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Shares seen to rally ahead of Q2 earnings reports

LOCAL SHARES are seen to firm up this week as companies are expected to report good earnings results for the second quarter.

Resorts World to reopen casino’s 2nd floor two years after deadly...

TRAVELLERS International Hotel Group, Inc. (TIHGI), the owner and operator of Resorts World Manila (RWM), expects double-digit growth in gross gaming revenues (GGR) as reopens the second floor of its casino area in July, two years after a gunman shot up the casino and started a fire that killed 36 people.

Dorm operator ramps up expansion

SY-LED Philippine Urban Living Solutions, Inc. (PULS) plans to have over 4,800 beds under its portfolio by 2020, as it looks to provide housing solutions to young professionals in the metro.

SMC to build food bank in Tondo

SAN MIGUEL Corp. (SMC) is building a food bank and community center in Tondo, Manila as part of efforts to ramp up its sustainability programs.

Main index climbs as investors pick up bargains

THE MAIN INDEX firmed up on Thursday, recovering from the previous session’s slump as investors went bargain hunting.

Foreign funds to continue fleeing PHL stock market

BPI SECURITIES, Inc. sees up to $600 million worth of foreign funds exiting the local stock market this year as more investors place their funds in China, following its greater weighting on the MSCI index.

SEC targets to release ICO rules later this year

THE Securities and Exchange Commission (SEC) is optimistic it can come out with the guidelines for initial coin offerings (ICO) this year as it hopes to regulate the number of businesses using this method to raise money.

Empire East to develop condo complex in Pasig-Cainta area

EMPIRE EAST Land Holdings, Inc. (ELI) will unveil over 3,000 residential condominium units this year within a recently launched township in the Pasig-Cainta area.

Shares may move sideways on lack of catalysts

SHARES may move sideways for the rest of the week as investors take profits amid a lack of leads.

MRT-7 completion to be delayed to 2022

SAN MIGUEL CORP. (SMC) expects the completion of the Metro Rail Transit Line 7 (MRT-7) to be pushed back to 2022, with partial operations seen by 2021 as the company encounters right of way issues.

Ayala invests in US medtech firm

THE health care arm of Ayala Corp. (AC) has invested in United States-based medical technology firm Fibronostics, as it seeks to deliver more screening and monitoring solutions in its clinics.

D&L Industries sees rebound in 2nd quarter

D&L Industries, Inc. (DNL) sees better results for the April to June period on the back of lower inflation and higher consumer spending, after the plastics and oleochemicals manufacturer booked flat earnings in the first quarter.

PSE set to lift trading halt on Supercity shares

THE Philippine Stock Exchange, Inc. (PSE) will lift the trading suspension on shares in Supercity Realty Development Corp. (SRDC) on Thursday (June 13), after the company disclosed additional details on its transaction with Manila Bay Development Corp. (MBDC).

PHL stocks decline on last-minute profit taking

LOCAL EQUITIES slipped on Tuesday as investors decided to take profits at the last minute ahead of a trading break for Independence Day.

SEC goes after religious group operating scam

THE Securities and Exchange Commission (SEC) obtained a freeze order on several bank accounts and assets of Kapa-Community Ministry International, Inc. (KAPA), which it described as operating one of the biggest investment scams in the country.

Prime Media sells parcels of land in Albay to shopping mall...

PRIME MEDIA Holdings, Inc. has sold parcels of land in Albay to a mall operator to pay off debts that will mature this year.

Mass housing groups want 1-stop shop for permits

MASS HOUSING groups urged the government to prioritize the establishment of one-stop processing centers in each region to facilitate the hasten the process of securing permits for housing projects.

Shares climb as Trump suspends Mexico tariffs

SHARES firmed up on Monday following the positive performance of international markets last week.

Megaworld wants townships to switch to RE sources by 2025

MEGAWORLD Corp. wants all of its townships to be fully reliant on renewable energy sources by 2025, in a bid to make its developments sustainable for the future.

Jollibee targets to open 5 more Guam stores within next 5...

HOMEGROWN food giant Jollibee Foods Corp. (JFC) is expanding its footprint in Guam as it plans to have five stores in the US island territory in the next five years.

DMCI on track to complete 2nd tower of Davao project by...

DMCI Project Developers, Inc. said it is on track to complete the second building of its residential condo complex in Davao City by next year.

Stocks likely to climb on bullish growth outlook

THE MAIN INDEX may continue moving higher in the coming week as investors count on increased spending to boost economic growth.

Italpinas to raise up to P650M from preferred share issuance

ITALPINAS Development Corp. (IDC) looks to raise up to P650 million from the issuance of preferred shares.

