How PSEi member stocks performed — April 22, 2021
Here’s a quick glance at how PSEi stocks fared on Thursday, April 22, 2021.
DoubleDragon to launch three Hotel 101 projects
DOUBLEDRAGON Properties Corp. will begin preselling for three new Hotel 101 hotel projects this year, which will add 2,251 new rooms to the company’s hotel portfolio.
Converge to invest over $100M in transpacific cable system
LISTED fiber internet provider Converge ICT Solutions, Inc. announced on Wednesday that it would invest more than $100 million in a new transpacific cable system aimed at increasing internet speeds and network diversity in the country.
San Miguel allots at least $1B for battery storage projects
SAN MIGUEL Corp. (SMC), through its power arm SMC Global Power Holdings Corp., is spending more than $1 billion to build new battery energy storage facilities with a rated capacity of 1,000 megawatts (MW).
Ayala Land expects recovery to start in second half
LISTED property developer Ayala Land, Inc. is expecting to recover by the second half of the year and is preparing P100-billion worth of residential products in the pipeline.
PAL to trial IATA Travel Pass on LA, Singapore flights starting May
FLAG CARRIER Philippine Airlines (PAL) announced on Wednesday that it would soon begin a trial run of a travel pass mobile application developed by the International Air Transport Association (IATA).
Wine, noodles underperform as supermarkets oversupply
PHILIPPINE supermarkets are oversupplying products like instant noodles and wine, leading to a need to reassess product assortment, NielsenIQ said in a report on Wednesday.
ABS-CBN warns consumers vs pirate domains; $40-M lawsuit filed in US
ABS-CBN Corp. warned consumers on Wednesday not to access its content through pirate domains, noting that it had already filed a $40-million lawsuit against 40 pirate domains in the United States.
LBC Express Holdings suffers nearly 60% drop in net income
LISTED LBC Express Holdings, Inc. on Wednesday reported a 59.50% drop in its attributable net income for 2020, as operating income declined amid a global health crisis.
AC Energy invests P4.5B in unit behind Zambales solar project
AYALA-LED AC Energy Corp. has infused P4.5 billion in its subsidiary Santa Cruz Solar Energy, Inc., which operates a 60-megawatt (MW) solar farm in Zambales, according to a regulatory filing on Wednesday.
First Gen powers Megaworld from Leyte geothermal plant
LOPEZ-LED First Gen Corp. said on Wednesday that it was tapped by property developer Megaworld Corp. to supply 6.17 megawatts (MW) of geothermal energy to the latter’s four office towers in Taguig City.
How PSEi member stocks performed — April 21, 2021
Here’s a quick glance at how PSEi stocks fared on Wednesday, April 21, 2021.