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GSIS acquires more shares in RCR

State-run pension fund Government Service Insurance System has raised its stake in the real estate investment trust of Gokongwei-led Robinsons Land Corp. over the past two months, bringing it to nearly 8.2 percent......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

SEC scraps minimum stockbroker commission

In its continuing efforts to boost capital market activity, the Securities and Exchange Commission has removed the minimum amount of commission that stockbrokers may charge their customers......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Villar lauds focus on faster ROW process

Senate Deputy Majority Floor Leader and former public works secretary Mark Villar had lauded President Marcos’ move to create an inter-agency committee to speed up the acquisition of rights-of-way (ROW), saying this will be crucial to managing the cost of vital rail transportation infrastructure project and in ensuring that timelines are met......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

GMA Network profit falls to P3.2 billion in 2023

Broadcast leader GMA Network Inc. was hit with a 42 percent decline in its profit in 2023, as the company endured a P3 billion drop in revenue in the absence of election placements......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Didipio mine on track to hit output target

Didipio gold mine is on track to hit its 2024 production guidance after producing over 26,000 ounces of gold and 3,000 metric ounces of copper in the first quarter, OceanaGold Corp. said......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

PSE readies delisting of Abra Mining

he Philippine Stock Exchange Inc. will initiate delisting proceedings against Abra Mining and Industrial Corp. after the Securities and Exchange Commission found that the company and some of its officials had illegally sold unissued and unlisted shares over a five-year period......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Ayala Land unit expands Pampanga housing project

Amaia Land, the affordable housing arm of property giant Ayala Land Inc., has expanded its community in San Fernando, Pampanga as demand continues to grow......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Apex Mining profit grows 2% to P3.4 billion

Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Holcim allots P2 billion for co-processing, RE shift

Cement maker Holcim Philippines Inc. is spending P2 billion over the next three years for co-processing and shifting to renewable energy in line with its commitment for sustainable manufacturing operations......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

The Turf Company offers special promo on 35th year

The Turf Company, the country’s leading provider of products and services to golf courses and other sports-themed recreation facilities, is going full swing with its special promotion next month in line with its 35th anniversary this year......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

No end in sight for ABS-CBN’s woes

Media giant ABS-CBN Corp. suffered a setback in its efforts to become profitable again, tripling its net loss to nearly P10 billion last year due to the impairment of some of its legacy assets......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

World Bank pushes new agri insurance products

The Philippines needs to come up with new and better agricultural insurance products to help farmers cope with natural disasters, according to the World Bank......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

FEF: Charter amendments to boost FDIs, clear policies

The proposed Charter amendments expanding foreign ownership rights in key sectors could attract more foreign direct investments into the country and help drive economic growth, according to the Foundation for Economic Freedom......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

‘High level of Phl economic performance despite…’

From 2010 to the present – minus the worst year of the lockdown period of the pandemic in 2019 – Philippine economic growth performance has been consistently high, at an average of 6.4 percent......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Metro Retail net income down in 2023

Earnings of Metro Retail Stores Group Inc., the listed retail company of the Gaisano Group, fell by a third last year on flat sales......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Fruitas raises P200 million from corporate notes

Fruitas Holdings Inc. has completed its maiden private placement, raising P200 million from the issuance of corporate notes......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

GSIS raises RCR take to 8.18%

The Government Service Insurance System has increased its stake in the Gokongwei-owned RL Commercial REIT to 8.18% through the purchase of over 790 million shares of RCR over the past 60 days......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Fruitas raises P200-M through sale of corporate notes

Fruitas disclosed that it sold P200 million worth of corporate notes in a private placement to banks and institutional investors......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

Vista Land FY23 profit: P10.3-B (up 39%)

Vista Land and Lifescapes posted an FY23 net income of P10.3 billion, up 39% from its FY22 net income of P7.4 billion......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News

VistaREIT amends its disclosure, cumulative divs reach 90% of distributable income

Yesterday, I wrote about the VistaREIT Q4 dividend, and how (despite its gargantuan size) it was insufficient to drag VREIT’s cumulative FY23 dividends up above 90% of its reported distributable income for FY23 as required by the REIT Law......»»

Source: Philstar PhilstarCategory: Finance3 hr. 48 min. ago Related News