Odette, the strongest typhoon to hit the Philippines in 2021, has dampened the Philippine government’s overall growth outlook for agriculture sector, which already lost over P3-billion worth due to the typhoon. "The growth outlook is dampened," said Agriculture Secretary William Dar said in a...
Responding to the plea for safe drinking water for the typhoon-stricken areas, Maris Pure Corporation, manufacturer of Healthy and Pure purified water, started by donating 125 cases of bottled water to Manila Bulletin’s relief operation. In coordination with the Philippine Coast Guard, MWF sent...
The local stock market dropped for the third day this week as the gravity of the last typhoon’s damage becomes more apparent. The PSEi lost 47.87 points or 0.67 percent to close at 7,119.19 as Holding Firms fell while the Industrial and Mining and Oil counters advanced. Volume dipped to 1.61...
EEI Corp. has raised P6 billion from the offering of its Series A (EEIPA) and Series B (EEIPB) Preferred Shares to the public, marking its return to the equity capital markets since its P540-million stock rights offering in 2007. In a statement, the firm said strong demand for its Preferred Shares...
Newly-listed Solar Philippines Nueva Ecija Corporation (SPNEC) is preparing its planned expansion for a joint venture that will build a 1,000 hectare solar farm. “We are preparing an initial 1,000 hectares for a joint venture with a partner who can help turn this plan into a reality,” said...
Hybrid rice seeds producer-SL Agritech Corp. (SLAC) has raised nearly P2 billion through another commercial paper issuance as the company gears for local and overseas expansion. On Wednesday, Dec. 20, SLAC formally listed its P1.86 billion worth of short-term commercial papers at the country’s...
The local stock market market lost more ground as investors continue to worry over the rising COVID-19 numbers overseas and the damage caused by Typhoon Odette. The main index dropped 70.55 points or 0.98 percent to close at 7,167.06 as Banks led the retreat across the board. Volume remained thin...
San Miguel Corporation (SMC) has activated its network in the Visayas and Mindanao regions to deliver truckloads of food to Odette-hit areas worth a total of P30 million so far. In a statement, the conglomerate said it has also dispatched fuel stocks at its Petron installations and, where possible,...
The Philippine National Oil Company-Exploration Corporation (PNOC-EC) effectively protected the country’s national interest when it blocked the sale of Shell Philippines Exploration B.V.’s (SPEX) stakes to Malampaya Energy XP Pte. Ltd., a subsidiary of Dennis Uy-led Udenna Corp., in the...
The local stock market dropped as investors worry again about the spread of the Omicron variant locally and overseas while assessing the damage wrought by Typhoon Odette. The main index lost 60.05 points or 0.82 percent to close at 7,237.61 as the Mining and Oil counter led the retreat although the...
Opposition Senator Leila de Lima on Monday said she sees no reason for the Philippine government to entrust the sale of Malampaya to Udenna and UC Malampaya which have a history of partnering up with China-owned companies. De Lima reiterated that Malampaya is crucial to the country’s national...
Vitarich Corporation is allotting capital expenditures of P150 million for the expansion of a chicken dressing plant in Marilao, Bulacan after its planned acquisition of Barbatos Ventures Corporation. In a disclosure to the Philippine Stock Exchange, Vitarich said it has reached an agreement with...
