Bacolod City’s dynamic and vibrant culture took center stage as PHINMA Properties launched its newest township, Saludad, reflecting the PHINMA Group’s commitment to making lives better by creating sustainable communities and spurring regional development. Showcasing the spirit of Negros through...
Only one Filipina made it to Forbes Magazine’s Asia Power Businesswomen list which features 20 industry veterans who set precedent by becoming the first women to step into top leadership roles at their companies. Megaworld Corporation’s new president Lourdes Gutierrez-Alfonso joined other...
Pangilinan-led Philex Mining Corporation reported a 29 percent drop in core net income to P610 million in the first nine months of 2024 from the P864 million earned in the same period last year due to lower ore grades mined. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Petron Corporation reported a decline in net income for the first nine months of 2024, as challenges in the international oil market persisted, despite achieving revenue and sales growth. In a statement on Tuesday, Petron reported that its net income dropped to P7.1 billion in the first nine months...
San Miguel Brewery Inc. (SMB) reported a 36.7 percent increase in net income to P23.4 billion from its Philippine operations in the first nine months of the year. In a statement, the subsidiary of diversified conglomerate San Miguel Corporation said this growth includes dividends of P7.4 billion...
The local stock market surged on news that the inflation rate in October did not rise higher than expected. The main index jumped 121.84 points or 1.71 percent to close at 7,257.94 with the Property sector leading the rally. Volume was still weak though at 1.03 billion shares worth P4.97 billion as...
To help areas struck by the Severe Tropical Storm “Kristine”, Lopez-led FP Island Energy Corporation has provided uninterrupted power supply through its microgrid system in Camarines Sur. In a statement, the firm said around 600 residents in a remote island barangay in the town of Caramoan have...
Jollibee Foods Corporation, one of the largest Asian food service companies, is taking over the ownership and management of the Tim Ho Wan business through wholly owned subsidiary, Jollibee Worldwide Pte. Ltd (JWPL). In a disclosure to the Philppine Stock Exchange, Jollibee said it has signed an...
The Philippine Chamber of Commerce and Industry (PCCI) has recognized SM Investments Corporation and BDO Unibank Inc. as among this year’s “Country Movers,” to highlight their significant contributions to national development. Presented during the 50th Philippine Business Conference and Expo...
The local stock exchange traded sideways as investors wait for the US elections and Federal Reserve meeting. The main index shed 6.86 percent or 0.10 percent to close at 7,136.10 with the Mining counter posting the steepest drop while Conglomerates and Services improved. Volume was low at 588...
While the recent market decline has brought share prices to attractive levels which may spark some bargain-hunting, stock market investors are seen to be wary due to the US elections and the release of the October inflation data. “The local market has exhibited bearish movements in last week’s...
Del Rosario-led PHINMA Corporation has set the final offer price of its planned P1 billion stock rights offering (SRO) at P20.00 per share. In a disclosure to the Philippine Stock Exchange, the firm said it has also set the size of the offering at 50 million shares, and the entitlement ratio is...
