Late buying allowed the local stock market to close flat as investors continued to sit on the sidelines. The main index eked out a gain of 1.61 points or 0.03 percent to close at 6,199.25 with only the Financials and Services counters in the red. Volume remained weak with 1.63 billion shares...
Food and beverage firm Monde Nissin Corporation disclosed the list of the 11 cornerstone investors that subscribed to about 67 percent of the shares from its P55.9 billion initial public offering. In a statement, the firm said the cornerstone investors are: AIA Investment Management Private...
Due to health and safety concerns in light of the risks associated with the COVID-19 pandemic, San Miguel Corporation will not hold a physical meeting of the Annual General Stockholders’ Meeting (AGSM). The Company will conduct the AGSM via livestream at the Company’s website and will publish...
Due to health and safety concerns in light of the risks associated with the COVID-19 pandemic, San Miguel Corporation will not hold a physical meeting of the Annual General Stockholders’ Meeting (AGSM). The Company will conduct the AGSM via livestream at the Company’s website and will publish...
San Miguel Corporation (SMC) said it is opening a sustainable community marketplace in Sariaya, Quezon that will be jointly managed by the residents of its P352 million relocation community. In a statement, SMC said the San Miguel Market, the first in Sariaya’s Barangay Castanas, is 95 percent...
The Bangko Sentral ng Pilipinas (BSP) approved four new banking offices in the last quarter of 2020 compared to 67 new branch applications in the same period in pre-pandemic 2019. Based on a BSP circular letter, there was only one approved regular branch and three branch-lite units (BLUs) in the...
Japanese firm Mitsubishi Power (Philippines) Inc. has bagged a three-year contract for ‘reliability maintenance work’ aimed at improving the capacity availability at the 300-megawatt Therma South Inc. power plant of Aboitiz Power Corporation. The long term service agreement (LTSA), according to...
DMCI Holdings Inc., the diversified conglomerate controlled by the Consunjis, expects a strong recovery this year due although a return to its pre-pandemic performance is not seen until 2023. “We believe that our Company can stage a recovery this year on the back of higher construction...
Filinvest Development Corporation (FDC), the flagship of the Gotianun family, posted a 35 percent drop in attributable net income to P2.0 billion in the first quarter of 2021 from P3.0 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues and...
The PSEi managed to start the week in the green, thanks to late buying that allowed it to recover from early losses. The main index inched up 14.22 points or 0.23 percent to close at 6,283.58 with only the Financials and Holding Firms counters retreating. Volume was weak with 2.3 billion shares...
AllHome Corporation, the pioneering one-stop shop home store in the Philippines, posted a 26 percent jump in net income to P344.2 million in the first quarter of 2021 from the P270 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues...
Megaworld Corporation, the country’s largest developer of integrated urban townships, reported a 33 percent drop in attributable net income to P2.4 billion in the first quarter of 2021 from P3.5 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
