The Securities and Exchange Commission (SEC) has approved the public offering by Ayala Corporation of up to P10 billion worth of bonds under its P30 billion debt securities program. In its meeting on May 11, the Commission En Banc resolved to render effective the...
Jollibee Foods Corporation is planning to issue up to P12 billion worth of Peso Preferred Shares as well as buy back up to $250 million worth of its USD Perpetual Bonds through a Cash Tender Offer within 2021. In a statement, the firm said the issuance of preferred shares is subject to the approval...
San Miguel Corporation (SMC) has committed to spend P1 billion for the cleanup of the Pasig River – touted as the boldest and most recent attempt at reviving the biologically inactive river. In partnership with the Department of Environment and Natural Resources (DENR), SMC said the cleanup...
Bank of Commerce (BankCom), the banking affiliate of San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the highest rated corporates only to...
Pilipinas Shell Petroleum Corporation (PSPC) is pleased to announce the election of former BangkoSentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. as a new independent member of PSPC’s Board of Directors effective May 11, 2021. Amando M. Tetangco Jr. Mr. Tetangco’s board election...
Diversified engineering conglomerate DMCI Holdings, Inc. reported that its profits shot up by 590 percent in the first quarter of the year to P4.3 billion from P616 million in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is because income drivers...
Philippine food maker Monde Nissin Corp. is in talks with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd. to become cornerstone investors in what could be the country’s biggest-ever initial public offering, according to people familiar with the matter. Fidelity...
AllDay Supermarket, a member of the Villars’ AllValue Holdings retail group, has successfully launched the country’s first self-checkout counters in its Evia Lifestyle Center location in Alabang. In a statement, AllDay said this is part of its efforts to stay on the cutting edge of satisfying...
Bloomberry Resorts Corporation, the owner of Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a net loss of P780.8 million in the first quarter of the year from a net income of P1.4 billion in the same period last year. However, the firm disclosed to the Philippine Stock...
Filipino consumers are in for another financially punishing week on their fuel expenses as the price of gasoline will rise by P0.75 per liter; while diesel and kerosene prices will increase by P0.70 per liter. As of press time, the oil companies that already advised on their price hikes had been...
Megaworld Corporation, the largest office lessor in the country, reported that it is now the office leasing market leader in Iloilo City with a 70 percent market share, based on an internal study conducted in April. The firm said it has a total leasable office portfolio of 100,000 square meters in...
Trading this week will be influenced by the release of economic data, including the much-awaited gross domestic product (GDP), as well as more first quarter earnings reports. “Market sentiment may still have a bearish bias as investors continue to adjust their economic recovery expectations, from...
