How PSEi member stocks performed — June 20, 2022
Here’s a quick glance at how PSEi stocks fared on Monday, June 20, 2022.
Supermarkets say commodity prices to further rise
THE prices of commodities are expected to increase in the coming months amid the challenges faced by manufacturers, according to the Philippine Amalgamated Supermarkets Association, Inc. (Pagasa).
Common tower providers see no threat from satellite firms
SOME telecommunication tower companies operating in the Philippines said the entry of satellite firms into the local scene poses no threat to their business or to that of traditional telco providers, as the technology complements terrestrial connectivity, which does not reach many of the country’s remote areas.
Tax court affirms trading firm’s tax refund of around P13 million
THE Court of Tax Appeals (CTA) has affirmed a division ruling on PTT Philippines Trading Corp.’s refund of P13.35 million representing its erroneously paid advance value-added tax (VAT) on its importation of diesel fuel for the period covering Sept. 20, 2013, to Jan. 20, 2014.
TKC Metals widens net loss to nearly P50M
TKC Metals Corp. incurred P49.68 million in first-quarter net loss attributable to parent equity holders, wider by 41.8% compared with the P35.04 million recorded a year earlier.
MREIT buildings acquire IMMUNE certification
MREIT, Inc., the real estate investment trust of Megaworld Corp., announced that two buildings in its portfolio received a four-star IMMUNE certification from Healthy by Design Building Institute (HDBI).
Globe shares fall amid recession fears
AYALA-LED Globe Telecom, Inc.’s share price dipped last week due to a market sell-off prompted by global recession fears and rising interest rates to contain surging inflation.
How PSEi member stocks performed — June 17, 2022
Here’s a quick glance at how PSEi stocks fared on Friday, June 17, 2022.
Alliance Global increases capital spending to P60B
TAN-LED Alliance Global Group, Inc. (AGI) announced on Thursday that it is hiking its capital spending to P60 billion this year, 33% higher than the previous year as it “strengthens and expands existing businesses to achieve and surpass pre-pandemic levels.”
Vivant to invest P25B for water, power projects
VIVANT Corp. has earmarked P25 billion for infrastructure and power development projects starting this year until 2027 as the Cebu-based holding firm aims to diversify its businesses and expand its reach.
NLEX Corp. to spend P1.2B on technology systems this year
NLEX Corp. announced on Thursday that it has allocated P1.2 billion for this year’s capital expenditures to improve customer experience.
First Gen unit seeks more time to build LNG terminal
FIRST GEN Corp. said on Thursday that its unit had requested the Energy department to extend the validity of its permit to build its interim offshore terminal for imported liquefied natural gas (LNG).