DigiCo, a digital entity owned by businesses led by Manuel V. Pangilinan or the MVP Group, has sealed separate agreements to acquire a 10 percent interest in Bayad Center and 100 percent of Multipay Corporation for a yet undisclosed amount. "Having both online and offline solutions, Bayad and...
The typhoon-induced torrential rains and flooding incidents in recent days might have plunged many Filipinos into a new realm of financial hardship - including those in Metro Manila, but the rollback in oil prices this week is expected to bring much needed relief to consumers’ squeezed budgets in...
Jollibee Foods Corporation is re-evaluating its planned P8 billion preferred share offering to downsize it or opt for more flexible bank loans in light of its stronger cash flow and the expected interest rate cuts in the coming months. In an interview, Jollibee Chief Finance Officer Richard Shin...
Concepcion Industrial Corporation (CIC), the country's leading provider of consumer lifestyle and enterprise solutions, reported that its consolidated earnings doubled to P726.7 million in the first half of 2024 due to higher revenues and margins. In a disclosure to the Philippine Stock Exchange,...
Stocks market investors will be looking mainly towards the US Federal Open Market Committee meeting and corporate earnings reports for cues this week even as there remains more room for bargain-hunting amid improving trading data. “The local market has already exhibited a golden cross as its...
Over 1,400 new workers are needed by four Japanese companies with manufacturing facilities inside the First Philippine Industrial Park (FPIP) economic zone in the cities of Santo Tomas and Tanauan in Batangas. Prospective employees wait for their turn to fill up application forms during the recent...
State-run firms Philippine National Oil Company (PNOC) and the National Power Corporation (NPC) have inked a memorandum of understanding (MOU) that will cement their collaboration on setting up a pilot project for the rollout of hybrid systems leaning on solar and wind farms in energizing off-grid...
The PSEi ended the week on positive footing after Typhoon Carina finally left the country. The main index rose by 55.74 points or 0.84 percent to close at 6,726.01 led by the Property sector with only Miners in the red. However, volume remained tepid at 924 million shares worth P4.37 billion as...
The Energy Regulatory Commission (ERC) is scheduling next week the deliberations on the deferred cost recoveries of liquefied natural gas (LNG) that First Gen Corporation had utilized for electricity generation at its gas-fed power plants in Batangas. As full pass-on of LNG costs had not been...
Philex Mining Corporation, a member of the MVP Group through First Pacific Co., reported a 42 percent fall in core net income to P410 million in the first half of 2024 from the P702 million earned in the same period last year due to dwindling ore reserves at its Padcal Mine. In a disclosure to the...
Local share prices fell in the aftermath of Typhoon Carina even as sentiment was also dampened by weaker US markets. The main index lost 82.85 points or 1.23 percent to close at 6,670.27 as Miners led the drop across the board. Volume was weak at 553 million shares worth P3.98 billion as losers...
Jollibee Foods Corporation, one of the largest Asian food service companies, is not planning to bring recently-acquired Compose Coffee to the Philippines over the next five years as it will be focusing on growing the brand’s market share in South Korea. In an interview, Jollibee Chief Finance...