Melco PHL seeks SEC nod for equity restructuring

MELCO Resorts and Entertainment (Philippines) Corp. (MRP) has applied for equity restructuring at the Securities and Exchange Commission (SEC), in an effort to wipe out its deficit.

Local shares rise despite lack of fresh leads

SHARES continued to move higher on Friday albeit on thin trading, as investors waited for new catalysts that could boost the stock market.

DM Wenceslao sees strong demand for MidPark Towers

D.M. Wenceslao & Associates, Inc. (DMW) is launching the third tower of its residential development MidPark Towers this month, after selling over P4.3 billion worth of units in same project over the last six months.

AbaCore hikes capital stock as unit prepares P155-B energy project

ABACORE Capital Holdings, Inc. is hiking its capital stock to prepare for an affiliate’s development of a P155-billion energy project in Batangas with Chinese firms.

DMCI boosts land bank to 150 hectares as of March

DMCI PROJECT Developers, Inc. has increased its land bank to 150 hectares worth P10.2 billion by end-March, supporting its aggressive expansion plans across the country.

PSEi rises slightly as inflation stays within target

THE MAIN INDEX firmed up on Thursday as investors reacted to May inflation data and a potential rate cut by the US Federal Reserve.

SMC’s food and beverage unit bullish on growth

SAN MIGUEL Food and Beverage, Inc. (SMFB) is bullish on growth for the next few years, on back of the steady expansion of its food, beer, and spirits segments.

Stocks may drop further amid lack of catalysts

LOCAL SHARES may slump in the remainder of the week on the lack of positive leads.

Petron’s preferred share offer gets SEC go signal

THE Securities and Exchange Commission (SEC) has given the green light for Petron Corp. to offer perpetual preferred shares worth up to P20 billion.

Palmary invests in PhilWeb

PHILWEB Corp. has signed a P292-million share purchase agreement (SPA) with Palmary Corp., as the firms embark on the joint development of their electronic bingo (e-bingo) businesses starting this month.

PSE makes it easier for small investors to subscribe to an...

SMALL investors may now subscribe to initial public offerings (IPO) online, following the Philippine Stock Exchange, Inc.’s (PSE) launch of a web-based platform that looks to boost their participation in maiden offerings in the future.

SEC warns public against investing in Broilerpreneur, ADA Farm, Ever Arm

THE Securities and Exchange Commission (SEC) warned the public against several groups that have been luring investors in exchange for unrealistically high returns.

PSEi soars to 8,000 level on net foreign buying

THE MAIN INDEX soared past the 8,000 mark on Monday, outperforming international markets as it was supported by heavy foreign buying.

Infradev to pursue projects to complement Makati subway

PHILIPPINE Infradev Holdings, Inc. is planning to partner with property firms to undertake projects that would complement the operations of the $3.7-billion Makati subway that it is developing.

Megaworld eyes P8-B sales from Park McKinley West’s 3rd tower

MEGAWORLD Corp. has unveiled a new residential tower that could generate P8 billion in sales in its Fort Bonifacio township, after selling out its...

Tiu hopes to take The Big Chill public this year

BUSINESSMAN Antonio L. Tiu is upbeat on bringing his fruit kiosk business The Big Chill, Inc. (TBCI) public in 2019, after years of postponing the initial public offering (IPO) due to poor market conditions.

Shares may climb as market sentiment improves

LOCAL SHARES may firm up in the week ahead as investors turn upbeat on the back of easing domestic concerns and the release of May inflation data.

Charting best practices amid tech disruption

BUSINESSES must play catch-up with emerging technologies if they want to remain relevant in this era of artificial intelligence, automation and e-commerce, with top brass’ adoption of latest trends crucial to driving growth.

RLC plans township in Pampanga

ROBINSONS Land Corp. (RLC) will be developing close to 200 hectares of land in Pampanga into a mixed-use estate, as the property firm rides on the robust economic growth in the province.

PHL stock market accounts hit 1 million in 2018

THE RISE of online trading pushed the number of stock market accounts past the one-million mark in 2018, according to a report by the Philippine Stock Exchange, Inc. (PSE).

Rockwell Land eyes P10-B sales from new residential projects

ROCKWELL Land Corp. will be launching residential projects that could generate over P10 billion in sales for the year, including its first horizontal development in Laguna.

URC on track for 7-9% sales growth this year

UNIVERSAL Robina Corp. (URC) is tracking a high single-digit topline growth for 2019, as the company banks on the recovery of its coffee business alongside the expansion of its other food and agro-industrial businesses.