TEST
Home Tags Denise A. Valdez

Tag: Denise A. Valdez

PHL economy may fare worse with RCEP — experts

THE recently signed 15-country mega trade deal could worsen a post-pandemic Philippine economy, some analysts said, as a potential surge in imports could upset the balance of trade.

Megawide expects landports to boost foot traffic

MEGAWIDE Construction Corp. is bullish on building more transportation terminals and is open to working with mall operators as it continues to garner high foot traffic despite the coronavirus pandemic.

SEC warns against two unauthorized investment groups

THE SECURITIES and Exchange Commission (SEC) is warning the public against engaging with groups that solicit investments from the public without a license to sell securities.

‘Imagination machine’ seen as next step in firms’ post-pandemic planning

THE PHASE of trying to rebound from the coronavirus pandemic is still ongoing for most businesses, but a key to make the most of the disruption is to start reimagining for a new future.

DMCI Homes improving building durability of Davao condominiums after 2019 earthquake

DMCI HOMES is strengthening the durability of its condominium buildings in Davao City in light of a recent earthquake that hit the region last year.

Japan-inspired condominium to rise in Manila

LISTED VISTA LAND & Lifescapes, Inc. is continuing its joint venture with Mitsubishi Estate Co. Ltd. to build a Japanese-inspired condominium in Taft, Manila.

Stocks may move sideways on bargain hunting

LOCAL SHARES are expected to move sideways this week as some investors may start bargain hunting after last week’s four-day decline.

AllHome sees improved sales as it adds stores

VILLAR-LED AllHome Corp. is looking at improved sales in the fourth quarter as it continues its store expansion in the Luzon region.

PSEi ends higher in November on vaccine hopes

THE WAVE of positive news on coronavirus disease 2019 (COVID-19) vaccine candidates and improved third-quarter earnings of listed companies pushed the Philippine stock market to one of its best months in November.

Business leaders see need to focus on reinforcing PHL healthcare system

THE coronavirus pandemic is prompting companies to prioritize big investments in the healthcare sector, in preparation for any future outbreaks.

ATN Holdings eyes P1-B sales until 2022 from infra projects

LISTED ATN HOLDINGS, Inc. is looking to generate P1 billion in the next two years from selling construction materials that will help it ride on the Philippines’ increased investments on infrastructure.

MPIC finance chief Nicol to leave post by month’s end; replacement...

DAVID J. NICOL, chief financial officer of Metro Pacific Investments Corp. (MPIC), is leaving his post by the end of the month.

PSEi sinks below 7,000 mark as market corrects

LOCAL SHARES closed lower on Thursday, ending below the 7,000 mark, as investors continued to pocket gains and as global markets weakened overnight.

Sy-led SM Prime expands footprint in Mindanao

SM PRIME Holdings, Inc. is opening a new mall in Zamboanga City where the coronavirus-related lockdown has been more relaxed since mid-August.

PHirst Park launches P1.9-B Pampanga development

CENTURY Properties Group, Inc., (CPG) has launched a new residential property in Pampanga, which offers 1,079 units valued at P1.9 billion.

AC Health, QualiMed increase COVID-19 capacity

AYALA HEALTHCARE Holdings, Inc. (AC Health) and hospital operator QualiMed have expanded their capacities to accommodate coronavirus disease 2019 (COVID-19) patients in Laguna and Bulacan in preparation for any surge in new cases.

Anglo Philippine Holdings invests P32.6M in Shang Properties

ANGLO Philippine Holdings Corp. has concluded a P32.64-million investment to buy a 0.25% stake in its listed affiliate Shang Properties, Inc.

PSEi tests support level on extended profit taking

STOCKS CONTINUED to decline on Wednesday as investors kept taking profits and preferred markets that are expected to beat others in getting the coronavirus disease 2019 (COVID-19) vaccine.

URC ventures into rubbing alcohol production

UNIVERSAL Robina Corp. (URC) is opening a rubbing alcohol business as the demand for sanitation products surged due to the coronavirus disease 2019 (COVID-19) pandemic.

IP E-Game Ventures’ investment unit eyes $50-million fund with Malaysian firm

A SUBSIDIARY of listed IP E-Game Ventures, Inc. is partnering with a Malaysian investment company to form a $50-million fund for startup investments in the ASEAN.

Fruitas to introduce self-branded ice cream lines

FOOD and beverage kiosk operator Fruitas Holdings, Inc. is venturing into ice cream production with the addition of two new premium ice cream lines in its product portfolio.

Local shares decline on profit taking after rally

LOCAL SHARES surrendered to profit taking on Tuesday following a rally that brought the main index to its highest level since the coronavirus pandemic started.

Blue chips’ 2020 profits may fall deeper after Q3 upset

EARNINGS of blue-chip stocks may fall deeper this year as third-quarter earnings results came in weaker than expected due to quarantine measures meant to contain a coronavirus pandemic.

