Filinvest Hospitality Corporation, a subsidiary of the Gotianun Group’s Filinvest Development Corporation, is expanding its standalone restaurant business by developing a 730-square-meter prime property in Camp John Hay, Baguio City. The firm said in a disclosure to the Philippine Stock Exchange...
Megawide Construction Corporation, an infrastructure and engineering firm led by tycoon Edgar Saavedra, has listed P5 billion worth of Fixed-Rate Bonds at the Philippine Dealing and Exchange Corp. (PDEx) after an oversubscribed public offering. In a disclosure to the Philippine Stock Exchange, the...
Yuchengco-led PetroGreen Energy Corporation (PGEC) has cemented a partnership deal with Japanese firm Isuzu Autoparts Manufacturing Corporation (IAMC) for the installation of 3.002-megawatt peak (MWp) solar rooftop solution at the latter’s manufacturing facility in Laguna. In a statement to the...
Gas and real estate firm Pryce Corporation reported a 61 percent jump in profits to a record high of P1.32 billion in the first half of 2024 from P819.68 million in the same period last year due to higher margins. In a disclosure to the Philippine Stock Exchange the firm said consolidated...
Ayala Corporation has firmed up plans to raise up to P15 billion from an offering of Preferred B shares with the filing of applications with the Securities and Exchange Commission and the Philippine Stock Exchange. In a disclosure to the PSE, the country’s oldest conglomerate said it has...
SM Supermalls, the retail leasing unit of Sy-led SM Prime Holdings Inc., reported a 27 percent improvement in foot traffic to an average of above four million daily visitors in the first quarter of 2024 from 3.3 million in the same period last year. In a statement, SM Investments Corporation...
In the bid of President Marcos for secure and reliable power supply in the country as he declared in his State of the Nation Address (SONA), leading player Aboitiz Power Corporation forthrightly stated that it will opt for a mix of conventional generating assets, renewable energy (RE) and the...
The local stock market rose after President Ferdinand R. Marcos Jr.’s State of the Nation Address despite the drop in property stocks due to the announced POGO ban. The main index rose by 41.07 percent or 0.61 percent to close at 6,753.12 as Conglomerates led the advance while the Property and...
Aboitiz Power Corporation reported a four percent dip in net income to P17.1 billion in the first half of 2024 from the P17.8 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the decline in profit is due to the recognition of...
President Ferdinand R. Marcos Jr.’s decision to ban Philippine offshore gaming operations (POGOs) may have little impact on most publicly-listed property developers, but it will affect the jobs and sales of businesses supporting the industry. “POGO operations have been reduced since the...
The local stock market dropped on profit-taking, prompted partly by the withdrawal of US President Joe Biden as candidate for reelection later this year. The PSEi lost 79.64 points or 1.17 percent to close at 6,712.05 with the Services sector leading the retreat while the Property and Mining...
Consumers will experience a mixed bag of adjustments at the pumps this week, as the price of diesel products will moderately roll back to P0.40 per liter, while gasoline prices will rise marginally to P0.10 per liter. For kerosene, it will also be in a favorable swing as the price of this commodity...
