ANGELICA BALLESTEROS, TMT

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A feasibility study is currently being conducted for the establishment of a food terminal inside New Clark City in Tarlac, the chief of the Bases Conversion and Development Authority (BCDA) said on Friday. The companies involved in the project – Metro Pacific Investments Corp. (MPIC) and France’s SEMMARIS – are…

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The stock market was again in the black on Thursday as investors were cheered by news that economic growth had picked up in the second quarter. The bellwether index gained 0.33 percent or 26.16 points, closing at 8,072.75. The broader All Shares grew by 0.21 percent or 9.80 points to…

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LISTED agribusiness firm Calata Corp. is selling 81 percent of its equity via a share subscription deal involving 2.5 billion shares to Millennium Global Holdings Inc. The transaction value of the deal has to be made final, pending the signing of definitive agreements between the companies. “Post-acquisition, Millennium, using Calata,…

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LISTED pizza chain Shakey’s Pizza Asia Ventures, Inc. (SPAVI) said it is poised to exceed its target of 20 new stores this year as it ramps up its expansion plan. “Last count I think we had 17 up—the stores opened this year. This is the 17th for this year,” SPAVI…

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The Prieto-Rufino family has agreed to vacate the government-owned “Mile Long” lots after the Court of Appeals granted the Executive department’s plea for the immediate seizure of the prime Makati City property. Sunvar Realty Development Corp., the Prieto-Rufino family’s property company, said it was “committed to abiding by the legal…

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SHARE prices firmed for a third consecutive day ahead of the release of second quarter economic growth data. The benchmark Philippine Stock Exchange index (PSEi) added 37.18 points or 0.46 percent to settle at 8,046.59. The wider All Shares rose 0.45 percent or 21.36 points to finish at 4,751.09. “I…

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CITICORE Holdings Investments, Inc., the parent company of Megawide Construction Corp., said on Wednesday it had transferred a 14.67 percent stake in the latter to newly-incorporated Megacore Holdings, Inc. for a consideration of P5.68 billion. Megacore is a new holding company formed to consolidate the economic stake of Megawide co-founder…

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The stock market climbed back to 8,000 territory on Tuesday following reports that North Korea was holding off from firing missiles at Guam. The bellwether Philippine Stock Exchange index (PSEi) rose 0.59 percent on Tuesday, adding 47.29 points to settle at 8,009.41. The wider All Shares grew 0.50 percent or…

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LOPEZ Holdings Corp. said net income attributable to equity holders of the parent dropped 34 percent to P1.76 billion in the first half of the year from last year’s P2.67 billion due to one-off losses and the absence of one-off gains at its associate. Unaudited consolidated revenues increased by 17…

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INVESTORS went bargain-hunting on Monday, lifting the benchmark index despite continued US-North Korea tensions. The Philippine Stock Exchange index (PSEi) snapped a four-day losing streak to close the day up 33.69 points or 0.43 percent to 7,962.12. The broader All Shares jumped 0.52 percent or 24.23 points to finish at…

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