Home Tags Arra B. Francia

Tag: Arra B. Francia

Wilcon to open eight stores this year

WILCON Depot, Inc. is aiming to open eight stores this year, as it ramps up its expansion to take advantage of the growing demand for home improvement and construction supplies.

Stocks trek higher ahead of corporate earnings

THE MAIN INDEX managed to end in positive territory last week amid sideways trading for most of the period as investors awaited the release of more corporate earnings.

BHI to unload condo units

BOULEVARD Holdings, Inc. (BHI) will be selling its portfolio of condominiums in Metro Manila worth about P77 million, as it plans to focus on its resort business in key tourist destinations.

Basic Energy completes deal for minority stake in Thai firm

BASIC Energy Corp. (BEC) has completed its acquisition of a minority stake in a Thai company building a solar power plant in Myanmar.

Peso climbs ahead on hawkish comments from Guinigundo

THE PESO strengthened versus the dollar on Friday, buoyed by hawkish comments from a central bank official and offshore inflows ahead of the sale of retail Treasury bonds next week.

PSEi climbs higher as US-China trade talks progress

SHARES firmed up on Friday as updates on the United States and China’s trade negotiations helped offset fears of a slowdown in world economic growth.

Puregold to hike capital to P5B

PUREGOLD PRICE Club, Inc. is hiking its war chest to prepare itself for future acquisition opportunities.

SEC drafts circulars for Corporation Code changes

THE COUNTRY’S corporate regulator is set to release memorandum circulars for certain provisions of the newly signed Revised Corporation Code, as the law itself will be self-executory.

Holcim completes expansion of La Union plant

HOLCIM PHILIPPINES, Inc. completed the expansion of its La Union plant last month, allowing the facility to almost double its capacity.

Bourse slips even as foreigners remain buyers

SHARES slipped on Thursday as investors stayed largely on the sidelines amid lack of compelling developments even as foreigners remained predominantly buyers for the second straight day.

City of Dreams Manila’s EBITDA rises 26% in Q4

THE operator of City of Dreams Manila reported a 26% increase in adjusted earnings before interest, taxation, depreciation, and amortization (EBITDA), driven by the better performance across all gaming segments.

Robinsons forms new unit

ROBINSONS Land Corp. (RLC) has established a new property unit, it told the stock exchange on Wednesday.

Mass housing developer plans to acquire Cebu firm

MASS HOUSING developer 8990 Holdings, Inc. is expanding into the upscale property market with the acquisition of Cebu-based property firm GENVI Development Corp.

Shares climb ahead of high-level US-China talks

SHARES bounced back on Wednesday, tracking positive sentiment across the region as investors were once again upbeat on prospects for the US-China trade war negotiations.

POPI to change name to Ayalaland Logistics

PRIME Orion Philippines, Inc. (POPI) plans to change its name to Ayalaland Logistics Holdings Corp., in line with the firm’s diversification into the property logistics sector.

McDonald’s PHL taps GrabFood for delivery services amid rising demand

MCDONALD’S Philippines is tapping the online food delivery service of Grab Philippines in a bid to meet the rising consumer demand for quick and efficient food delivery.

STI Education buys maritime school

STI Education Holdings Systems, Inc. has acquired Mandaluyong-based maritime school NAMEI Polytechnic Institute, as the company recognizes the growing demand for seafarers around the world.

PSE index sinks to 7,800 level on foreign selling

THE MAIN INDEX fell to the 7,800 level on Tuesday on concerns over the trade negotiations between the United States and China happening this week, in addition to foreign investors’ selling spree.

D.M. Wenceslao sets P4-B capex

D.M. Wenceslao & Associates, Inc. (DMW) is allocating P4 billion for capital expenditures this year, following a double-digit profit growth in 2018 due to the strong demand for properties in the Bay Area.

Megaworld expects P1.5 billion in sales from Bacolod tower

MEGAWORLD Corp. targets to book P1.5 billion from the sale of units in its second residential tower within The Upper East township in Bacolod.

Concepcion Industrial earnings decline in 2018

EARNINGS of Concepcion Industrial Corp. (CIC) slipped in 2018 as the company was dragged down by a combination of higher expenses, volatile foreign exchange rates, and unfavorable weather conditions.

MRSGI to develop mixed-use project in Catbalogan City

METRO RETAIL Stores Group, Inc. (MRSGI) is teaming up with the Province of Samar for the development of a mixed-use property in the province worth about P472.9 million.

Shares climb on hopes of positive US-China talks

LOCAL EQUITIES rose on Monday on the back of rosy prospects for the trade talks between the United States and China happening this week.

