Aboitiz Power Corp. has reported an increase in net income for the first nine months of the year, driven by improved margins, the addition of new solar plants, and increased retail volume and energy sales. In a disclosure to the Philippine Stock Exchange, the company announced a net income of P27.3...
The PSEi fell, weighed down by losses in the US amid economic uncertainties and rising Treasury yields. The main index dropped 83.87 points or 1.14 percent to close at 7,283.79 with Banks leading the retreat. Volume slipped to 776 million shares worth P3.8 billion as losers swept gainers 139 to 53...
Tollroads operated and managed by conglomerate San Miguel Corporation (SMC) remain business as usual and flood-free despite the heavy downpour caused by Typhoon Kristine. In a statement on Thursday, Oct. 24, SMC said that it placed a quick response team on heightened alert to provide assistance to...
Del Rosario-led PHINMA Corporation has secured the necessary approvals for its stock rights offering of up to P1 billion to better fuel its investment and expansion endeavors. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said the Securities and Exchange Commission (SEC) issued the...
Senator Grace Poe said on Thursday, Oct. 24, that the malfunction of the baggage handling system which plagued hundreds of passengers at the Ninoy Aquino International Airport (NAIA) Terminal 3 must be resolved in the airport's ongoing rehabilitation. "The technical issue must be resolved with the...
DoubleDragon Corporation’s planned bond offering of up to P10 billion has been assigned the highest issue credit rating of PRS Aaa, with a stable outlook, by Philippine Rating Services Corporation (PhilRatings). The firm is planning a P5 billion bond issuance with an oversubscription option of up...
The local stock market dropped with Wall Street and as investors worry over the impact of the typhoon. The PSEi lost 45.5 points or 0.61 percent to close at 7,367.66 as the Services sector led the retreat while Miners and Conglomerates advanced. Volume declined to 1.2 billion shares worth...
Jollibee was recognized as the top food brand in Southeast Asia by Campaign Asia in 2024, highlighting its popularity and influence as a Filipino icon in the region's food industry. This achievement reflects Jollibee’s dedication to providing joy in every meal and fostering community with its...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
Benguet Corp., the mining company of the Romualdez family, reported that it has finally completed its P1.4 billion debt restructuring with 23 creditors after 30 years. In a disclosure to the Philippine Stock Exchange, the firm said that, on October 22, 2024, it has executed with the remaining...
Listed firm Pryce Corporation reported a surge in its gross profit for the first nine months of the year, driven by increased liquefied petroleum gas (LPG) margins in Luzon. In a disclosure to the Philippine Stock Exchange, Pryce said that its branded LPG sales significantly outpaced those of its...
The local stock market continues to move sideways as investors wait for third quarter earnings reports. The main index eked out a gain of 6.53 points or 0.09 percent to close at 7,413.16 as Services and Industrials advanced, but more sectors were in the red. Volume improved to 916 million shares...
