The local stock market finally pulled away from its seven-day dive after investors found bargain prices too hard to resist. The main index jumped 119.56 percent or 1.82 percent to close at 6,676.65 as Industrials and Banks led the rebound although Conglomerates got left behind. Volume was firm at...
Yuchengco-led Petro Energy Resources Corporation (PERC) reported lower net income growth despite higher electricity sales during the first nine months of 2024. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 15, PetroEnergy said that its consolidated net income fell 23 percent to...
Megawide Construction Corporation reported a 69 percent jump in net income to P562 million in the first nine months of 2024 from the P332.5 million it earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the performance was driven by higher...
The PSEi is now at the 6,500 level as share prices plummeted as a result of foreign funds continuing to leave the local market. The main index dove by 157.24 points or 2.34 percent to close at 6,557.09 with the Mining and Property sectors leading the retreat across the board. Volume rose to 674...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), posted a 10 percent year-on-year increase in unaudited net income to P2.21 billion in the third quarter of 2024, mainly due to higher revenues. The bank said in a disclosure to the Philippine Stock Exchange (PSE) that this...
Security Bank Corporation registered a 12 percent year-on-year growth in net profit to P8.5 billion in the first nine months of 2024 as revenue growth accelerated to 28 percent compared to the 24 percent posted in the first semester of the year. In a disclosure to the Philippine Stock Exchange...
Transmission service provider National Grid Corporation of the Philippines (NGCP) has reported that there are more than 100 projects under the Transmission Development Plan (TDP) that will be rolled out until 2050. In a briefing on Thursday, Nov. 14, the NGCP said that it has already presented the...
Megawide Construction Corp. was slapped with a P1.3-billion arbitration claim by HT Land Inc. in relation to the construction of the P10-billion second phase of the Mandani Bay Quay development in Mandaue City, Cebu. In a regulatory filing on Thursday, Nov. 4, Megawide said it received a request...
MacroAsia Corporation reported a 61 percent increase in net income for the first nine months of the year, rising to P1.2 billion from P746 million during the same period last year, driven by higher revenues across its various business segments. Consolidated revenues were higher by 28 percent to...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) posted a 31 percent drop in unaudited consolidated net income to P6.2 billion for the first nine months of 2024 from the P9.03 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the...
Filinvest Development Corporation (FDC), the holding company of the Gotianun Group, reported a 59 percent jump in attributable net income to P9.5 billion in the first nine months of 2024 from the P5.9 billion earned in the same period last year. In a disclosure to the Philippine Stock...
The Securities and Exchange Commission (SEC) has ordered the Capital Markets Integrity Corporation (CMIC) to take over the operations of stock brokerage Equitiworld Securities Inc. (EQWORLD) to secure the accounts of its customers. In a statement, the SEC said it issued the takeover order on Nov....
