The local stock market jumped on positive news here and abroad. The main index rose 129.44 points or 1.83 percent to close at 7,215.13 as the Property and Mining and Oil counters led gains across the board. Volume was lower though at 854 million shares worth P5.95 billion as gainers swamped losers...
The local stock market pulled back after the previous session’s spike as COVID cases continue to mount. PSEI-NEW-PHOTO-1024x683 The main index dropped 54.98 points or 0.77 percent to close at 7,085.69 as the Mining and Oil counter led the retreat across the board. Volume improved to 878 million...
Smart_500x500 Smart Communications, Inc. partnered with leading 5G smartphone vendor Samsung to drive the development of 5G Standalone (5G-SA) technology in the Philippines. "5G SA creates new opportunities for enterprises and consumers, enabling industrial automation, autonomous mobile robotics...
Owners of former network giant ABS-CBN face a congressional inquiry in connection with the operations of its digital service firm Big Dipper, but that is if Deputy Speaker and Sagip Partylist Rep. Rodante Marcoleta succeeds in his Senate bid. Rep. Rodante Marcoleta Marcoleta played a major role in...
The local stock market started the week on a positive note on bargain hunting spurred by better jobs data. The main index surged 129.56 points or 1.85 percent to close at 7,140.67 as the Property and Financials sectors led the rally across the board. Volume was still low though at 745 million...
Century Pacific Food Inc., one of the leading food and beverage companies in the Philippines, is expanding its range of plant-based products under its pioneering vegan brand, unMEAT. In a disclosure to the Philippine Stock Exchange, CNPF said it has entered the dairy-free category with a cheese...
The Court of Appeals (CA) has thrown out a lower court ruling which had found merit to put to trial for estafa the Japanese pachinko king, Kazuo Okada, former Chairman and Chief Executive Officer of Okada Manila. In a decision dated Dec. 9, 2021 but obtained only recently, the CA also quashed a...
D.M. Consunji Inc. (DMCI), through the Philippine Disaster Resilience Foundation (PDRF), has provided logistical support to transport relief assistance to areas affected by Typhoon Odette. The leading engineering-based integrated construction company and PDRF’s member company shipped 90 gallons...
After a long-standing controversy with its owners, President Duterte has signed the laws granting new franchises for water concessionaires Maynilad and Manila Water, allowing the two firms to continue their operations for another 25 years in Metro Manila and nearby provinces. File photos Based on...
The local stock market closed slightly lower after bargain hunters bought up shares late in the session. Philippine Stock Exchange index (PSEi) The main index shed 5.88 points or 0.08 percent to close at 7,085.52 although only the Holding Firms counter managed to advance while the Services sector...
Affordable housing developer, Haus Talk, Inc. (HTI), is planning to expand its portfolio to include high-end, high-rise projects and commercial spaces. The firm is planning to raise as much as P750 million from its initial public offering (IPO) of 500 million shares priced at P1.50 per share. The...
SMART-PLDT Over 3.7 million customers of PLDT Inc. and Smart Communications Inc. shifted to paperless billing in the past two months as pandemic infections started surging. However, both telcos assured clients of continued service amidst the current tighter community restrictions. “We are fully...
