PAL losses since Chapter 11 filing reach P3.45B in Nov.

PHILIPPINE Airlines (PAL) reported a loss of $11.67 million, or P582.65 million, for November, three months after filing for Chapter 11 bankruptcy protection, resulting...

Del Monte Pacific nets $35.8M

DEL MONTE Pacific, Ltd. (DMPL) logged a 63.8% growth in net profit attributable to owners of the company in its second-quarter ending October, higher...

Primex unit sells Cavite lot to Walter Mart for P200M

PRIMEX Development Corp. sold two hectares of its eight-hectare property in Naic, Cavite to community mall developer Walter Mart for P200 million, the company...

Senate clears franchise of Smart Broadband, Air PHL

BILLS extending for another 25 years the franchise of Smart Broadband, Inc. and Air Philippines Corp. on Thursday passed on third and final reading,...

How PSEi member stocks performed — December 16, 2021

Here’s a quick glance at how PSEi stocks fared on Wednesday, December 16, 2021.

PNOC-EC withholds consent to Malampaya deal

PNOC Exploration Corp. (PNOC-EC) said on Wednesday that it had withheld its consent to the sale of Shell Philippines Exploration B.V.’s (SPEx) 45% stake in the offshore Malampaya gas-to-power project to a subsidiary of Udenna Corp.

IT-BPM sector seen to continue driving office demand

LEECHIU Property Consultants (LPC) said it expects the information technology and business process management (IT-BPM) sector to continue to drive demand over the next years, anticipating the market to hit pre-pandemic levels seen in 2016 or 2017.

SPNEC’s public offer nearly two times oversubscribed

LEVISTE-LED Solar Philippines Nueva Ecija Corp.’s (SPNEC) initial public offering (IPO) was nearly two times oversubscribed, its underwriter said in a statement on Wednesday. 

ICTSI unit in Mexico allotting $230M for terminal expansion

LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Wednesday said its unit Contecon Manzanillo, operator of a container terminal at the Port of Manzanillo in Colima, Mexico, is investing $230 million for the terminal’s expansion and improvement.

Jollibee launches first Chowking store in New Jersey

JOLLIBEE FOODS CORP. (JFC) said it launched its first Chowking store in the United States east coast, setting up shop in New Jersey.

AllDay opens new Sucat store

ALLDAY MARTS, Inc. said it opened its 34th store in the Villar group’s Eastlake development in Sucat, Muntinlupa. 

Boulevard Holdings posts products, services sales

Boulevard Holdings, Inc. (BHI) said it finally recorded sales of products and services in the six months ending November this year, representing a 100% increase compared with last year.