Manila Bulletin » Stock Market & Foreign Exchange
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The Manila Bulletin Publishing Corporation, a publicly held corporation in the Philippines which publishes in print and online a daily broadsheet, tabloid-sized newspapers and various magazines in English. Explore our articles on Stock Market & Foreign Exchange, market insights, tips for investment and more!
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Global port operator Enrique Razon has acknowledged the need to identify assets of the Philippine Ports Authority (PPA) for development into regional hubs capable of handling international cargo to reduce cost as the logistics industry has become too concentrated in Manila, while the provincial ports remained underutilized. Razon, a member ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
San Miguel Brewery, Inc. (SMB) delivered strong financial results in 2022 with consolidated net income improving 6.4 percent to P21.8 billion from 2021. In a statement, the firm said earnings growth was driven mainly by its greater focus on consumer needs through innovation, consumer engagement programs and increased marketing support ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
The local market recovered most of the day’s steep losses as investors continue to fret over the possibility that the Fed will remain aggressive with rate hikes. The main index lost 19.39 points or 0.29 percent to close at 6,589.88 with sectoral indices evenly divided. Volume rose to 798 million ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Township developer Megaworld Corporation has started the construction of Bulacan’s first central business district (CBD), which is envisioned to become a major catalyst for economic growth and development in the province. In a statement, Megaworld said it is investing P98 billion to develop the 85-hectare Northwin Global City along North ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, reported that its 2022 performance surpassed pre-pandemic levels on the back of robust contributions from all its businesses. In a disclosure to the Philippine Stock Exchange, the firm said its attributable net income rose 21 percent to ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Ayala Corporation, the country’s oldest conglomerate, reported an 18 percent growth in core net income to P27.7 billion last year while setting a slightly lower group capital expenditure budget of P264 billion. In a disclosure to the Philippine Stock Exchange, Ayala said core profits improved mainly due to higher contributions ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
The local stock market fell after the release of unemployment figures in the US and the Philippines. The main index plunged 102.22 points or 1.52 percent to close at 6,609.27 as the Property counter led the retreat of all sectors. Volume dipped to 880 million shares worth P4.99 billion as ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Alternergy Holdings Corporation has set the final price for its initial public offering at P1.28 per share, down from its maximum offer price of P1.48, for a total offering size of up to P1.62 billion. In a disclosure to the Philippine Stock Exchange, the firm said it is offering ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Ayala Corporation, the Philippines’ oldest conglomerate, is raising up to P25 billion from the planed issuance of preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said it plans to issue preferred shares with a base amount of P10 billion up to P15 billion with an ..read more
Manila Bulletin » Stock Market & Foreign Exchange
1y ago
Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort & Casino and Jeju Sun Hotel and Casino, reported a turnaround in 2022 with a consolidated net income of P5.1 billion from the net loss of P4.2 billion in 2021. In a disclosure to the Philippine Stock Exchange, the firm ..read more