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Market extends losses as inflation quickens
The stock market extended its losing streak yesterday, closing the week in the red as inflation accelerated for a second straight month in March......»»
UnionBank to kick off P10-B stock rights offer
The stock rights offering of Aboitiz-led Union Bank of the Philippines is set to kick off in May to raise as much as P10 billion to fund the capital infusion of its digital bank and for other general purposes......»»
8990 Holdings expands buyback limit to P7-B of stock
8990 Holdings disclosed that its board of directors voted to “expand” a P2 billion stock buyback program that was originally established back in 2019, which was then suspended during the pandemic to conserve cash......»»
Union Bank board approves P10-B stock rights offering
The board of directors of Union Bank approved a plan to conduct a stock rights offering to raise up to P10 billion to “fund the capital infusion to UnionDigital” and for “projected retail loan availments”......»»
Dito shaves losses by P5.6 billion in 2023
Dito Telecommunity Corp. is making progress in its push to nurse its bleeding as it was able to slash its net loss by P5.6 billion in 2023......»»
HMOs incur higher P4.3 billion losses in 2023
The health maintenance organization industry suffered a bigger net loss of P4.3 billion in 2023, marking the second straight year of a weak bottomline, as benefits and claims by its members soared......»»
Agriculture losses due to El Niño hit P1.23 billion
The agriculture sector has suffered P1.23 billion worth of damage due to the El Niño phenomenon since January, the National Disaster Risk Reduction and Management Council said yesterday......»»
Maynilad pouring in P2.7 billion for water loss reduction plan
Maynilad Water Services Inc. will spend P2.7 billion until 2027 to reduce water losses by replacing its aging pipe network and stifling the rampant illegal connecti.....»»
Boulevard Holdings sells 1.5-B shares to ownership group
Boulevard Holdings advised that its stockholders approved a measure to increase BHI’s authorized capital stock from 17 billion shares to 18.5 billion shares, and to sell the 1.5 billion shares to a company called Puerto Azul Landn Inc., which is also owned and controlled by the Panlilio family......»»
Why Mark Bautista declined and then accepted job to direct Mr. Streisand
Known primarily as a pop singer and TV/film/stage actor, Mark Bautista is embracing the challenge of directing a unique concert that features Philippine theater's best male singers performing Barbra Streisand songs......»»
PSEi back to 6,600 level on Wall Street gains
The Philippine stock market sustained its strength yesterday, returning to the 6,600 mark......»»
Diving tourism contributes 1.3 bln USD to Philippine economy in 2023
MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»
Diving tourism contributes 1.3 bln USD to Philippine economy in 2023
MANILA, Feb. 23 (Xinhua) -- Diving tourism contributed more than 73 billion pesos (1.3 billion U.S. dollars) to the Philippine economy in 2023, nearly twice the revenue the industry earned in 2022, the country's Department of Tourism said Friday. Diving tourism raked 37 billion pesos (661 million dollars) in revenue in 2022, Tourism Secretary Christina Garcia Frasco said at the Philippine International Dive Expo.....»»
Stock trading made easier for local small investors
The Philippine Stock Exchange Inc. has rolled out new features that seek to make initial public offering and follow-on offering (FOO) subscription more accessible and efficient for investors......»»
The growing and important retail investor base
In the dynamic realm of the Philippine Stock Exchange, retail investors who may be described as ordinary individuals engaging in stock investments, play an indispensable role in contributing to market vibrancy and diversity......»»
Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
Belle to start P5.3 billion tender for PLC shares
Belle Corp., one of the portfolio investments of the Sy family’s SM Investments Corp., will start tomorrow its P5.3 billion tender offer to buy out the minority shareholders of subsidiary Premium Leisure Corp. , which will result in the latter’s delisting from the Philippine Stock Exchange......»»
CPG raises P2 billion from share offer
Century Properties raised P2 billion from the listing of its Series B preferred shares on the Philippine Stock Exchange......»»
A Brown gets green light for P1.5 billion share offer
A Brown Co. Inc. has secured approval from the Philippine Stock Exchange to raise up to P1.5 billion through a preferred shares offering......»»
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......»»