How PSEi member stocks performed — July 29, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, July 29, 2020.
SEC seeks updates on investment company rules
THE Securities and Exchange Commission (SEC) is seeking to change some procedures in regulating fund managers and investment companies to tighten shareholder protection.
Ayalas allot P2B for renewables
AYALA-LED AC Energy Philippines, Inc. (ACEPH) will be investing P2.2 billion to its two renewable energy units in part of its earlier commitment to boost investment in new energy technologies.
Pandemic hits Aboitiz group’s first-half profit
ABOITIZ Equity Ventures, Inc.’s (AEV) net income in the first semester plunged by more than half as the global coronavirus pandemic continues to batter its businesses.
Cemex earnings slump 93% on construction halt
EARNINGS of cement manufacturer Cemex Holdings Philippines, Inc. plunged 93% in the second quarter with the suspension of construction activity during the coronavirus-related lockdown.
ICTSI unit signs deal for Cameroon port terminal
LISTED International Container Terminal Services, Inc. (ICTSI) said its subsidiary in Cameroon signed on Tuesday the concession contract for the development, operation and maintenance of the multipurpose terminal of the Port of Kribi.
PSALM’s Malaya plant gets lone bid from former operator Soosan
THE former operator of the Rizal diesel-fired power plant owned by the state-led Power Sector Assets and Liabilities Management Corp. (PSALM) is the lone bidder for the generator’s service contract.
Cebu Pacific resumes flights to Seoul
BUDGET CARRIER Cebu Pacific announced on Tuesday the resumption of its flights from Manila to Incheon (Seoul), South Korea on Aug. 6.
How PSEi member stocks performed — July 28, 2020
Here’s a quick glance at how PSEi stocks fared on Tuesday, July 28, 2020.
J-Trec group bids for subway train sets
ONLY the joint venture of Sumitomo Corp. and Japan Transport Engineering Co. (J-Trec) submitted on Monday a bid proposal to provide train sets for the Metro Manila Subway Project Phase 1, the Transportation department said.
Meralco core profit down 14% in first half
MANILA ELECTRIC CO. (Meralco) saw its core net income dropped 14% to P10.6 billion in the first six months of the year with lower revenues and sales.
Pryce net income declines on LPG, crude price slump
PRYCE CORP. saw its after-tax income dropped in the first semester, pulled down by inventory losses from the slump in the prices of crude and liquefied petroleum gas (LPG) in the second quarter caused by the global coronavirus pandemic.