish and geared to start 2022 with renewed motivation and energy. From left: Carissa Denise L. Lao, International Marketing Sales Channel Head; Ma....
The Philippine Health Insurance Corporation (PhilHealth) said on Monday, Dec. 27, that it is hoping that the Private Hospitals Association of the Philippines Inc. (PHAPi) president will rethink its scheduled "PhilHealth Holiday" from Jan. 1 to Jan. 5 next year. (PhilHealth / MANILA BULLETIN) "We...
The local stock market managed to rise after trading weaker in the morning as few investors still trading start positioning for 2022. The PSEi hiked 72.94 points or 1.02 percent to close at 7,254.80 as the Financials and Services sectors led the advance although the Industrial counter retreated....
Newly-listed Solar Philippines Nueva Ecija Corporation (SPNEC) has started the construction of the first phase of what it plans to be the largest solar project in Southeast Asia. The firm is using proceeds from its P2.7 billion initial public offering to construct the first 50 MW and the...
For this short trading week, the local stock market is seen to experience thin volumes as investors both here and overseas are still on holiday. “Soft trading activity is expected for the last trading week of the year, as participants take their time to mull strategies—both in the past and...
The National Irrigation Administration (NIA) has transferred 60 percent of its 100 percent ownership over the massive P33.75 billion Casecnan Multipurpose Irrigation and Power Project (CMIPP) to the Power Sector Assets and Liabilities Management Corporation (PSALM). NIA Administrator Ricardo R....
Cemex Holdings Philippines, Inc. (CHP) reported that the cement manufacturing plant of subsidiary APO Cement Corporation in Naga City, Cebu, is operational in the aftermath of Typhoon Odette. In a disclosure to the Philippine Stock Exchange, Cemex said that, while APO Cement has experienced...
