No way to go but up
If you see some condominium construction projects on hold, then that is the pandemic finally taking its toll on the local property market......»»
ALI income falls 70% to P4.5 billion
Ayala Land Inc. reported a net income of P4.5 billion in the first half of the year, a huge drop of 70 percent from the previous year......»»
SM companies secure slots in global sustainability index
SM Investments Corp. continues to be recognized as a constituent company in the FTSE4Good Index Series for its strong Environmental, Social and Governance performance, securing its status for the second consecutive year......»»
Nuclear power in energy mix by year-end — DOE
The Department of Energy hopes to finalize the roadmap for the inclusion of nuclear power in the country’s energy mix by year-end after President Duterte signed an executive order supporting the Philippine nuclear energy program......»»
Telcos brace for greater capex pressure in 2021
Regulatory pressure and looming competition are likely to push telecommunication giants PLDT Inc. and Globe Telecom Inc. to further bolster spending next year, Fitch Ratings said......»»
Index ends in red for 5th straight week
Stocks ended yet another week in the red – the fifth straight week of losses – as the reimposition of a strict lockdown in the capital and a disappointing economic performance in the second quarter weighed heavily on investor sentiment, traders said......»»
RLC profit slips 8% to P3.7 billion in 6 months
Robinsons Land Corp.posted an eight percent decline in its first half net income to P3.7 billion due to the impact of the coronavirus pandemic......»»
San Miguel losses hit P4 billion in H1
Diversified conglomerate San Miguel Corp. incurred a net loss of P4 billion in the first half of the year, a hard landing from a P26.1 billion profit in the same period a year ago......»»
BPI raises P21.5 billion via first issuance of COVID-19 bonds
Bank of the Philippine Islands raised P21.5 billion through the first-ever COVID-19 bond offering at the domestic debt market, with proceeds aimed at helping micro, small and medium enterprises recover from the pandemic......»»
Desolation in the heart
NASA has launched its Mars 2020 Spacecraft to explore Mars and to determine if there is life in that planet......»»
Growth of money supply, bank loans softened in June
Domestic liquidity and bank loans grew at a slower pace in June, compared to the previous month, reflecting the subdued economic activities following the imposition of quarantine measures to contain the COVID-19 pandemic......»»
EEI, ACCIONA bag contract to build section of Malolos-Clark railway
EEI Corp. and foreign partner ACCIONA won a contract from the government to build one of the sections of the new railway that will link the city of Malolos in Bulacan province and Clark International Airport in Pampanga......»»
Businessmen call for reopening of economy
The Philippine Chamber of Commerce and Industry called for the full resumption of economic activities as the lockdown extension may worsen business woes and render recovery plan more difficult even with fiscal support......»»
Market retreats; ICTSI, Marcventures advance
The stock market retreated Friday on profit taking and a new China-US flare-up that also sent the rest of Asian stocks lower......»»
Fitch to evaluate PH credit rating following 16.5% GDP contraction in second quarter
Fitch Ratings said it will reevaluate the credit rating outlook for the Philippines after the government announced that the gross domestic product shrank 16.5 percent in the second quarter from a year ago......»»
US eyes tougher Wall Street rules for Chinese companies
New York---US officials on Thursday proposed toughening rules for Chinese companies listed on American stock exchanges as recent scandals have prompted concerns about the reliability of some of the firms' documents......»»
SMIC recognized in FTSE4Good Index Series for ESG performance
Conglomerate SM Investments Corp. has been recognized for the second straight year as a constituent company in the FTSE4Good Index Series for strong environmental, social and governance performance......»»
Emperador set to join 30-company PSE index
Liquor producer Emperador Inc. is set to join the 30-company Philippine Stock Exchange index in place of Semirara Mining and Power Corp......»»
BPI raises P21.5 billion from COVID response bonds
Bank of the Philippine Islands, the third-largest lender in terms of assets, said Friday it raised P21.5 billion from the sale of COVID Action Response Bonds as subscriptions reached seven times the initial planned issue size of P3 billion......»»
Ayala Land, Robinsons Land posted lower profits in first semester
Property developers Ayala Land Inc. and Robinsons Land Corp. registered lower profits in the first six months as the pandemic hurt their residential, mall and hotel operations......»»