Business World

Stocks weaken on profit-taking

The PSEI started the week lower as investors took profits while waiting for more news expected later this week. The main index dropped 58.48 points or 0.87 percent to close at 6,687.85 as Banks led the retreat while the Mining and Oil counter bucked the trend. Volume weakened to 1.22 …

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Globe hits P21-B mobile data revenues in Q1

Globe Telecom Inc. reported a P20.8 billion mobile data revenues in three months, first time it ever did so, from January to March 2022, as pandemic restrictions ease and user mobility surged. Mobile data now accounts for 78 percent of the telco’s mobile revenues, from 73 percent a year ago. …

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PH CEOs to brief investors — PSE

Chief executives and key finance officers of 15 publicly-listed companies (PLCs) in the country will brief fund managers, equities analysts and investors on their first quarter financial performance and business strategies in the new normal. The Philippine Stock Exchange, Inc. (PSE) said it is hosting the virtual event, dubbed PSE …

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Stocks: Some bargain hunting but ripe for profit-taking

The local stock market is expected to see a little more bargain-hunting at the start of this week although many issues may already be ripe for profit-taking given the lingering uncertainties in the domestic and global front. “(Last) week’s V-shaped recovery is reason permeating the market, but intraday movements remain …

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Lopez Holdings profit jumps 39% in Q1

Lopez Holdings Corporation reported a 39 percent jump in attributable net income to P851 million for the first quarter of 2022 from the P613 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its investee First Philippine Holdings Corporation (FPH) …

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CEB launches Asia’s 1st LCC green flight

Cebu Pacific (CEB) became the first low-cost carrier (LCC) in Asia to incorporate sustainable aviation fuel (SAF) into its operations after using green fuel to power its brand-new Airbus A33NEO on its delivery flight from the Airbus facility in Toulouse, France, to the Ninoy Aquino International Airport (NAIA), Manila. The …

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