The Sy family’s flagship SM Investments Corporation has successfully raised $500 million via a drawdown from its $3 billion multi-issuer Euro Medium-Term Notes (EMTN) program, established in May this year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the notes will be...
The PSEi gained on higher US stocks and stable economic forecasts for the Philippines. The main index added 20.62 points or 0.31 percent to close at 6,687.71 with Miners rallying although sectoral indices were evenly mixed. Volume dipped to 694 million shares worth P4.22 billion as...
Solaire Resort North, the second integrated resort and casino of billionaire Enrique K. Razon Jr.’s Bloomberry Resorts Corporation, is enjoying strong patronage of its food and beverage outlets just weeks after its opening. In an interview, Solaire Communications and Public Relations Director Joy...
Listed firm Citicore Renewable Energy Corporation (CREC) is stepping up in a big way on adding renewable energy (RE) capacity to the country’s power supply, with 1.3 gigawatts (1,300 megawatts) ramp up on its solar operating facilities by yearend until early part of 2025. In a briefing with the...
The Philippine Stock Exchange (PSE) has warned Metro Global Holdings Corporation (MGH), a firm controlled by Robert John L. Sobrepeña, that its shares will be delisted in the first week of the ghost month if it fails to increase its public ownership. In a memorandum to stock market...
RL Commercial REIT Inc. (RCR) and its sponsor, Robinsons Land Corporation, consummated on July 16, 2024, their third property-for-share swap transaction worth P33.92 billion, although regulatory approval is still needed to complete the deal. In disclosures to the Philippine Stock Exchange (PSE) on...
By James A. Loyola The local stock market ended weaker after some gains early in the day after investors started pocketing profits. The main index lost 22.28 points or 0.33 percent to close at 2,697.04 with Banks leading the retreat. Volume was firm at 352 million shares worth P5.41 billion as...
By JAMES A. LOYOLA Top conglomerate SM Investments Corporation of the Sy family received seven prestigious awards at the 14th Asian Excellence Awards, organized by Corporate Governance Asia magazine. SM Investments Corporation clinches seven awards at Corporate Governance Asia's 14th Asian...
By JAMES A. LOYOLA The Sy siblings’ holding company SM Investments Corporation is planning a dollar-denominated benchmark-sized Regulation S offering of five-year senior notes through subsidiary by SMIC SG Holdings Pte. Ltd. In a disclosure to the Philippine Stock Exchange (PSE), SMIC said...
The local stock market ended the day higher but below the 6,700 level which it breached in the morning, as investors anticipate rate cuts in the US and Philippines. The Philippine Stock Exchange index (PSEi) added 41.14 points or 0.62 percent to close at 6,689.37 with the Property sector leading...
The Department of Finance (DOF) has announced its plan to mobilize billions of pesos of dormant funds held by state-owned corporations to bolster government efforts in health, social services, and infrastructure development. In a statement on Monday, July 15, the DOF said that tapping into these...
By MYRNA M. VELASCO Consumers can enjoy temporary relief in their pockets this week as the price of petroleum products will be on downtrend due to softening of prices in the world market. As announced by the oil firms, the price of diesel products will be on P0.95 per rollback; while gasoline...
