Metro Pacific Tollways Corporation (MPTC), the concessionaire and operator of NLEX, SCTEX, NLEX Connector, CAVITEX, CALAX, and Cebu-Cordova Link Expressway (CCLEX), is rolling out its ‘Biyaheng Arangkada Semana Santa’ motorist assistance program this Holy Week. This road-safety initiative aims...
While Security Bank Corp. shows overall financial stability, credit rater Moody’s Ratings revised its outlook on the bank’s ratings to negative, citing lingering risks, including the decline in its capital buffer, rapid loan growth, and reduced ability to absorb losses. “We revised the...
Two months after announcing its plans to decommission the Naga Oil-fired power plants, Aboitiz Power Corporation has announced the successful disconnection of the facilities from the grid. In a disclosure to the Philippine Stock Exchange on Wednesday, April 16, AboitizPower said that its...
The PSEi continued to advance as investors are encouraged by hopes of a rate cut and the possibility of a deal for better tariff rates with the US. The main index added 40.58 points or 0.66 percent to close at 6,186.10 as Industrials led the charge with only Miners slightly down. Volume...
McDonald’s Philippines has been a staple brand in the country’s quick-service restaurant industry. From its first branch in Morayta, Manila, in 1981 to opening its first Green and Good store in 2020, McDonald’s Philippines etched an unforgettable mark in providing convenient and satisfying...
The Department of Energy (DOE) has warned of potential supply strains if Excellent Energy Resources Inc.’s (EERI)’s natural gas plant faces a delay in power delivery. In a media briefing on April 14, Energy Assistant Secretary Mario Marasigan said that EERI, a joint venture between Meralco...
Del Rosario-led PHINMA Corp. reported a 66-percent drop in attributable net income to ₱279.55 million last year, from the restated 2023 profit of ₱831.27 million, due to high expenses and losses of its property business. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
The local stock market rose at the start of the three-day trading week as bargain hunters were emboldened by gains in US bourses last Friday. The main index jumped by 63.08 points or 1.04 percent to close at 6,145.52 as the Services sector led the advance with only Banks in the red. Volume...
Megawide Construction Corporation has raised ₱5.3 billion from its oversubscribed offering Series 6 Preferred Shares which it has listed on the Philippine Stock Exchange (PSE) on April 14, 2025. In a disclosure to the bourse, the firm said the offer was 1.7 times oversubscribed from the...
Businessman Francis Lloyd Chua’s Premiumlands Corporation (PLC) and Industrial Holdings and Development Corporation (IHDC) have finally kicked off the P255 million tender offer for a third of the capital of Asiabest Group International Inc. held by the public. In a disclosure to the...
While conditions are rosy at the domestic front, cautious trading is expected at the local stock market as investors would not want to leave their bets during the Lenten break, wary that global markets remain restive and another tweak in US tariff policy can sent global markets into another...
From left: Jonel Carcueva, Junreck Carcueba, Rustom Lim, Mervin Corpuz, Mark Joseph Lobiano, John Paul Laureta, Khyll Lequin, and Riener Lim. Whether chasing medals or chasing horizons, MPT DriveHub , the travel companion app of Metro Pacific Tollways Corporation (MPTC), believes every journey...
