The local stock market pauses from its recent slide as investors anticipate that interest rate cuts are coming soon. The PSEi added 12.73 points or 0.19 percent to close at 6,619.09 with the Mining sector leading the advance while the Property counter lagged behind. Volume rose to 421 million...
Meralco PowerGen Corporation, the power generation investment arm of Manila Electric Company (Meralco), has shortlisted two bidders for the transmission connection that will transport the capacity of its P190 billion Terra Solar project upon reaching commercial operations by 2026. MGen President...
SM Investments Corporation said its subsidiary SM Retail’s The SM Store and The Coffee Bean and Tea Leaf (CBTL) are embarking on an ambitious plan to complete the rollout of in-store cafes across all 78 branches of SM Store by 2026. In a statement, SM said this strategic expansion aims to...
The newly collected data from the completed seismic surveys of Israeli firm Ratio Petroleum and state-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) will enable a comprehensive assessment of the actual reserves’ potential for oil and gas at their service contracts in the...
Robinsons Land Corporation (RLC), the property development arm of the Gokongwei Group, said the first tower of RLC Residences’ Mira is already 80 percent sold just four months after its launch in April. In a disclosure to the Philippine Stock Exchange (PSE), RLC noted the strong sales has...
Local share prices declined further as investors wait for more news that will point to when interest rates will start going down. The main index dropped 42.87 points or 0.64 percent to close at 6,606.36 as Banks continued to lead the retreat while the Industrial and Services sectors recovered some...
PH1 World Developers (PH1WD), the property development arm of Megawide Construction Corporation, has secured a P500-million loan agreement with Bank of the Philippine Islands (BPI) for the development of its Northscapes project in San Jose Del Monte, Bulacan. In a statement, the firm said the fresh...
PLDT Global Corporation, the international arm of the Philippines' leading integrated telco PLDT Inc., has signed a Memorandum of Understanding (MOU) with Bru-Haas (B) SDN BHD to enhance subsea connectivity. In a statement, PLDT said this MOU represents a significant milestone in the ongoing...
Filinvest REIT Corporation (FILRT), the real estate investment trust of the Gotianun Group, has entered a lease expansion contract with New Zealand-based Building Engineering and Design Co. (BEDC). In a disclosure to the Philippine Stock Exchange (PSE), the firm said BEDC is a leading...
Local share prices fell on profit-taking following gains made last week. The main index lost 76.78 points or 1.14 percent to close at 6,649.23 as Banks led the retreat while Industrials managed to buck the trend. A total of 658 million shares worth P5.06 billion changed hands as losers beat gainers...
Jollibee Foods Corporation (JFC), one of the largest food service companies in the world, is reducing its 2024 capital expenditure budget by 20 percent and has withdrawn its application to offer and list up to eight million preferred shares worth P8 billion. In a disclosure to the Philippine Stock...
Jaime Z. Urquijo, Ayala Corporation’s Chief Sustainability Officer As the effects of climate change are steadily becoming more tangible, we all too often hear one corporation after another pledging to enact more sustainable practices. Yet Ayala Corporation is moving the goalposts further, with...
