The first series of ‘Living Legend: World-Renowned Filipinos’ will feature icons such as Tony winner Lea Salonga and international fashion designer Josie Natori In the past, the Philippine Postal Corporation (PHLPost) has been spotlighting Filipino culture and heritage through commemorative...
The local stock market sustained last week’s winning streak on Monday, with the PSEi hitting its highest level so far this year, as investors remained bullish amid the downtrend in COVID cases and the coming announcement of the Philippine gross domestic product. The main index added 55.45 points...
RLC earnings jump 47% in 9 months By JAMES A. LOYOLA Robinsons Land Corporation (RLC), a leading real estate company in the Philippines, recorded a 47 percent jump in net profits to P6.44 billion for the first nine months of the year compared to the same period in 2020. In a disclosure to the...
The national government reduced the amount of subsidy to government owned and controlled corporations (GOCCs) amid the widening budget deficit, based on data from the Bureau of the Treasury. Financial support extended to state-owned corporations amounted to P145.87 billion from January to September...
After breaching the 7,300 level, the local stock market is seen to test its strength further this week to see if it can reach the 52-week high of 7,432.40 for the Philippine Stock Exchange Index (PSEi). “While last week’s rally could invite selling pressures, the market is still seen to have an...
Security Bank Corporation was awarded by UK-based finance journal Retail Banker International (RBI) as a Trailblazer in Product Innovation during the 2021 RBI Asia Trailblazer Awards for its Doctor's Loan product. In a statement, the bank said RBI recognized this loan product as the Best Loan...
RL Commercial REIT Inc. (RCR), the country’s largest Real Estate Investment Trust (REIT) and backed by Robinsons Land Corporation, declared its first cash dividend amounting to P616.8 million. Just over a month since its debut at the Philippine Stock Exchange, the RCR Board of Directors approved...
The local stock market surged to end the week at its highest level this year as investors cheered the lower-than-expected inflation rate for October and the loosening of quarantine restrictions. The main index jumped 137.05 points or 1.90 percent to close at 7,340.77 as the Property and Services...
Bloomberry Resorts Corporation, owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a smaller unaudited consolidated net loss of P3 billion first nine months of 2021 from a loss of P5.9 billion in the same period last year. In a disclosure to the Philippine Stock...
The PSEi sustained its rally for the third session this week, boosted by positive corporate earnings reports. The main index added 19 points or 0.26 percent to close at 7,203.72 as the Mining and Oil counter bounced back and led the advance across the board. PSE_NEW Volume was steady at 4.69...
Jollibee Foods Corporation, one of the largest Asian food service companies, is acquiring a majority stake in the firm that owns popular Taiwanese bubble tea brand Milksha after having signed licensing agreements earlier. In a disclosure to the Philippine Stock Exchange, the firm said its wholly...
China Banking Corporation posted a 35 percent growth in consolidated net income to P11.2 billion for the January to September 2021 period on the back of sustained core business growth and effective cost management. In a disclosure to the Philippine Stock Exchange, the bank said it was able to ride...
