After its ₱5 billion bond offering period, San Miguel Corporation (SMC) affiliate Bank of Commerce (BankCom) was assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). An Issuer Credit Rating is an opinion on the...
Chinabank’s Channel Management Officers, Ryann Sison and Mardie Rapadas with host Inka Magnaye navigate the new My CBC App through a wall alive during the app’s launch at the SEDA Hotel BGC last Jan. 30, 2025 The power of one of the country’s leading banks is now at your fingertips as...
The local stock market succumbed to profit-taking after the PSEi rallied by almost 420 points from its bear market crash last Friday. The main index shed 39.11 points or 0.62 percent to close at 6,241.97 as the Property sector led the correction while the Industrial and Mining counters continued to...
Universal Robina Corporation (URC), the food and beverage unit of JG Summit Holdings Inc., announced the appointment of Anna Milagros D. David as the first President of its Branded Consumer Foods (BCF) business in the Philippines. In a statement, the firm said that, David will now oversee...
Mr. Erwin G. Pato, SM Investments Executive Vice President for Treasury, Finance and Planning, receives the Anvil Award from Mr. Norman Agatep, Vice President for External, Public Relations Society of the Philippines for SM’s landmark Euro Medium-Term Notes Program. The SM Group, led by...
The local stock market rallied for a second day on Wednesday, Feb. 5, on optimism that interest rates would soon be cut after January's inflation rate fell within target. The benchmark Philippine Stock Exchange index (PSEi) jumped 192.02 points, or 3.15 percent, to close at 6,281.08, led by the...
Premiumlands Corporation (PLC) and Industrial Holdings and Development Corporation (IHDC), both owned by Francis Lloyd Chua, are launching a ₱255 million tender offer for minority-held shares of Asiabest Group International Inc. (ABG). According to a disclosure filed with the Philippine Stock...
Senators are looking forward to changes that would happen under United States-trained orthopedic surgeon, Dr. Edwin Mercado, who has been appointed by President Marcos as the new president and chief executive officer (CEO) of the Philippine Health Insurance Corp. (PhilHealth). Senator Joseph...
The Philippine stock market rebounded, surpassing the 6,000 mark on Tuesday, Feb. 4, after the US postponed new tariffs on imports from Canada and Mexico. The benchmark index jumped 206.02 points, or 3.50 percent, to close at 6,089.06, led by gains across the services sector. Trading volume reached...
Renewable energy (RE) provider First Gen Corporation (FGen) is prolonging its partnership with industrial printing firm Precision Crestec, Inc. to power its production facility in Pasig City. In a statement on Tuesday, Feb. 4, FGen and Precision inked a new supply agreement for 700 kilowatts (KW)...
Ayala-led ACEN Corp. announced Tuesday, Feb. 4, that it has increased its stake in its subsidiary, Belenos Energy Corporation, to bolster its renewable energy (RE) portfolio. In a disclosure to the Philippine Stock Exchange, ACEN said it signed a subscription agreement worth ₱392 million to...
China Banking Corporation (Chinabank) is confident of its continued growth trajectory as it marked its return to the benchmark 30-member Philippine Stock Exchange Index (PSEi) last Feb. 3, 2025. The PSEi is the local bourse’s main index, providing a snapshot of the market's overall condition by...
