Local stock market bulls will be looking at the start of the earnings season for more steam to continue its run after hitting a wall at the 7,400 to 7,500 as the weakening of the Peso together with offshore uncertainties weigh on sentiment. “With the local market still deemed to be attractive, we...
Food manufacturing company General Milling Corporation (GMC) has partnered with Lopez-led clean energy producer First Gen Corporation (FGen) to source renewable energy (RE) for its manufacturing facility. In a statement, GMC said it signed an agreement with FGen which would allow its subsidiary,...
Pioneering township developer Megaworld Corporation expects to generate P3.5 billion in sales from its fourth residential condominium development inside its 35.6-hectare Capital Town township in San Fernando, Pampanga. In a statement, the firm said the 17-story Saint-Marcel Residences will be...
State-owned Social Housing Finance Corporation (SHFC), AVECS Corporation, Bulacan’s local government have partnered to develop 1,000 housing units in the municipality of Pulilan. Signed on Oct. 16, the memorandum of understanding (MOU) outlined a collaboration for the construction of Mom’s...
ACEN Senior Associate for Corporate Communications Nick Villavecer, ACEN SVP and Head of Corporate Communications and Sustainability Irene Maranan, Manila Bulletin Business Development Manager Jordan Tan, and MB Sustainability Forum 2024 Project Lead Philip Cu-Unjieng. ACEN, the listed energy...
The local stock market ended the last trading day of the week with a slight uptick with investors looking forward to the start of the season for the release of third quarter earnings reports. The main index added 15.40 points or 0.21 percent to close at 7,415.73 with Miners leading the advance...
Mitsubishi Corporation’s acquisition of an indirect 6.8 percent stake in Globe Fintech Innovations, Inc. (Mynt) is seen to boost investor interest in the planned initial public offering of the GCash owner and its shareholders. Stock analysts said strategic investment by Mitsubishi will also open...
The Gokongwei Group’s real estate unit Robinsons Land Corporation has raised P1.87 billion from the sale of a two percent stake in its real estate investment trust RL Commercial REIT, Inc. (RCR). In a disclosure to the Philippine Stock Exchange, RLC said it has completed the overnight block...
The Zobel family’s Ayala Corporation is selling to long-time partner Mitsubishi Corporation a 6.5 percent stake in GCash owner Globe Fintech Innovations, Inc. (Mynt) for a minimum of P18.4 billion. In a disclosure to the Philippine Stock Exchange, Ayala said it has agreed to effectively sell half...
In a small town in Albay, the marine environment houses diverse aquatic species crucial for biodiversity. Unfortunately, the climate crisis is set to worsen the reduction of diversity in marine ecosystems, which prompts the need to adopt sustainable practices and preserve with urgency the resources...
State-run National Power Corporation (Napocor) is aiming to resolve its budget deficit by the first quarter of 2025 to ensure uninterrupted power supply in its remote coverage areas. During a Senate hearing on Thursday, Oct. 17, Bernadette Rivero, Napocor manager of strategic business planning,...
Local share prices dropped in afternoon trading as investors turn cautious amid global uncertainties after rising in the morning session due to the rate cut. The main index lost 36.67 points or 0.49 percent to settle at 7,400.33 as Conglomerates led the retreat while Banks managed to advance....
