PSE updates main index, adds RCR, removes AGI

PSE updates main index, adds RCR, removes AGI

THE PHILIPPINE STOCK EXCHANGE (PSE) on Monday updated the composition of its key indices, adding RL Commercial REIT, Inc. (RCR) to the PSE index (PSEi) and removing Alliance Global Group, Inc. (AGI). The PSEi tracks the 30 largest and most actively traded common...
SM Prime sees expansion opportunities despite headwinds

SM Prime sees expansion opportunities despite headwinds

SM PRIME HOLDINGS, Inc. said it sees potential growth opportunities this year despite a challenging economic outlook. “We’re very positive despite the current situation. You know us. We’ve been trained. The more challenging, the more opportunities there are to...
ICTSI seeks $300-M AIIB loan for terminal upgrades

ICTSI seeks $300-M AIIB loan for terminal upgrades

RAZON-LED International Container Terminal Services Inc. (ICTSI) is seeking a $300-million (around P17.7-billion) loan from the Asian Infrastructure Investment Bank (AIIB), a multilateral development bank, to fund the expansion and upgrade of its Philippine port...
Maynilad plans up to P30-B capex this year

Maynilad plans up to P30-B capex this year

By Sheldeen Joy Talavera, Reporter WEST ZONE concessionaire Maynilad Water Services, Inc. plans to spend up to P30 billion in 2026 to fund water and wastewater projects within its service areas. “We’re looking at anywhere between P26 [billion] to P30 billion,”...