Global stocks struggle after tech selloff; dollar rises
European stocks pared an early gain and Asian equities nudged lower as investors weighed the latest headwinds to technology companies and prepared for a...
Meralco criticized for using power outage threat to push for approval of power supply...
An energy research institution has criticized distribution utility Manila Electric Co. (Meralco) for pushing for the approval of power supply agreements (PSAs) with coal-fired...
Stocks pulled down by US rate hike fears
By Arra B. Francia
Stocks bled on Tuesday, March 20, pulled down by fears on a rate hike by the United States Federal Reserve accompanied...
Chelsea Logistics updates business description to add infrastructure, utilities
Chelsea Logistics Corp. (CLC) has amended its articles of incorporation to include infrastructure facilities and utilities as its businesses.
The shipping and logistics company said...
Philippines’ first panda bond sale receives ‘overwhelming demand’
THE GOVERNMENT raised 1.46 billion renminbi (RMB), or about $230 million, on Tuesday, March 20, from its maiden "panda" bond offer, receiving an "overwhelming...
BDO president re-elected as head of BAP
The Bankers Association of the Philippines (BAP) re-elected its current president Nestor V. Tan for another term.
In a statement on Tuesday, BAP said Mr....
GSIS extends submission of application for multi-asset strategy fund managers
Government Service Insurance System (GSIS) said it extended its multi-asset strategy program to last another month until April 13 as it wants to receive...
Philab acquires local pharmaceutical firm for P390.6 million
Philab Holdings Corp. is acquiring a 67% stake in local pharmaceutical firm Sydenham Laboratories, Inc. (SLI) for P390.6 million.
In a disclosure to the stock...
Cebu Landmasters’ 2017 profit surges 66% to P1.29 billion
Cebu Landmasters, Inc. (CLI) delivered a 66% increase in net income in 2017, allowing it to breach its profit target of P1.2 billion for...
LBC acquires two logistics firms
LBC Express Holdings, Inc. (LBC) is propping up its logistics business with the acquisition of two firms on Tuesday, March 20, valued at a...
Alibaba doubles investment in Southeast Asia e-commerce firm Lazada
Shanghai, China -- Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2...
Araneta Center eyes completion of P3-billion Cubao office tower by October
Araneta Center, Inc. (ACI) looks to complete its P3-billion office tower in Cubao, Quezon City by October, banking on business process outsourcing (BPO) firms...