AbaCore incurs P13-M net loss
ABACORE Capital Holdings, Inc. incurred a net loss of P13.24 million in the first quarter, reversing its P74.8 million net income attributable to owners a year ago, after a decline in its revenues during the period.
How PSEi member stocks performed — May 30, 2022
Here’s a quick glance at how PSEi stocks fared on Monday, May 30, 2022.
Construction industry’s recovery seen to continue
THE PHILIPPINES’ construction industry will continue to recover in the coming quarters as pandemic-related restrictions are eased, but rising fuel prices, which result in higher construction costs, will remain the main challenge, analysts said.
MREIT considers P15-B asset infusion from Megaworld
MREIT, Inc., the real estate investment trust of Megaworld Corp., said that it is considering the infusion of an additional P15-billion worth of commercial assets from the property developer.
SEC flags Multi Fortune Stake’s investment scheme
THE Securities and Exchange Commission (SEC) has warned the public about Multi Fortune Stake for soliciting investments without registration and for operating a “Ponzi-like” investment scheme.
CTA affirms Sonoma Services’ P5-M refund
THE Court of Tax Appeals (CTA) has affirmed Sonoma Services, Inc.’s refund of P5 million representing its excess and unutilized creditable withholding tax (CWT) for the calendar year 2015.
SMIC stock finishes flat as borrowing costs rise
INVESTORS sold SM Investments Corp. (SMIC) last week as the market remained cautious amid global tightening financial conditions to contain rising consumer prices.
How PSEi member stocks performed — May 27, 2022
Here’s a quick glance at how PSEi stocks fared on Friday, May 27, 2022.
NTC approves registration of Musk’s Starlink
The National Telecommunications Commission (NTC) announced on Friday that it recently approved Starlink Internet Services Philippines, Inc.’s registration as a value-added service (VAS) provider,...
SEC, Google to tighten screening for crypto ads
THE Securities and Exchange Commission (SEC) said it is working alongside Google to enforce stricter regulatory compliance to online lending apps.
Megaworld to build P6.5-B upscale village in Cavite
PROPERTY developer Megaworld Corp. announced that it is launching its first premium residential village in its Maple Grove township in General Trias, Cavite.
Safeguard duties sought on imported resins
THE local petrochemical industry is seeking government protection through safeguard duties on imported resins used for the production of plastic goods.