SMIC profit jumps 13% in 2018
SM INVESTMENTS Corp. (SMIC) increased its earnings by 13% in 2018, as the company’s property, banking, and retail units continued to show steady growth.
Meralco in talks with ALI to put up microgrids in resort areas
MANILA ELECTRIC Co. (Meralco) is studying the viability of putting up microgrid systems in popular tourist destinations outside its franchise area and replicate the hybrid energy system it is installing on Cagbalete Island in Quezon province.
PCC green-lights sale of Splash to Bangalore firm
THE Philippine Competition Commission (PCC) said it has approved a Bangalore-based company’s plan to acquire Philippine personal care manufacturer Splash Corp.
Phoenix prepares dollar bond issue, opens 1st Autoworx shop
PHOENIX Petroleum Philippines, Inc. has tapped foreign financial institutions to arrange a series of fixed income investor meetings in Manila, Hong Kong and Singapore, possibly resulting in the issuance of dollar-denominated debt instruments.
Germany’s Stada aims to bring affordable medicine to Philippines
GERMAN pharmaceutical company Stada Pharmaceuticals, Inc. officially launched in the Philippines, offering high quality generic and branded medicine.
ArthaLand launches Savya Financial Center in Taguig
ARTHALAND Corp. launched on Thursday its latest green office building, the Savya Financial Center, in Taguig.
Holcim Philippines profit falls 5% in 2018
EARNINGS of Holcim Philippines, Inc. went down by five percent in 2018, as its improved performance in the fourth quarter failed to offset the higher interest expenses from loans for its expansion program.
PayMaya says digital payments available at Panagbenga Festival
PAYMAYA Philippines, Inc. is partnering with the Baguio Flower Festival Foundation, Inc. (BFFFI), to allow quick response (QR) payments during the annual Panagbenga Festival in Baguio City.
How PSEi member stocks performed — February 28, 2019
Here’s a quick glance at how PSEi stocks fared on Thursday, February 28, 2019.
ALI plans massive fund raising
AYALA LAND, Inc. (ALI) plans to raise up to P45 billion in fresh capital this year to partially fund general corporate requirements and to refinance loans.
Metro Pacific keen on Medical City
THE chairman of Metro Pacific Investments Corp. (MPIC) is looking at hospitals in Mindanao for possible acquisitions, while awaiting the resolution of the ownership dispute within The Medical City, a hospital he is keen to acquire.
PSEi likely to close at 8,900 by end-2019
THE Philippine Stock Exchange index (PSEi) is likely to close at the 8,900 level by end-December, driven by lower interest rates and upbeat earnings expectations for the year, according to investment bank UBS Philippines.