The Philippine Stock Exchange (PSE) intends to keep Chairman Jose T. Pardo on its board of directors, no longer as an independent director but as a non-broker director representing other market participants, when it holds its board elections during its annual stockholders’ meeting (ASM) on July...
West zone concessionaire Maynilad Water Services Inc. has begun partially operating its new raw water reservoir at La Mesa water treatment plant (WTP) in Quezon City, allowing the facility to store up to 67 million liters of raw water to help stabilize supply during the dry season. In a statement...
Domestic lenders sought higher yields due to political uncertainty, such that the government fell short of its planned up to ₱33-billion borrowing from short-dated debt paper on Monday, May 18. The Bureau of the Treasury (BTr) raised just ₱25.4 billion during its latest treasury bills...
For France, food has long been more than cuisine. It is identity, ritual, diplomacy, and soft power all at once. This month, the Embassy of France to the Philippines and Micronesia once again brought that philosophy to Manila through “Goût de France” (Taste of France), the annual gastronomic...
Universal Robina Corp. (URC), the Gokongwei Group’s food and beverage unit, is targeting mid-single-digit growth in revenues, while earnings before interest and tax (EBIT) are seen rising at a faster pace, although it remains wary that a prolonged war in the Middle East could affect consumer...
MacroAsia Corp., the aviation and food services arm of taipan Lucio Tan’s business empire, signaled a cautious outlook for the remainder of the year as surging operating costs and new lease-related accruals weighed on its bottom line despite record-breaking revenue. The firm reported a 48.5...
Global-Estate Resorts Inc., the tourism and leisure subsidiary of billionaire Andrew Tan’s Megaworld Corp., plans to hand over ₱11 billion worth of residential and commercial projects this year as demand for property outside Metro Manila remains resilient. The firm said in a report to the...
The Marcos Jr. administration fell short of its planned ₱31-billion borrowing on Monday, May 4, as demand dropped significantly for short-dated debt papers amid rising interest rates following the Bangko Sentral ng Pilipinas (BSP) policy hike. The Bureau of the Treasury (BTr) raised only ₱28.1...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
Rising uncertainties fueled by the United States-Iran conflict dampened lender demand on Tuesday, April 28, causing the Marcos administration to fall short of its ₱40 billion borrowing target for short-dated government securities. The Bureau of the Treasury raised only ₱25 billion, leaving a...
The Quezon City government on Wednesday, April 22, cautioned residents against individuals illegally offering paid assistance in the processing of Persons with Disability (PWD) IDs, senior citizen IDs, and purchase booklets. Authorities stressed that such fixer activities are strictly prohibited...
The national government fully awarded its offer of seven-year Treasury bonds on Tuesday, April 21, though appetite for the debt cooled as investors braced for the potential interest rate hike by the central bank. The Bureau of the Treasury raised the programmed ₱20 billion from the auction of the...
