Sy family flagship SM Investments Corporation (SMIC) bagged titles of Asia’s Most Influential Companies and Top Sustainability Advocates in Asia at the Asia Corporate Excellence and Sustainability Awards 2024 (ACES). “We are grateful for the recognition and are inspired to continue to work even...
Construction firm EEI Corporation is raising P2 billion from the private placement of preferred shares to pay for loans and fund future projects. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of directors has approved the proposed issuance of 20 million Series C...
It’s easy to feel frustrated and point fingers when facing abnormal weather patterns, especially in the disaster-stricken Philippines, where calamities swing by like unwanted visitors who frequent poor communities. Lest we forget, developing nations suffer the most from rich countries'...
Jollibee Foods Corporation, one of the largest Asian food service companies, has booked an P810 million windfall through 92 percent-owned Titan Dining LP in the form of a revaluation gain from selling its stake in Tim Ho Wan to the parent company. During the firm’s briefing with stock analysts,...
Filinvest REIT Corporation (FILRT), the real estate investment trust of the Gotianun Group, is aiming to restore the occupancy rates of its office leasing assets to 95 percent by 2026 with the full implementation of the law requiring a reduction in work-from-home arrangements. During the Philippine...
The Energy Regulatory Commission (ERC) has approved three projects by the National Grid Corporation of the Philippines (NGCP) aimed at enhancing the reliability and stability of the transmission grid in Luzon and Visayas. In a statement, NGCP said the approved projects include the Northern Luzon...
The PSEi has risen back to the 6,800 level as investors continue picking up bargains while digesting last week’s corporate results. The main index added 41.84 points or 0.62 percent to close at 6,803.19 with the Services sector leading the advance while Conglomerates lagged behind. Volume dipped...
Tanco-led STI Education Services Group Inc. (STI ESG) has retained the Issue Credit Rating of PRS A plus from Philippine Rating Services Corporation (PhilRatings) for its outstanding bond issuance of P820 million. PhilRatings said this is based on its on-going and initial review of the account...
First Gen Corporation (FGen), the Lopez-led renewable energy firm, announced on Tuesday that efforts to supplement the Malampaya gas field are ongoing, but not through a fixed process. During the 4th Philippine Natural Gas Investment Summit, Vincent Villegas, FGen's senior vice president and chief...
Vivant Energy Corporation's unit, Delta P. Inc., has secured a power supply agreement (PSA) to address the increasing energy demand in Palawan, driven by economic growth. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Nov. 19, Vivant said that the Palawan Electric Cooperative...
Megawide Construction Corporation will be holding its special meeting of stockholders on December 10, 2024, Tuesday, at 2:00 P.M. via remote communication and accessed is through the link available in the Company’s website.
Local share prices rose further as investors continued to pick up bargains. The main index added 84.70 points or 1.27 percent to close at 6,761.35 as Conglomerates led the advance while Industrials, Services, and Miners declined. Volume was firm at 696 million shares worth P5.78 billion as...
