The local stock market slipped a little in a muted reaction to the Trump inauguration as Monday was also a holiday in the US. The main index dipped by 9.68 points or 0.15 percent to close at 6,340.21 as Miners led the retreat while Conglomerates and Property firms managed to advance. Volume was...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) has issued the initial price guidance at five-year US Treasury plus 145 basis points for its planned offering of benchmark-sized US-dollar senior unsecured sustainability notes. In a disclosure to the Philippine Stock Exchange (PSE), the...
Citicore Renewable Energy Corporation (CREC) announced it will launch nine solar projects in Batangas, Pampanga, Pangasinan, and Quezon Province this year, aiming to achieve one gigawatt (GW) of capacity annually. CREC President and CEO Oliver Tan shared in a briefing that the first of these...
The local stock market traded flat as investors wait for cues from the inaugural speech of US President Donald Trump. The main index shed just 2.23 points or 0.04 percent to close at 6,349.89 with sectoral indices equally divided although the Property counter saw a big drop. Volume was thin at 1.54...
Engineering and infrastructure firm Megawide Construction Corporation is setting a P1.8 billion capital expenditure budget for 2025, an increase of 50 percent over the estimated P1.2 billion it spent last year. In an interview, Megawide Chairman Edgar Saavedra said this year’s capex will be...
The Philippine Stock Exchange (PSE) announced that AIA Philippines Life and General Insurance Company Inc. has agreed to sell its four percent stake in Philippine Dealing System Holdings Corporation (PDHSC). In a disclosure, the PSE said AIA is selling its 250,000 PDHSC shares for P150 million, or...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) plans to raise fresh funds through a benchmark-sized offering of US-dollar senior unsecured sustainability notes via a drawdown under its $4 billion Medium Term Note Program. In a disclosure to the Philippine Stock Exchange, the bank said it...
DMCI-led Semirara Mining and Power Corporation (SMPC) is forecasting nearly P7 billion in capital expenditures (capex) for 2025, with the majority allocated for coal development. In a briefing, SMPC announced an anticipated P6.9 billion group capex. Approximately 84 percent of this amount (P5.8...
A lack of fresh leads is expected to keep the local stock market bearish this week, but bargain hunters may find opportunities as prices reach a seven-month low. “The local market has turned more bearish last week as it extended its decline. At the same time, the market has broken below the 6,400...
Township developer Megaworld Corporation, the real estate arm of tycoon Andrew Tan’s Alliance Global Group, is set to launch at least two more townships outside of Metro Manila this year. The firm said it is continuously ramping up its portfolio of integrated developments in the provinces and the...
Meritocracy is no longer a buzzword in the corporate world. It's becoming a key indicator of effective governance, as companies increasingly prioritize expertise and independent judgment in their boardrooms to navigate a rapidly evolving business landscape. While many companies boast about their...
Share prices recovered as investors position ahead of the inauguration of US President Donald Trump. The main index jumped 86.60 points to 1.38 percent to close at 6,352.12 as Banks led the advance across the board. But volume declined to 994 million shares worth P4.93 billion as gainers...
