Atlas Consolidated Mining and Development Corporation, a copper producer controlled by the Ramos family and the SM Group, reported a 158 percent surge in net income to P2.07 billion in the first half of 2024 from P803 million in the same period last year. In a disclosure to the Philippine Stock...
Real estate giant Ayala Land Inc. (ALI) has successfully raised P20.5 billion through its pioneering Sustainability-Linked Financing (SLF) Program after securing a loan from the International Finance Corporation (IFC). Management Committee Members and Executives of Ayala Land, Inc., Securities and...
Fiber broadband provider Converge Information and Communications Technology Solutions Inc. and ABS-CBN Corporation’s Sky Cable Corp. have entered into a commercial arrangement that will allow Sky to upgrade its network and improve services to its subscribers. In a disclosure to the Philippine...
Sentiment at the local stock market is still seen to be buoyed by expectations of a rate cut although some stocks may be vulnerable to profit-taking following recent gains. “We continue to see a build up in positive momentum for the local bourse as it extends its rally to a fourth straight week....
Billionaire Henry Sy Jr.’s Data Lake Incorporated and Comclark Network and Technology Corporation of tycoon Dennis Anthony Uy have inked a memorandum of agreement (MOA) to expand the coverage of Starlink in the Philippines. From Left: Data Lake COO Jose Cobarrubias, Data Lake Vice Chairman...
The local stock market ended the week on positive footing as share prices jumped due to an improving economic picture. The main index jumped 86.68 points or 1.29 percent to close at 6,791.69 with Banks leading the rally as Miners lagged behind. Volume rose to 587 million shares worth P6.84 billion...
Pangilinan-led PXP Energy Corporation has formally secured the approval of the Department of Energy (DOE) for the relinquishment of its interest in a petroleum block in the Northwest Palawan basin that was previously awarded under Service Contract (SC) 74. “The DOE has approved the surrender of...
After two-and-a-half years, resorts owner Discovery World Corporation (DWC) of the Tiu family has given up on its foray into the cryptocurrency and non-fungible token (NFT) space by selling its investment vehicle. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of...
The local stock market edged up on cautious trading, bringing the PSEi back to the 6,700 level as the peso strengthened against the US dollar. The main index rose by 17.30 points or 0.26 percent to close at 6,705.01 as Banks led the advance although half of the sub-indices retreated. Volume was low...
Clark Water, a subsidiary of Manila Water Philippine Ventures, is ramping up its efforts to combat rising energy costs and reduce its carbon footprint by expanding its solar power infrastructure. In a statement, Lyn Zamora, Clark Water’s general manager, said the water and wastewater service...
Aboitiz Power Corporation subsidiary Therma Luzon Inc. (TLI) has entered 17 Corporate Social Responsibility (CSR) projects for communities inside its host province of Quezon and host Municipality of Pagbilao, in cooperation with various project partners and beneficiaries. AboitizPower...
PHINMA Property Holdings Corporation, owned by the Del Rosario family, is building a new township called Saludad in Bacolod City to capitalize on the potential of emerging regions. In a statement, the firm said it is expanding its footprint to reach new customer bases, address unmet housing needs,...
