Indices Analysis

REUTERS By Luz Wendy T. Noble, Reporter THE Bangko Sentral ng Pilipinas (BSP) is requiring too-big-too-fail banks to submit a separate recovery plan annually starting 2022, a move seen giving the regulator a more focused assessment of a lender’s plans to bounce back from a crisis. “The Bangko Sentral shall …

Most hospitals in Metro Manila are now overwhelmed with coronavirus-stricken patients. — PHILIPPINE STAR/ MICHAEL VARCAS By Norman P. Aquino, Special Reports Editorand Kyle Aristophere T. Atienza, Reporter SHERWIN DE LOS REYES, 38, sat in a wheelchair in the corridor of the Las Pinas City District Hospital near the Philippine …

PHILIPPINE STAR/ MICHAEL VARCAS AROUND P83.3 billion in income may be lost during the nearly five weeks of stricter lockdown in Metro Manila and adjacent provinces, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said on Monday evening. During a televised Cabinet meeting with President Rodrigo R. Duterte, Mr. Chua …

PHILWEB Corp. said it had received approval from the Securities and Exchange Commission to reclassify 750 million unissued and unsubscribed common shares to preferred shares. “The reclassification was approved in order for the company to have flexibility in raising capital,” PhilWeb said in a disclosure to the exchange on Tuesday. …

THE BUREAU of the Treasury raised P35 billion as planned from its offering of fresh seven-year papers. — BW FILE PHOTO THE GOVERNMENT made a full award of the Treasury bonds (T-bonds) it offered on Tuesday and opened its tap facility to borrow more as the auction attracted strong demand. …

1 of 4 By John Silva I’VE owned this very rare Zorrilla Theater program for many years now and will eventually be donated to the Ortigas Foundation Library. This program (in Spanish and English) has an anarchy of Art Nouveau fonts used for the advertisers, overshadowing the opera notes of …

LIBERTY FLOUR Mills, Inc. posted a net income last year of P192.43 million, surging by 126% from the previous year, on the back of higher sales volume during pandemic lockdown period. The listed company said in a stock exchange disclosure on Tuesday that its total revenues in 2020 reached P1.35 …

BW FILE PHOTO PETRON Corp. has completed the issuance of $550-million undated unsubordinated capital securities, the Ramon S. Ang-led oil company said on Tuesday, adding that these will be listed in Singapore. In a disclosure to the local bourse, Petron said that it expects to list the securities on the …

10 Days of Art JUST because there is a pandemic does not mean that there can’t be an art fair. Art Fair Philippines normally includes exhibition areas that stretch out through four floors of a Makati carpark, with space for workshops and talks, and outdoor spaces for installations — and …

BELLECORP.COM LESSOR and City of Dreams Manila co-licensee Belle Corp. reported a net income of P891.7 million last year, declining nearly 70% from P2.92 billion previously due to pandemic restrictions and the Taal volcano eruption. “Belle’s positive operating result for 2020 was achieved in spite of economic headwinds caused by …