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Philippines
Tuesday, September 24, 2024

Jenniffer B. Austria

Stock index tops 6,500 ahead of inflation data

The country’s main composite index breached the 6,500 level Thursday ahead of the release of June inflation rate data. The bellwether Philippine Stock Exchange index...

Lucio Co’s Cosco buys Matuno hydro

Cosco Capital Inc. of businessman Lucio Co is expanding its renewable business with the acquisition of 100 percent of Matuno River Development Corp. (MRDC). Cosco...

BPI prepares to issue P5-b ASEAN sustainable bonds

Bank of the Philippine Islands (BPI), the lending arm of the Ayala Group, on Thursday announced plans to issue at least P5 billion worth...

SEC lifts trading suspension on Sy-led Dominion Holdings

The Securities and Exchange Commission (SEC) lifted the suspension of trading on Sy-led listed firm Dominion Holdings Inc. (DHI) after more than four months. DHI...

PH stocks rise on Fed comment

Philippine stocks rose Wednesday as positive comments from US Federal Reserve Chairman Jerome Powell boosted hopes that US rate cut would likely happen soon. The...

DD expects $100-m sales of hotel unit abroad

DoubleDragon Corp. said it expects to generate up to $100 million (P5.8 billion) in overseas hotel unit sales over the next 12 months. DoubleDragon said...

PH stocks decline ahead of Powell’s speech at CB forum

Philippine stocks edged lower for second straight trading day ahead of US Federal Reserve chair Jerome Powell’s speech at the European Central Bank forum. The...

Okada Manila operator drops plan to acquire Uy’s Cebu casino

Japan’s Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the operator of Okada Manila, canceled its agreement to acquire Dennis Uy’s unfinished hotel and casino...

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