Investors will be watching out for signs if Santa Claus will be visiting the local stock market in the last two weeks of trading when the index often rallies before 2021 ends due to positioning for the new year. “Recovery was a major plot-point for equities in 2021, and is likely to spill over to...
The holidays are here and it’s time to create new memories with loved ones as you bond over good food. Make this season extra special with the recipes that will make your feast unforgettable, with familiar flavors that come together with the health benefits from premium Dona Elena Olive Oil....
The local stock market was mixed but managed to close higher on late buying of blue chips. The main index rose 64.4 points or 0.89 percent to close at 7,297.66 with the advance led by the Holding Firms counter while the Industrial and Mining and Oil sectors retreated. PSE_NEW Volume was high at...
MREIT, Inc., the REIT company of township developer Megaworld, reported that its Board of Directors has approved the acquisition of four prime, grade A buildings located in PEZA-registered zones for a total of P9.1billion. In a disclosure to the Philippine Stock Exchange, the firm said the...
Solar Philippines Nueva Ecija Corporation (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has successfully made its trading debut on the Main Board of the Philippine Stock Exchange (PSE). The firm’s shares closed its first trading day at P1.01 per...
SM Investments Corporation (SMIC), the holding company of the SM Group of Companies, is planning to raise up to P15 billion from a planned bond issuance. The conglomerate plans to issue P10 billion in bonds with an oversubscription option of up to P5 billion. The bonds have been assigned the...
After almost two decades, the Metro Rail Transit Line 7 (MRT-7) that would link Quezon City to Bulacan is now on track for completion as the government is committed to make the rail line operational by the fourth quarter of 2022. (Photo from Department of Transportation) This, after President...
The Philippine Stock Exchange index bounced back after the previous day’s panic selling as investors gain confidence from stronger US markets. The main index jumped 100.68 points or 1.41 percent to close at 7,233.26 as the Services sector led the rally across the board. Gainers beat losers 109 to...
Aboitiz Equity Ventures Inc. (AEV) and JERA Co. Inc. have finalized the Japanese firm’s acquisition of a 25.01 percent stake in Aboitiz Power Corporation (AboitizPower), following the turnover of the $1.46 billion payment. This also comes after the fulfillment of several conditions, including a...
The local stock market fell after the health department reported the country’s first two cases of the Omicron variant. The PSEi lost 109.41 points or 1.51 percent to close at 7,132.58 as the Property sector led the retreat across the board. 53334 Volume jumped to 1.33 billion shares worth P11.35...
Chowking USA has recently opened its first store in the East Coast in the state of New Jersey as part of Jollibee Group’s aggressive expansion plans in North America. In a statement, Jollibee said customers can now enjoy traditional Chinese cuisine with modern fast-food service at the new...
The P2.7 billion initial public offering (IPO) of Solar Philippines Nueva Ecija Corporation (SPNEC), developer of what is touted as Southeast Asia’s largest solar project, is almost two times oversubscribed ahead of its listing on December 17, 2021. “SPNEC’s IPO was oversubscribed, receiving...
