Articles
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5 days ago |
philstar.com | Richmond Mercurio
MANILA, Philippines — LT Group Inc. (LTG) of taipan Lucio Tan is injecting P3.5 billion in fresh capital into its real estate subsidiaries to support their business growth. LTG said that it has finalized the capital infusion amounting to up to P2.5 billion for Eton Properties Philippines Inc. and P1 billion for Eton City Inc. For Eton City, the capital infusion will be done through LTG’s subscription of 50 million shares in the company at P20 apiece.
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5 days ago |
philstar.com | Richmond Mercurio
MANILA, Philippines — The local stock market capped off the week strongly, returning above the 6,400 level after a trade deal framework between the United States and the United Kingdom boosted investor sentiment. The benchmark Philippine Stock Exchange index (PSEI) surged by 1.08 percent or 68.71 points to close yesterday’s session at 6,458.20. The broader All Shares index also finished in the positive territory, rising by 0.6 percent or 22.5 points to 3,762.85.
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5 days ago |
philstar.com | Richmond Mercurio
MANILA, Philippines — Cosco Capital Inc. posted higher profit in the first quarter on the back of strong contributions from its major business segments. The listed retail holding firm of Lucio Co reported a 7.6-percent jump in net income to P3.68 billion in the first quarter from P3.42 billion in the same period last year. Thee group’s grocery retailing businesses, Puregold Price Club Inc.
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6 days ago |
philstar.com | Richmond Mercurio
MANILA, Philippines — Share prices tumbled yesterday after the country’s gross domestic product (GDP) expanded at a slower pace year-on-year in the first quarter. The benchmark Philippine Stock Exchange index retreated by 1.17 percent or 75.96 points to settle at 6,389.49 after two consecutive days of gains. The broader All Shares index also declined by 0.74 percent or 28.03 points to close at 3,740.35.
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6 days ago |
philstar.com | Richmond Mercurio
MANILA, Philippines — Higher revenues boosted core earnings of the Villar Group’s listed property developer, Vista Land & Lifescapes Inc., by 11 percent to P9.36 billion last year from P8.45 billion in 2023. Revenue from real estate sales reached P16.63 billion in 2024, up by nine percent from P15.23 billion a year ago.
Journalists covering the same region
Marguerite de Leon
Social Media Producer, Opinion Editor at Rappler
Marguerite de Leon primarily covers news in Quezon City, Metro Manila, Philippines and surrounding areas.
Marita Moaje
Reporter, PTV4 at Philippines News Agency
Marita Moaje primarily covers news in Manila, National Capital Region, Philippines and surrounding areas.
Mariejo Ramos
Southeast Asia Correspondent at Context
Southeast Asia Correspondent at Thomson Reuters Foundation
Mariejo Ramos primarily covers news in Quezon City, Metro Manila, Philippines and surrounding areas.
Erica Fong
Freelance Writer at Freelance
Freelance Writer at CNA Luxury
Erica Fong primarily covers news in Hong Kong and surrounding areas in China.
Camille Elemia
Freelance Journalist at The New York Times
Freelance Journalist at Radio Free Asia
Camille Elemia primarily covers news in Manila, Metro Manila, Philippines and surrounding areas.
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The Philippine Stock Exchange Inc. is stepping up its efforts to promote investor rights and uphold the integrity of the capital market as it partners with the Integrated Bar of the Philippines. https://t.co/QHMNviupPv https://t.co/MAMn6D5pVO
The Ayala and Metro Pacific groups are teaming up for a greenhouse project in El Nido, Palawan to promote sustainable agriculture and eco-friendly tourism. https://t.co/qRCPAUqSfM https://t.co/9fsrao1ueg
Securities and Exchange Commission chairperson Emilio Aquino is hopeful that his successor will continue the digital initiatives implemented under his term which helped improve the country’s business environment. https://t.co/0ESFWbC59o