Billionaire Enrique K. Razon Jr.’s Bloomberry Resorts Corporation (BRC), which owns the Solaire and Jeju Sun integrated resorts, reported that Thomas Arasi retired on Dec. 17, 2024, as President and Chief Operating Officer (COO). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The local stock market fell on strong foreign selling as investors wait for the US Federal Reserve and Bangko Sentral ng Pilipnas' (BSP) last policy meetings for the year. The main index plunged by 113.45 points or 1.72 points to close at 6,501.71 with Banks leading the retreat across the board....
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is planning a temporary shutdown of its petrochemical business in the hope of reducing its operational losses. “Management noted that the petrochemical industry continues to face significant challenges, marked by continued softness in...
Upscale resort developer and operator Discovery World Corporation (DWC) is investing an additional P762.2 million for the expansion and development of its resorts and township properties in Palawan, Davao, and Siargao. In four disclosures filed with the Philippine Stock Exchange (PSE), DWC said it...
The local stock market ended flat as investors continue to wait for the policy meetings of both US Philippine central banks. The main index shed 1.35 points or 0.02 percent to close at 6,615.16 with the Mining sector suffering the biggest loss while Banks and Conglomerates advanced. Volume declined...
Ayala-led ACEN Corporation has set a target of adding 1.2 gigawatts (GW) of operational capacity by 2025. In a briefing on Monday, Dec. 16, Eric Francia, ACEN president and chief executive officer, stated that the company is on track with its pipeline projects, which are set to come online next...
Stock market investors are hoping that the policy meetings of the Bangko Sentral ng Pilipinas (BSP) and the US Federal Reserve this week will spur bargain-hunting as share prices remain low amid bearish market sentiment. According to Philstocks Financial, investors are looking for positive...
Fastfood giant Jollibee Foods Corporation (JFC) is set to triple its net income ahead of its 2028 target, as it continues to be aggressive on its expansion plans globally. At a news briefing during the launching of its 200th Jollibee store in Ho Chi Minh, Vietnam last week, JFC Chief Finance...
Megaworld Corporation, tycoon Andrew Tan’s flagship property development company, is launching at least two to three new townships next year as it continues to expand its pioneering live-work-play concept. In an interview, Megaworld parent company Alliance Global Group’s President and CEO Kevin...
Although the Philippine Health Insurance Corp. (PhilHealth) was "taught a lesson" with its zero-subsidy budget, Senator Pia Cayetano expressed her belief that that the action still violated the law. (Photo from the Office of Senator Pia Cayetano) "So siguro naturuan nga ng leksyon (So perhaps we...
Creating a safer digital space for all means ensuring no one is left behind. A new community-based program is bridging the digital divide by providing senior citizens with the tools and knowledge to confidently embrace technology and protect themselves online. The SM Group, through SM Development...
The local stock market ended the week lower as investor sentiment was weighed down by the decline in US bourses. The main index dropped 24.84 points or 0.37 percent to close at 6,616.51 as Conglomerates fell although sectoral indices were evenly mixed. Volume declined to 1.2 billion shares worth...
