The local stock market jumped on further bargain hunting as investors cheered a series of good news. The main index rose 118.49 points or 1.63 percent to close at 7,401.16 as telcos and banks led the rally across the board. 48245 Volume improved to 1.55 billion shares worth P9.28 billion as gainers...
The local stock market managed to end flat after starting the week in the red with investor sentiment stuck in the doldrums. The main index eked out a 2.1-point or 0.03 percent gain to close at 7,282.67 with only the Financials and Mining and Oil counters advancing while most sectors retreated....
Operations at the Light Rail Transit Line 1 (LRT-1) will be temporarily suspended on three Sundays this November and on January next year to complete the necessary works for the upgrade of its existing signaling system. (Photo from Light Rail Manila Corporation) The Light Rail Manila Corporation...
Al Rushaid Construction Co. Ltd. (ARCC), the joint venture firm between EEI Corp. and Al Rushaid Petroleum Investment Company (ARPIC), bagged an P11-billion deal to build a Propane Dehydrogenation (PDH) Plant in Saudi Arabia. In a disclosure to the Philippine Stock Exchange, EEI said ARCC signed a...
Clark Development Corporation (CDC) and local firm Scottubo Corporation have signed a deal to set up a P26.9-million specialty restaurant within the Clark Freeport Zone. In a statement, CDC said the proposed concept of the restaurant project will have a brewery, distillery, and a pub and is...
Stock market investors are seen to remain cautious this week as it does not have any major announcement scheduled that may affect sentiment. “Next week, the overall sentiment is expected to remain cautious as investors wait for catalysts for the market,” said Philstocks Financial Senior...
Megaworld Corporation is developing around 16 hectares of the 85-hectare Northwin Global City in Marilao and Bocaue in Bulacan to become the township’s central business district (CBD). To be called the Northwin Main Street, the firm said the CBD “will be masterplanned like New York City’s...
San Miguel Corp.’s Luzon Clean Water Development Corporation (LCWDC) was cleared to increase water rates in areas covered by the Bulacan Bulk Water Supply Project (BBWSP). In a statement, Metropolitan Waterworks and Sewerage System (MWSS) announced that LCWD will impose a P0.35 centavos per cubic...
Surigao del Sur Rep. Johnny Pimentel has called for the Department of Energy (DOE) to assure the “seamless transfer” of Malampaya’s day-to-day gas business amid calls for a probe of Shell Petroleum B.V.’s $460 million operator switch to Udenna Corp. “We are counting on a smooth handover...
San Miguel Corporation (SMC) power unit SMC Global Power Holdings Corp’s Battery Energy Storage Systems (BESS) technologies will stabilize power supply nationwide; it also ushers the next stage for renewable power in the country. Even as power companies work to avert a looming power crisis in the...
The Securities and Exchange Commission (SEC) has approved the planned P750 million initial public offering (IPO) of Haus Talk, Inc. and the P6 bilion preferred share offering of EEI Corporation. The Commission En Banc resolved to render effective the registration statements of Haus Talk covering...
