SEC flags unauthorized investment groups, lending firm

THE Securities and Exchange Commission (SEC) has issued new warnings against groups taking investments from the public without authorization from the government.

Alsons considers sale of property business

ALSONS Consolidated Resources, Inc. (ACR) is considering the sale of its property business as part of its transition into a pure energy company.

Megaworld raises P3 billion from continued lot sale

MEGAWORLD CORP. has generated P3 billion from having completely sold out a residential village in Cavite while under quarantine.

GMA Network expects to keep jobs

GMA Network, Inc. has no plans to reduce its workforce amid the ongoing pandemic crisis, its top official said.

OUTLIER: Investors lukewarm on BPI after first-half earnings drop

INVESTORS rebalanced their positions on Bank of the Philippine Islands (BPI) last week after it released its first-half earnings report.

How PSEi member stocks performed — July 24, 2020

Here’s a quick glance at how PSEi stocks fared on Friday, July 24, 2020.

Cebu Pacific parks 9 aircraft in Australia to cut expenses

By Arjay L. Balinbin, Reporter Struggling budget carrier Cebu Pacific announced on Friday that it had sent nine of its aircraft to Australia...

Jollibee predicts strong sales, earnings growth in 2021

Jollibee Foods Corp. (JFC) said Friday it expects to see improved earnings next year and to return to normal growth in 2022. “We expect strong...

PSE index faring better, may not retest past lows — COL Financial

By Adam J. Ang The benchmark Philippine Stock Exchange index (PSEi) is not expected to retest previous lows given the "better" financial conditions under an...

DENR grants environmental compliance certificate to Cebu reclamation project

AFTER a two-year review, the Department of Environment and Natural Resources (DENR) has awarded an environmental compliance certificate (ECC) for the 100-hectare Minglanilla reclamation...

Del Monte’s earnings sink with sale, closure of US plants

Del Monte Pacific Ltd. (DMPL) shed $81.4 million in its fiscal year 2020 due to the closures and sale of its production plants in...

Suntrust to add $82 million for Parañaque hotel casino

Suntrust Home Developers, Inc. will be injecting $82 million more for its hotel and casino project, while it entered into a separate deal to...