Jenniffer B. Austria

PH firms make TIME’s World’s Best Companies list

September 15, 2023
Six Philippine corporations were included in TIME Magazine’s new annual ranking of the World’s Best Companies. Ayala Corp., San Miguel Corp., Jollibee Foods Corp.. PLDT Inc., Metropolitan Bank & Trust Co., and BDO Unibank Inc. were named among the 750 top-performing companies in the world for 2023. The World’s Best Companies 2023 ranking, TIME said, […]
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Philippine stocks rise on improved jobs data

September 8, 2023
Local stocks returned to positive territory Friday after the government reported improved employment data. The benchmark Philippine Stock Exchange index climbed 39.87 points, or 0.64 percent, to close at 6,222.94, while the broader all-shares index rose 13.24 points to settle at 3,360.23. Philstocks Financial Inc. research engagement officer Claire Alviar said investors welcomed reports that […]
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GSIS hikes stake in Metro Pacific to nearly 12%

September 5, 2023
State pension fund Government Service Insurance System increased its stake in infrastructure conglomerate Metro Pacific Investments Corp. to 11.98 percent GSIS said in a letter to MPIC it purchased 2.49 billion MPIC shares from the market from Aug. 23 to Sept. 4, 2023. The fund is now the beneficial owner of 3.43 billion MPIC shares, […]
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Stocks traded higher Monday on latest US jobs data

September 4, 2023
MANILA—Local stocks rose Monday in line with most Asian markets on hopes the US Federal Reserve may pause monetary tightening in response to weak jobs data. The 30-company Philippine Stock Exchange index climbed 33.62 points, or 0.54 percent, to close at 6,214.68, while the broader all-shares index picked up 14.47 points to settle at 3,356.44. […]
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