Manila Standard

1 week ago | manilastandard.net | Andy Sevilla

The landscape of the electric vehicle (EV) industry is a dynamic one, with new developments emerging daily that paint contrasting pictures for its future. On one side, we have Tesla, a pioneer in the EV space, grappling with declining sales not only in its home market of the United States but also across many international territories.

1 week ago | manilastandard.net | Jenniffer B. Austria

The peso and the local stocks plunged Wednesday as escalating world crude prices due to Iran-Israel war caused worries among investors. The peso closed at 56.98 against the US dollar, down from 56.7 on Tuesday. The 30-company Philippine Stock Exchange index fell 31.76 points or 0.50 percent to 6,337.43 while the broader all shares index declined 11.07 points or 0.29 percent to 3,772.79.

1 week ago | manilastandard.net | Jenniffer B. Austria

SM Prime Holdings Inc. (SMPH) reported a 15-percent increase in foot traffic at its Mall of Asia (MOA) Complex in the first quarter of 2025, with visits reaching 34.5 million. SMPH, in a disclosure to the stock exchange, attributed the rise to the strong slate of events, led by the return of the Philippine International Pyromusical Competition, which featured top-tier fireworks teams from around the world and sharply boosted evening visits as well as popular concerts by international artists.

1 week ago | manilastandard.net | Jenniffer B. Austria

Vista Land & Lifescapes Inc. (VLL), one of the country’s leading integrated property developers, said it secured financing through shareholder advances to settle its P10-billion retail bonds. VLL said in a disclosure to the stock exchange it arranged the necessary funding ahead of the maturity date to ensure full payment of the obligation. The bonds, which were originally issued on Dec. 18, 2019, matured on June 18, 2025. “Please be advised that Vista Land & Lifescapes, Inc.

1 week ago | manilastandard.net | Jenniffer B. Austria

PHILIPPINE stocks posted modest gains Tuesday as US stocks rose to near-record highs on hopes the Middle East tensions would be contained. The benchmark Philippine Stock Exchange index (PSEi) closed at 6,369.19, up 10.61 points, or 0.17 percent. The broader all shares index finished at 3,783.86, a gain of 15.41 points, or 0.41 percent. Meanwhile, the peso closed at 56.7 against the US dollar Tuesday from 56.415 on Monday. Rizal Commercial Banking Corp.