How PSEi member stocks performed — February 4, 2021
Here’s a quick glance at how PSEi stocks fared on Thursday, February 4, 2021.
Firm with no revenue is the most-traded Philippine stock with 103% gain
Abra Mining & Industrial Corp. has no revenue and zero analyst coverage. Yet, the loss-making mining company’s stock has more than doubled in 2021 and is also the most-traded name in the Philippines.
Flexible, nimble millennials usher changes in work spaces
MILLENNIAL leadership is creating more flexible and productive workplaces, business leaders said, highlighting the changes in the organizations they help steer.
AllHome opens fourth branch in Mindanao
ALLHOME Corp. has opened a branch in General Santos City as the Villar-led company expands its store network across the country.
Ovialand sees P1-B home loan takeouts with Pag-IBIG Fund
OVIALAND, Inc. is targeting P1 billion in home loan takeouts with state agency Pag-IBIG Fund in 2021 as demand for affordable shelter continues to grow, the housing developer said.
Mitsubishi to install power equipment at EDC’s geothermal plant
TOKYO-BASED Mitsubishi Heavy Industries, Ltd. (MHI) announced on Wednesday that two of its units would install binary cycle power equipment at Energy Development Corp.’s (EDC) 29-megawatt (MW) geothermal plant in Palayan, Nueva Ecija, to help in generating “cleaner” energy.
PHL AirAsia partners with GCash, PayMaya for contactless transactions
PHILIPPINES AirAsia, Inc. on Wednesday said it has partnered with PayMaya Philippines, Inc. and Globe Fintech Innovations, Inc.’s GCash for cashless transactions at its check-in counters.
ABS-CBN names new head of global unit
ABS-CBN Corp. announced on Wednesday the appointment of Aldrin M. Cerrado as the new chief operating officer of ABS-CBN Global Ltd.
How PSEi member stocks performed — February 3, 2021
Here’s a quick glance at how PSEi stocks fared on Wednesday, February 3, 2021.
Razon’s Prime Infra, foreign firms study ‘cleaner’ aviation fuel production
PRIME Metroline Infrastructure Holdings Corp. (Prime Infra) has partnered with two foreign companies in exploring the construction of a Metro Manila-based biorefinery that can produce cleaner aviation fuel, the Enrique K. Razon, Jr.-led firm said on Tuesday.
PAL cuts 2,300 jobs as part of recovery efforts
FLAG CARRIER Philippines Airlines (PAL) is cutting about 2,300 jobs, or approximately 30% of its workforce, as part of its recovery initiatives amid the ongoing pandemic crisis, its top official said.
ERC denies Mindoro power firm’s bid to recover generation rate for hydro plant
THE ENERGY Regulatory Commission (ERC) has rejected the petition of Oriental Mindoro Electric Cooperative, Inc. (Ormeco) for provisional authority to collect an added charge to its customers to recover the cost of generating power from its hydroelectric plant.