The wastewater treatment plant of Clark Water Corporation (CWC), a subsidiary of Manila Water Company, Inc., is facing closure after the Department of Environment and Natural Resources (DENR) threatened to not renew the company's Temporary Discharge Permit (TDP). In a statement, Clark Development...
Discovery World Corporation, the owner of Discovery resorts and hotels, is bullish about the prospects of Philippine tourism in the fourth quarter of 2021 as quarantine restrictions are being eased further. While travel and tourism were among the hardest-hit industries during the pandemic, the firm...
The Department of Justice (DOJ) has affirmed the findings of the Securities and Exchange Commission (SEC) by recommending the filing of criminal charges against Organico Agribusiness Ventures Corporation and its officers for unauthorized solicitation of investments. In a resolution on September 3,...
The local stock market fell as investors cashed out ahead of the long weekend. The main index dropped 103.03 points or 1.44 percent to close at 7,054.70 as the Services and Property counters led the decline across the board. 42281 Volume was steady at 1.12 billion shares worth P7.7 billion as...
The local stock market dropped on more profit-taking as investors wait for developments here and from overseas. The main index fell 72.42 points or 1.00 percent to close at 7,157.73 as the Property and Mining and Oil counters fell with only the Services sector rising. 42016 Volume was slightly...
The retail tranche of the P4.5 billion billion initial public offering AllDay Marts Inc. was 1.62 times oversubscribed, requiring the underwriter PNB Capital and Investment Corporation to refund subscriptions that could not be accommodated. “The overwhelming demand from the Local Small Investors...
AllHome, the country’s pioneering one-stop full-line home center, is riding high on the spike in furniture sales- a pattern seen across the home improvement industry during the pandemic. In a disclosure to the Philippine Stock Exchange, AllHome said Euromonitor International is projecting a nine...
The PSEi dipped on foreign selling of some index heavyweights as funds were moved to the US. The main index declined 21.95 points or 0.30 points to close at 7,239.15 although sectoral indices were evenly mixed with Holding Firms leading the retreat while the Industrial counter posted the highest...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion preferred shares offering by Cirtek Holdings Philippines Corporation. In its meeting on October 26, the Commission En Banc resolved to render effective the registration statement of Cirtek covering 50 million...
Amid the challenges of COVID-19, China Banking Corporation (China Bank) landed in The Asian Banker’s Top 500 Strongest Banks ranking for 2021 as the second strongest bank in the Philippines in terms of balance sheet. China Bank is also in the top 20 percent of the 500 strongest banks in the Asia...
Real estate giant Ayala Land, Inc. (ALI) has successfully listed its new P3 billion 4.0776 percent p.a. fixed rate bonds in a virtual ceremony at the Philippine Dealing and Exchange Corporation (PDEX). The 10-year bond listing due 2031 is part of ALI’s newly approved third shelf registration...
The local stock market started the weak on a sour note as share prices dropped on concerns over US corporate earnings and inflation. The main index fell 78.07 points or 1.07 percent to close at 7,211.54 as Property and Holding Firms led the retreat while Banks and Services counters held their...
