Despite robust outcome at its top line, the consolidated net income of leading oil player Petron Corporation posted a slight downturn in the first half to P6 billion from last year’s P6.14 billion in the same period. On the company’s operating income, this logged more favorable result with 8.0...
Security Bank Corporation announced that it has ended its P5-billion bond offer period early as volume significantly exceeded target. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the “prevailing market conditions also allowed the Bank to augment its returns to its...
VCDC’s Victor Consunji and Sta. Lucia Land’s Exequiel D. Robles Victor Consunji Development Corporation (VCDC), Philippines' premier real estate developer, redefines modern living with innovative home concept and the introduction of a new tagline and brand strategy, "Live Differently."...
The local stock market plunged with other regional bourses on growing fears of a US recession. The main index fell 170.57 points or 2.58 percent to 6,434.73 with the Industrial and Property sectors leading the retreat across the board. Volume rose to 638 million shares worth P5.64 billion as losers...
The Ayala group will be dangling a bundled package of renewable energy (RE) and electric vehicles (EVs) in its offer of contracts to targeted customers in the space being served by retail electricity suppliers (RES) in the restructured power sector. With its suite of service-offers that will not...
Axelum Resources Corporation, a manufacturer and exporter of coconut products, reported a 265 percent jump in net income to P208 million profit in the first half of the year from a loss of P126 million in the same period of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Motorists will have another week of just slightly happy drive to the pumps this week as the price of diesel products will be on rollback by marginal P0.20 per liter; while gasoline prices will be reduced by a token P0.10 per liter. Additionally, kerosene products will be slashed by relatively...
State-run Clark Development Corp. (CDC) announced that Taiwanese firm BB International Leisure and Resort Development Corp. (BBILRDC) is expanding its investments in Clark, Pampanga. In a statement, Agnes VST Devanadera, CDC president and chief executive officer, said that BBILRDC is injecting an...
The SM Group is providing the opportunity for local farmers and entrepreneurs to step onto a bigger stage through its SM Weekend Market. Developed as a collaborative effort between SM Foundation and SM Supermalls, this initiative is not just about commerce; it's a strategic move to integrate...
Local stocks are seen to be ripe for bargain hunting during the first week of the Chinese Ghost Month, but investor sentiment will be swayed mainly by a slew of important economic data and corporate earnings reports. “The local market is still deemed to be undervalued and, with the two-week...
Megaworld Corporation, the flagship real estate firm of tycoon Dr. Andrew Tan, is investing P12 billion to develop a 25-hectare integrated active wellness township through a partnership with the group behind The Farm at San Benito in Lipa, Batangas. In a statement, Megaworld said San Benito Private...
A delivery timeframe of at least 3-5 years is being sought on the plan of the Department of Energy (DOE) for capacity tender of integrated renewable energy and energy storage system (IRESS) in the forthcoming green energy auction (GEA) round. In an interview with reporters, ACEN Corporation...