PHL shares likely to correct after last week’s rally

PHILIPPINE SHARES are expected to see tempered gains this week after extended optimism in the past few days on the back of news on several coronavirus disease 2019 (COVID-19) vaccine candidates.

SEC warns against text scams using Duterte’s name

THE SECURITIES and Exchange Commission (SEC) is warning the public against text scams that use the name of President Rodrigo R. Duterte relating to a charity raffle where the message recipients is supposed to have won thousands in pesos.

Stockholders approve Cebu Air’s stock rights offering

Cebu Air, Inc. has obtained approval from stockholders for its plan to issue convertible preferred shares and bonds, as the operator of Cebu Pacific...

Smart to build 2,000 cell sites next year

Smart Communications, Inc., the wireless subsidiary of PLDT, Inc., said it targets to put up 2,000 new cell sites next year to support its...

SMC to add more RFID installation sites

San Miguel Corp. (SMC) is adding more installation sites for the radio-frequency identification (RFID) stickers used at its toll roads, as it anticipates a...

LRT-1 operator partners with Bayad Center

Light Rail Manila Corp. (LRMC) is teaming up with Bayad Center to accommodate bills payment transactions in one of the stations of Light Rail...

Makati seen to lag in recovery of rent, residential prices

RENTS and residential prices in the Philippines are expected to start recovering by 2021, except in Makati City which may continue to see a decline for a longer period, a recent survey of real estate agents found.

Power distributor eyes P604-M public offering

POWER DISTRIBUTOR Tarlac Electric, Inc. (TEI) aims to raise P603.75 million in a public offering, in order to comply with requirements under its legislative franchise.

Housing developer Ovialand sells equity to businessman JJ Atencio

JANUARIUS Holdings, Inc., the holding company of businessman Januario Jesus Gregorio B. Atencio III, has taken a 13% stake in housing developer Ovialand, Inc. which seeks to expand its business nationwide over the next 10 years.

Shares lose momentum ahead of BSP decision

LOCAL SHARES moved in red territory on Thursday to pull back from the market’s rally in the past two days.

SEC allows banks to use industry-specific framework for financial statements

THE SECURITIES and Exchange Commission (SEC) is allowing an industry-specific framework in reporting financial statements for banks and other entities regulated by the Bangko Sentral ng Pilipinas (BSP) in consideration of relief measures extended during the coronavirus pandemic.

Filinvest Land raises P8B from bonds

FILINVEST Land, Inc. (FLI) has generated P8.1 billion from a recent bond offering which will support its pipeline of projects for the coming years.

PSEi returns to 7,000 level on investor optimism

THE MAIN INDEX returned to 7,000 territory on Wednesday on sustained investor optimism backed by an improvement in remittances in September.

Pandemic brings more job hunters, fewer opportunities, says JobStreet

MORE Filipinos are looking for jobs online during the coronavirus pandemic, but companies are offering fewer opportunities because of uncertainties brought by the crisis, online job hunt platform JobStreet found in its data.

DMCI Homes eyes P13.9B worth of project completions

DMCI PROJECT DEVELOPERS, Inc. (DMCI Homes), the residential arm of listed DMCI Holdings, Inc., is targeting to complete 10 projects before the year ends.

Jollibee opens new store in Abu Dhabi

JOLLIBEE Foods Corp. (JFC) continues to expand its overseas footprint with the opening of a new store in Abu Dhabi.

Fresh vaccine hopes end PHL stocks’ losing streak

PHILIPPINE SHARES bounced back on Tuesday to snap a three-day losing skid following positive news on another coronavirus disease 2019 (COVID-19) vaccine candidate.

GT Capital extends profit dive as pandemic bites

GT CAPITAL Holdings, Inc. reported a net income of P489 million in the third quarter, slumping by about 94% from the P7.99 billion it reported a year earlier.

Vista Land plans REIT offering, sees recovery signs as income falls

VILLAR-LED Vista Land & Lifescapes, Inc. is keen on doing a real estate investment trust (REIT) offering for some of its leasing assets to improve its financial position during the coronavirus pandemic.

Profit of Cebu Landmasters slides in Q3, but nine-month total nears...

CEBU LANDMASTERS, Inc. posted an attributable net income of P709.78 million in the third quarter, slowing by 11% from last year but growing more than triple from P219.57 million in the second quarter.

Suntrust taps Megawide for hotel casino

SUNTRUST HOME Developers, Inc. is tapping Megawide Construction Corp. to build its hotel casino project in Parañaque City.

Century Pacific starts making plant-based meat alternative

CENTURY PACIFIC Food, Inc. (CNPF) is introducing a vegan meat alternative to cater to Filipinos shifting to healthier lifestyles.