Upscale property developer Arthaland Corporation of the Po family reported that its attributable net income fell 61 percent to P273.05 million in the first semester of the year from the P698.17 million earned in the same period of 2023. Based on the firm’s latest financial report filed with the...
EEI Corporation, one of the country’s top engineering companies, is seeking to diversify its business portfolio to include real estate, energy, healthcare, and off-shoring to provide a long-term hedge against the cyclical risk in the construction market. “To de-risk itself from construction,...
The local stock market increased amid strong trading as investors adjusted their portfolios while waiting for more economic indicators. The main index added 5.99 points or 0.09 percent to close at 6,897.54, with sectoral indices split evenly. Volume shot up to 1.74 billion shares worth P13.3...
While it is manifestly the major game in town for both local and foreign investors, Aboitiz Power Corporation is still seeing treacherous terrain when it comes to capital influx in the renewable energy (RE) sector. In his presentation at the Smart Forum 2024 convened by the European Chamber of...
Petron Corporation, the San Miguel group’s oil and gas subsidiary, has set the initial dividend rate for the P17 billion worth of preferred shares that will be issued after a follow-on offering. In a disclosure to the Philippine Stock Exchange, the firm said the initial dividend rate is 6.8364...
Local share prices weakened as investors take profits after the index failed to hold above the 7,000 resistance level. The main index lost 66.46 points or 0.96 percent to close at 6,891.55 as Conglomerates led the retreat although the Property and Mining counters stayed in the green. Volume was...
The Philippine Stock Exchange has approved Petron Corporation’s P17 billion follow-on offering of preferred shares which will kick off next week, on September 5, 2024. In a disclosure to the Philippine Stock Exchange, the San Miguel group’s oil and gas subsidiary said it is offering oup to 17...
State-run Small Business Corp. (SBCorp) has unveiled a special loan facility to provide financial assistance to micro, small, and medium enterprises (MSMEs) affected by Typhoon Carina. In a statement on Thursday, Aug. 29, SBCorp, the financing arm of the Department of Trade and Industry, announced...
Pangilinan-led PXP Energy Corporation has cemented tie-up with Australian and British firms for the bids it submitted for two petroleum blocks auctioned in the Sulu Sea basin by the Department of Energy (DOE) and the Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro...
The local stock market initially rose on the back of strong US equities but dipped after failing to hold its ground above the 7,000 level. The main index shed 15.4 points, or 0.22 percent, to close at 6,958.01, with sectoral indices equally split. Volume was weaker at 1.27 billion shares worth...
The local stock market ended with a marginal gain after failing to breach the 7,000 resistance level. The main index added 11.45 points or 0.16 percent to close at 6,973.41 although only the Property and Mining counters managed to advance. A total of 831 million shares worth P6.8 billion changed...
Gotinanun-led Filinvest Hospitality Corporation (FHC) is aiming to more than double the number of its hotel rooms in key destinations across the country as it sees both local and foreign tourist fueling the growth of the travel market. In an interview at the sidelines of the SharePHIL Investor...
