Property giant Ayala Land Inc. reported to be raising about P2.7 billion from the sale of shares in its real estate investment trust AREIT Inc. in preparation for another asset injection. According to Abacus Securities Corporation, “Ayala Land is unexpectedly placing out an additional 75 million...
The local stock market may see initially some profit-taking this week following its recent rally although sentiment remains generally upbeat and will continue to buoy share prices. “The local market has been showing bullish momentum, rising for three straight weeks, with the latest one getting it...
Accepting the award for the Company is VP for Corporate Affairs Suiee Suarez (2nd from left), pictured together with Aboitiz Equity Ventures (AEV) VP - Governance & Compliance Mailene De La Torre (1st); AEV Chief Legal & Compliance Officer Connie Chu (3rd); and UnionBank of the Philippines...
The local stock market continues to rally and was up by more than a hundred points to breach the 7,300 level intraday as investors grow more upbeat amid monetary policy changes that will release more money into the system. The main index rose by 50.16 points or 0.70 percent to close at 7,252.32 as...
Leading clean energy developer First Gen Corporation is lining up 9,000 megawatts of renewable energy (RE) investments to concretize its well-calculated journey to net zero – and this business decision is out to prove that sustainability and profitability can go hand in hand without frying the...
The local stock market landed above the 7,200 level after the US Federal Reserve slashed interest rates as expected. The main index added 46.26 points or 0.65 percent to close at 7,202.16 led by the surge in Mining and Bank stocks with only Industrials declining. Volume jumped to 698 million shares...
Following series of spot purchases, listed firm First Gen Corporation indicated that it is seriously weighing long-term contracting for liquefied natural gas (LNG) that it will be feeding for the electricity generation of its gas plants in Batangas. According to First Gen Chairman and CEO Federico...
Publicly-listed Vivant Corporation reported that Vivant Renewable Energy Corporation (VREC), which it owns through Vivant Energy Corporation (VEC), is divesting its 32.26 percent stake in Buskowitz Energy. In a disclosure to the Philippine Stock Exchange (PSE), Vivant said Buskowitz Energy is a...
San Miguel-led SMC Tollways Corporation is planning to raise up to P35 billion from a proposed bond issuance to fund and support the continued expansion and operation of the Skyway System. Philippine Rating Services Corporation (PhilRatings) said it has assigned SMC Tollways’ planned issuance...
San Miguel-led New NAIA Infra Corporation (NNIC), the new private operator of the Ninoy Aquino International Airport has launched the official website and social media pages of NAIA as the transformation of the Philippines’ primary gateway begins. The new website, www.newnaia.com.ph, focuses on...
Chinabank has made it in TIME World’s Best Companies of 2024, a ranking of the top 1,000 firms across the globe in terms of employee satisfaction, revenue growth, and ESG (environmental, social, and corporate governance) performance. This year's ranking, led by Apple, Accenture, and...
The local stock market closed lower on late profit-taking on heavyweights as investors continue to wait for word from the US Federal Reserve. The main index dropped 19.46 points or 0.27 percent to end at 7,155.90 with sectoral indices split. Volume dipped to 865 million worth P6.01 billion as...
