Stocks weaken after Fed meeting
The PSEi lost a few more points on belief that the US Federal Reserve will continue raising rates to combat inflation.The main index shed 13.33 points or 0.20 percent to close at 6,685.90 as the Prop
0评论2023-03-03298
CPGI PHirst expands market with launches worth P15.8 B
PHirst Park Homes, Inc. (PPHI), the affordable housing unit of Century Properties Group Inc. (CPGI), is expanding into the socialized, economic, and mid-income residential markets with initial launch
0评论2023-03-03712
ALI to raise P60 B from bonds, bank loans
Real estate giant Ayala Land Inc. is looking to raise about P60 billion from bond issuance and bank loans to help fund its P85 billion capital expenditures for the year as well as for the refinancing
0评论2023-03-03349
FNI unit to continue mining in Brooke’s Point
Ipilan Nickel Corporation (INC), a subsidiary of diversified conglomerate Global Ferronickel Holdings, Inc. (FNI), is authorized to continue mining operations at its site in Brooke’s Point, Palawan u
0评论2023-03-03684
ANI to raise at least P5 B for capex
AgriNurture Inc., the publicly-listed agribusiness firm led by Antonio Tiu, is pushing through with its planned P280 million stock rights offering (SRO) as part of plans to raise around P5 billion fo
0评论2023-03-03168
Stocks continue downward trek
The local stock market continued to fall, weighed down by weaker US equity markets last week.The main index lost 86.56 points or 1.3 percent to close at 6,599.34 as the Services sector led the retrea
0评论2023-03-03748
AREIT profit rise 19% to P2.9 B
AREIT, Inc. (AREIT), the real estate investment trust sponsored by Ayala Land Inc., posted a 19 percent growth in net income to P2.9 billion last year from P2.43 billion in 2021.In a disclosure to th
0评论2023-03-03171
LPG leaders unite to strengthen industry’s role
The local LPG (liquefied petroleum gas) industry is staging its largest summit as they seek to strengthen their role in the changing energy landscape.
Former LPGMA Party-list Representative and Republ
0评论2023-03-03636
Megaworld profit inches up 7% to P15.4 B
Township developer Megaworld Corporation reported a 7 percent improvement in net income to P15.4 billion last year from P14.4 billion in 2021, boosted by double‐digit revenue growth across all of its
0评论2023-03-03317
Megawide, EDC to build P16.5 B data center
Megawide Construction Corporation is teaming up Singapore-based Evolution Data Centres (EDC) to design, build and operate a P16.5 billion carrier-neutral data center in the Philippines.
In a dis
0评论2023-03-03560
Stocks stop slide on good earnings reports
The local stock market took a breather from its downward trend as investor sentiment was buoyed by positive corporate earnings reports.
The main index rose 50.93 percent or 0.78 percent to close at
0评论2023-03-03612
PSBank profits rise to record high
Philippine Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, reported that its net income shot up 139 percent to a record-high P3.68 billion in 2022 from the P1.54 billion earned
0评论2023-03-03434
AyalaLand Logistics posts P1-B net income
AyalaLand Logistics Holdings Corporation (ALLHC), a subsidiary of Ayala Land, Inc. (ALI), registered a 29 percent growth in net income to P1.01 billion last year on account of resilient operations an
0评论2023-03-03779
2GO Group to delist from PSE
The Philippine Stock Exchange has granted the request of 2GO Group Inc. for a voluntary suspension of the trading of its shares after it announced a plan to voluntary delist its shares from the bours
0评论2023-03-03262
Stocks lose most of the day’s gains
Local share prices were higher but much lower than the day’s peak as investors wait for cues from economic data due in coming days.
The main index inched up 15.32 points or 0.23 percent to close at
0评论2023-03-03678
MacroAsia partners with Chinese firm for expansion
MacroAsia Corporation, the airline logistics unit of the Lucio Tan Group, has signed a Strategic Cooperation Agreement with Weihai Guangtai Airport Equipment Co. Ltd. which includes the supply of P12
0评论2023-03-03561