Unicapital Securities, Inc. sees the local stock market turning the corner in the second semester from the weakness in the first half and forecasts the Philippine Stock Exchange index (PSEi to rise to 7,100 by year-end although this is lower than its projection of 7,800 earlier this year. After...
Megaworld Hotels & Resorts, a unit of township developer Megaworld Corp. and the country’s largest hotel developer, is opening seven new hotels to grow its nationwide portfolio by 50 percent to 9,000 hotel room keys by 2030. In a disclosure to the Philippine Stock Exchange, Megaworld said these...
Top township developer Megaworld Corp. sustained its growth momentum with first-half and second-quarter earnings reaching historic levels as its hotel, office, and mall businesses led all its units forward. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its net income for the...
The local stock market will be taking cues from several Philippine economic reports—including inflation, jobs, and gross domestic product (GDP)—as well as corporate earnings while the recent weakness of the peso and concern over United States (US) tariffs will continue to cast a shadow over...
Investors are closely watching President Marcos ' State of the Nation Address (SONA) and second-quarter earnings reports, while concerns about United States (US) tariffs and recent typhoon damage weigh on sentiment. “The local market made a comeback last week, regaining its ground above the...
Tanco-led online gaming firm Digiplus Interactive Corporation has launched a ₱6 billion share buyback program to show confidence in the company’s prospects and to support its share price, which has slid following concerns over possible government measures to limit access to its popular games....
Township developer Megaworld Corporation is venturing into the ultra-high-end real estate market in recognition of the growing opportunities in this segment, which continues to enjoy brisk sales and resilience even during challenging times. During the firm’s annual stockholders’ meeting,...
Top influencers of investor sentiment this week will be the possible rate cut by the Bangko Sentral ng Pilipinas, overseas Filipino remittances, US-China trade talks, and the increasing tension in the Middle East. “The local market managed to extend its climb last week, backed by optimism on...
Currently savoring the positive impact of its recently acquired Compose Coffee in South Korea, Asian food and beverage giant Jollibee Foods Corporation is reportedly acquiring Korean fried chicken chain owner Norang Food for $95 million in August this year. According to The Korea Times,...
Property giant Megaworld Corp. has embarked on the almost total renovation of its pioneering township Eastwood City, which will include a facelift of the mall and other commercial areas, hotel, and office buildings. The ₱2.5-billion redevelopment of the 28-year-old Eastwood City, the company’s...
Bloomberry Resorts Corp., billionaire Enrique K. Razon Jr.’s leisure and gaming business, has soft-launched its new online gaming platform MegaFUNalo, featuring free Viva movies as an added bonus to players. The firm took out full-page ads in major newspapers to announce the soft launch and its...
The advertising industry will be the clear winner when more casino operators try to jump on the online gaming bandwagon since these new players will have to spend billions of pesos monthly just to get a foot into the market and take some market share away from the first movers. Unicapital...
