Japanese gaming firm Universal Entertainment Corporation (UEC) expects to end the year with a loss, partly due to the weak VIP market hounding its Philippine integrated resort, Okada Manila, and other casinos operating in the country. In a disclosure to the Tokyo Stock Exchange, UEC said that based...
Tycoon Michael Cosiquien is exiting Ferronoux Holdings, Inc., handing the reins of the company to backdoor-lister Themis Group Corporation and in exchange for P297 million. In a disclosure to the Philippine Stock Exchange, Ferronoux said Cosiquien’s ISOC Holdings Inc. has notified the company...
The local stock market dipped on the last trading day of the year as index heavyweights continued to drag down the PSEi even though more stocks were up. The main index shed 10.23 points or 0.16 percent to close 2024 at 6,528.79 as Banks suffered the biggest loss while Mining stocks surged. Volume...
Magsaysay Shipping & Logistics (MSL) is almost doubling its stake in Lorenzo Shipping Corporation (LSC) through a P270 million subscription of common shares. In a disclosure to the Philippine Stock Exchange, LSC said its Board of Directors has approved the issuance of 270 million common shares...
The Philippine Stock Exchange Index (PSEi) managed to eke out a gain despite some index heavyweights weakening and offsetting the broader market's gains. The main index added 4.11 points, or 0.06 percent, to close at 6,539.02, with the Property sector leading the advance while the Conglomerates and...
The Sy family’s SM Group is optimistic about the country’s economic growth prospects in 2025, despite challenges such as peso volatility and high inflation. In a statement, SM Investments Corporation (SMIC) President and Chief Executive Officer Frederic C. DyBuncio, said the group plans...
As the year nears its close, Ayala-led ACEN Corporation anticipates a strong performance in 2024, driven by increased energy capacity and new projects. In a briefing, Eric Francia, ACEN president and chief executive officer expressed optimism for the year's overall performance, citing "more...
The SM group is planning to significantly expand the SMX Convention Center Clark by 2026–2028 to boost its capacity to host large-scale events and address the growing demand in the region. SM Investments Corporation stated that this is made possible by its integrated property development...
(Unsplash) National Electrification Administration (NEA) Administrator Antonio Almeda has clarified that he never meant to blame the National Grid Corporation of the Philippines (NGCP) for the power woes on Siargao Island. Almeda gave this statement...
Advent Energy, Inc., a subsidiary of Aboitiz Power Corporation, announced plans to deliver more renewable energy (RE) projects by 2025, with a focus on solar power. In a briefing, James Yu, Aboitiz Power vice president and head of retail, said the company plans to increase capacity through...
Metro Pacific affiliate Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, expects to perform even better next year after turning its performance around in 2024. “Rising demand in key export markets continue to fuel our...
Parañaque City 2nd district Rep. Gus Tambunting (Facebook) Displaying a great sense of urgency, the House Committee on Legislative Franchises tackled during a briefing on Monday, Dec. 23 the reported delays in the implementation of more than 200...
