Philippine Seven Corporation and Philippine Stock Exchange Chairman Jose T. Pardo Philippine Seven Corporation (PSC), the local licensee of 7-Eleven Convenience Stores, announced that the Chairman of its Board of Directors Jose T. Pardo is retiring and stepping down on July 17, 2025. In a...
The local stock market dipped after a short series of minor gains as investors remain cautious amid unpredictable policy shifts by the US on tariffs and attacks by Trump on the independence of the Federal Reserve. The main index shed 10 points or 0.16 percent to close at 6,158.48 as Miners rallied...
East West Banking Corp. is confident that the bank’s double-digit net income growth in 2024 will be sustainable, driven by its core businesses, unless international trade issues or other external developments disrupt the local economy. During the EastWest Bank 2025 Annual Stockholders’ Meeting...
Bloomberry Chairman and CEO Enrique K. Razon Jr. Razon-led gaming firm Bloomberry Resorts Corporation is on track to launch its new electronic gaming product in late May or early June this year as it bets on the rapidly growing online gaming business to compensate for revenue losses due to...
Lopez-led First Gen Corp. (FGen) has teamed up with a Japanese manufacturing firm to supply 100-percent clean energy to its facilities in Zambales. In a statement released on Thursday, April 24, Sanyo Denki Philippines Inc., a subsidiary of Japan’s Sanyo Denki Co. Ltd., announced its partnership...
China Banking Corp. (Chinabank) announced that its board of directors has declared cash dividends totaling ₱6.7 billion, following the bank’s record earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it will pay a regular cash dividend of ₱1.5 per common...
ENEX Energy Corporation, an Ayala-led ACEN Corporation subsidiary, is actively working to unlock the full potential of its two key assets: a clean energy power plant in Batangas and an offshore oil and gas project in the West Philippine Sea. During the Annual Stockholders’ Meeting on Wednesday,...
The Philippine Stock Exchange index (PSEi) edged higher, buoyed by gains in US markets, a strengthening peso, and positive corporate earnings. The benchmark index climbed by 22.89 points or 0.37 percent to finish at 6,168.48 on Wednesday, April 23, although sectoral indices showed a mixed...
Upson International Corporation, a leading IT retailer in the Philippines, reported that its consolidated net income increased four percent to ₱481.5 million last year from the ₱464.2 million earned in 2023. In a disclosure to the Philippine Stock Exchange, the firm said the increase was...
To fuel expansion and bolster its finances, ACEN Corp., Ayala Corp.’s renewable energy (RE) unit, plans to raise fresh capital through a stock rights offering (SRO). In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, April 23, ACEN announced the approval to issue up to ₱30...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is cutting capital expenditures (capex) for 2025 following a decline in earnings in 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it is allotting ₱63 billion for capex this...
Aboitiz Power Corporation announced that its subsidiary has broken ground on a hybrid battery energy storage system (BESS) project integrated into its oil-fired power facility in Agusan del Norte. In a statement on Tuesday, April 22, AboitizPower's unit, Therma Marine, Inc. (TMI), said it commenced...
