The local stock market rose as investors start buying stocks seen to do well next year. The Philippine Stoc k Exchange index (PSEi) gained 44.38 points or 0.62 percent to close at 7,241.99 although only the Banks and Holding Firms counters advanced while the Services sector led decliners. PSE_NEW...
2GO employee getting his COVID-19 vaccine The Philippine’s largest transportation and logistics provider, 2GO Group, Inc., completed its COVID- 19 vaccination drive after inoculating 96 percent of its workforce. “As a company operating in an essential industry, transporting passengers and...
The measure that would provide immediate solution to the dilemmas faced by franchise applicants whose renewal of legislative franchise had been filed but remained pending in Congress has hurdled second reading. Senate Minority Leader Franklin Drilon, author of Senate Bill No. 1530, said he expects...
The local stock market closed almost flat after trading sideways most of the day due to the absence of fresh market moving news. The main index shed 1.31 points or 0.02 percent to close at 7,190.86 as the Services sector led the retreat while the Mining and Oil and Property counters managed to...
As the stock market seems to have calmed down from the initial panic reaction to the Omicron variant, investors will be watching out for inflation figures this week and see how central banks will telegraph their moves. “Inflation will be a key theme for next week—or rather, the expected...
Jollibee Foods Corp. is set to kick-off 2022 by establishing its first stores in Scotland, UK, and in Malaysia’s capital Kuala Lumpur, while opening its 150th store in Vietnam early next year. “We’re excited to bring the Jollibee brand to more countries around the globe – in line with our...
The local stock market declined at the end of the trading week after investors pocketed gains from the recent rally in share prices. The main index dropped 42.75 points or 0.59 percent to close at 7,192.17 as banks led the retreat across the board. 52188 Volume rose to 3.57 billion shares worth...
Replica reproduces familiar Maison Margiela scents and moments of varying locations and periods Let emotions and memories come to life through Maison Margiela scents. Launched in the country by Rustan Marketing Corporation, with its flagship store having opened at Rustan’s Shangri-la t with its...
The contractor of the Common Station in Metro Manila has suggested to temporarily close a portion of EDSA and the Metro Rail Transit Line 3 (MRT-3) North Avenue Station to expedite the completion of the project. (Photo from Department of Transportation) Department of Transportation (DOTr)...
The local stock market rose on the back of growing optimism that the Omicron variant will not be as bad as initially feared. The main index jumped 87.62 points or 1.23 percent to close at 7,234.92 as banks led the advance with only the Property sector posting a marginal decline. PSE_NEW Volume...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, is planning to raise up to P4 billion from a planned initial public offering next year. Based on the draft prospectus filed with the Securities and Exchange Commission, the bank is planning to offer up to 280.6 million common...
Debt-watcher Moody's Investors Service has affirmed China Banking Corp.’s investment grade credit rating in view of its improved capital and profitability to mitigate risks to asset quality. In a statement, China Bank said that in maintaining the its deposit and issuer ratings at Baa2 with a...
