Santa Claus finally paid the local stock market a visit, sparking off some recovery on the last trading day before Christmas. The main index surged by 128.53 points or 2.01 percent to close at 6,534.91 with the Industrial sector leading the rally across the board. Volume was thin at 713 million...
(MANILA BULLETIN) The Energy Regulatory Commission (ERC) chief admitted before congressmen on Monday, Dec. 23 the lack of updated rules following the agency’s failure to approve system operator National Grid Corporation of the...
In a show of confidence in RFM Corporation, which has seen its profits rise this year, the food and beverage firm's chief executive, Jose Ma. A. Concepcion III, has been steadily increasing his shareholdings in the company. Based on five disclosures to the Philippine Stock Exchange since Nov. 27,...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives is set to conduct a "thorough review" of the existing operating franchise of the country's lone grid operator, the National Grid Corporation of the...
Yuchengco-led Petro Energy Resources Corp. (PERC) announced that its San Jose Solar Power Plant in Nueva Ecija has begun exporting renewable energy to the Luzon grid, its second utility-scale solar facility to come online. In a disclosure to the Philippine Stock Exchange on Monday, Dec. 23, PERC...
Benguet Corporation (BC), a publicly-listed mining corporation controlled by the Romualdez family, announced its first cash dividend declaration in 35 years as it is finally debt-free. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it had declared cash dividend on its common...
Robinsons Land Corporation, the Gokongwei group’s property development arm, is adding 340,000 square meters of leasable space to its portfolio with the construction of the P25-billion The Jewel in Mandaluyong. In an interview, RLC Senior Vice President and General Manager for Robinsons Offices,...
Lopez-led First Gen Corporation (FGen) has renewed its partnership with Far Eastern University (FEU) to supply renewable energy (RE) to its Manila and Alabang campuses. In a statement, FGen said it will supply 600 kilowatts (kW) of electricity to FEU Alabang in Muntinlupa and 650 kW to the FEU...
Investor sentiment in the local stock market is expected to remain bearish this week due to prospects of fewer rate cuts in 2025, a weakening peso, and concerns related to the government’s budget for next year. "The local market is turning more bearish as it extended its decline last week," said...
VisMin developer Cebu Landmasters Inc. is planning to raise up to P5 billion from the planned issuance of Sustainability-Linked Bonds which will be the second tranche of its three-year Shelf Registration program amounting to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it...
The Philippine Chamber of Commerce and Industry (PCCI) lauded NGCP’s efforts to lower electricity costs, benefiting millions of consumers across the country. The PCCI, the Philippines’ biggest business organization, conferred the Country Movers Award on NGCP in recognition of its initiatives...
The Ninoy Aquino International Airport (NAIA) operator is preparing for a surge in travelers this holiday season, with passenger numbers expected to exceed those recorded during Undas and the same period in 2023 due to increased travel demand. In a statement on Saturday, Dec. 21, Ramon S. Ang, New...
