Job concerns weigh down PSEi
THE MAIN INDEX closed the week in the red to end seven consecutive days of gains as the country’s unemployment rate surged, dampening market...
Weak demand drags Asia CEOs’ rise from pandemic
MORE than half of surveyed business leaders in Asia identified lower demand for products and services as the greatest obstacle for business viability as a result of the pandemic, a new report showed on Thursday.
Coca-Cola strengthens digital platforms to drive demand
COCA-COLA Beverages Philippines, Inc. is boosting its digital platforms to cope with changing consumer behavior due to the coronavirus disease 2019 (COVID-19) pandemic.
CLLEx Tarlac-Cabanatuan partially open by December
THE Department of Public Works and Highways (DPWH) on Thursday said about 83% of the 30-kilometer Tarlac-Cabanatuan segment of the P14.94-billion first phase of the Central Luzon Link Expressway (CLLEx) is expected to open by December.
Pandemic prompts delay in some ATI projects
LISTED port operator Asian Terminals, Inc. (ATI) said the execution of some of its expansion programs, with a budget of about $90 million, is being delayed due to the coronavirus pandemic.
New stores boost AllHome income
EARNINGS of AllHome Corp. surged 30% in the first quarter as it recorded higher sales from opening new stores last year.
Aboitiz power unit to disconnect from Meralco
THERMA Mobile, Inc. will disconnect from the distribution system of Manila Electric Co. (Meralco) and will quit trading at the wholesale electricity spot market starting mid-July, its parent firm told the stock exchange on Thursday.
‘Unscathed’ Phoenix reports positive April, May results
Phoenix Petroleum Philippines, Inc. has stayed relatively unscathed, the Davao City-based oil company said, as the coronavirus pandemic persists to challenge an industry that has suffered from a slump in consumer demand.
Aboitiz backs rapid testing in Batangas
THE Aboitiz Group is supporting the government’s mass testing efforts with the donation of 4,400 rapid test kits in Batangas to help fight the spread of the coronavirus disease 2019 (COVID-19) in the province.
Solar industry seeks digital shift in stimulus package
LEADERS of the Philippine Solar and Storage Alliance (PSSEA) have appealed to lawmakers for a stimulus package that covers what they call the greening and digitization of the energy infrastructure.
How PSEi member stocks performed — June 4, 2020
Here’s a quick glance at how PSEi stocks fared on Thursday, June 4, 2020.
Philippine stocks in best run since 2000 are Asia’s highlight
PHILIPPINE stocks climbed the most in Asia, heading for their best seven-day rally in two decades, on optimism that the economic fallout from the coronavirus outbreak won’t be as bad as feared after Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said monetary-easing steps were appropriate.