CPG allots P3B for affordable housing projects

CENTURY PROPERTIES Group, Inc. (CPG) will be spending at least P3 billion for affordable housing projects this year, as it continues to expand its offerings in the segment.

PHL stocks to firm up ahead of corporate earnings

LOCAL SHARES may firm up in the days ahead following the weakness that prevailed last week, as investors await the release of 2018 financial results.

Jollibee sets P17-billion capital spending for 2019

JOLLIBEE Foods Corp. (JFC) is beefing up capital spending this year to P17.2 billion as it continues to expand its store network this year, following the homegrown food giant’s double-digit profit growth in 2018.

Authorities arrest Roses 4 U employees for illegally soliciting investments

AUTHORITIES arrested 31 people related to the operations of a group called Roses 4 U, which was found to be illegally soliciting online investments.

STI Education net income falls 39% in 9 months

EARNINGS of STI Education Systems Holdings, Inc. dropped by 39% in the nine months ending December 2018, dragged by the lower number of college freshman enrollees for the period.

Bourse breaks 4-day fall, but ends short of 8,000

THE Philippine Stock Exchange index (PSEi) snapped its four-day losing streak on Thursday as foreigners returned to buying mode, but this was not enough to pull the bourse back above the 8,000 mark.

MetroPac Movers taps Aboitiz to develop Cavite logistics hub

THE LOGISTICS arm of Metro Pacific Investments Corp. (MPIC) has tapped Aboitiz Construction, Inc. (ACI) to develop its 20-hectare property into a logistics hub in Cavite.

DataLand eyes projects in Clark Global City

THE development of Clark Global City gains ground as Global Gateway Development Corp. (GGDC) partners with real estate firm DataLand, Inc. for an office building, dormitel, and hotel in the area.

Megaworld to add 2 more towers in Pasig township

MEGAWORLD Corp. has sold 60% of the units of its P4-billion residential condominium in Arcovia City, spurring plans to launch two more towers within the township in Pasig City.

PSEi falls below 8,000 as foreigners turn sellers

THE MAIN INDEX plunged for the fourth straight session on Wednesday, marking its worst finish in nearly a month on sustained profit taking.

Phinma Education invests P278M in Indonesia JV

THE education arm of Phinma Corp. is investing P278 million in a joint venture (JV) firm in Indonesia, marking its entry into the Southeast Asian country.

Megaworld to add 54,000 square meters of retail space this year

MEGAWORLD Corp. is scheduled to open 11 commercial properties this year, as it continues to expand its network of lifestyle malls in the country.

Bourse falls further towards 8,000 on profit taking

THE BOURSE ended lower for the third straight trading day on Tuesday, falling below the 8,000 mark for the first time in seven sessions before clawing back just above that line as investors went on another round of profit taking, opting for second-liners instead of blue chips.

SM Prime profit jumps 17% in 2018

SM Prime Holdings, Inc. increased its net income by 17% in 2018, driven by the growth of its shopping mall and residential property units.

Bloomberry units ink P40-B loan deal for Quezon City casino-resort

UNITS of Bloomberry Resorts Corp. have signed a P40-billion loan agreement with several banks to finance the company’s integrated resort and casino project in Quezon City.

KPO sector to drive office demand this year — Colliers

TRADITIONAL offices and knowledge process outsourcing (KPO) providers are seen to sustain the demand for office spaces in 2019, although the delay of accreditations by the Philippine Economic Zone Authority continue to pose a threat on their expansion in the country.

AAA Equities to launch online trading platform

AAA Southeast Equities, Inc. looks to attract more retail investors into the stock market with the launch of its online trading platform next month.

Architecture festival brings spotlight to Intramuros

AT a time when conventions and events are increasingly being held in the financial districts of Makati and Bonifacio Global City (BGC), this year’s Anthology Architecture and Design Festival is holding its ground in Manila’s walled city, where a group of architects hope to highlight the origins of the country’s cosmopolitan development.

SMC Global Power plans to raise up to P30B from bond...

SMC GLOBAL Power Holdings, Corp. plans to raise up to P30 billion from the issuance of bonds, which have been rated of the highest quality by a local debt watcher.

Bench founder Ben Chan plans to develop office tower in Clark...

THE COMPANY behind homegrown clothing brand Bench is planning to develop an office tower in Clark Global City, Mabalacat, Pampanga.

PSEi seen coasting as investors await 2018 results

THE BOURSE can be expected to coast at least through early this week, as investors await the release of listed firms’ 2018 financial results.

Power rates to go up in February

THE Manila Electric Company (Meralco) on Friday announced power rates in February will rise by P0.5682 per kilowatt-hour (kWh), mainly due to higher generation charges.