Indices Analysis

For CK Colindres and her two children, 12 and 2, weekends were always spent strolling in malls and dining out in the Philippine capital of Manila. That all changed when the pandemic struck. They’ve been cooped up at home since the government ordered minors to stay indoors to curb virus …

Moderna Inc. said on Monday it believes its coronavirus disease 2019 (COVID-19) vaccine protects against new variants found in Britain and South Africa, although it will test a new booster shot aimed at the South African variant after concluding the antibody response could be diminished. The company said in a …

SEOUL — South Korea’s economy grew at a faster-than-expected pace in the fourth quarter as it ended the coronavirus-stricken year solidly poised for a recovery in 2021 thanks to surging exports. Gross domestic product (GDP) grew a seasonally adjusted 1.1% in the December quarter from the third quarter, the Bank …

With Singapore’s borders largely closed, and the pandemic still raging across the world, there is still significant uncertainty over plans for the island nation’s 2021 alternative. But its tentative restart of smaller conferences offers a glimpse into what Davos attendees might expect if they are able to travel safely and …

Follow us on Spotify BusinessWorld B-Side Charter change (cha-cha) is once again alive in Congress. Although business groups support the initiative to liberalize the economy, they say that amending the Constitution 15 months before the national elections will only be “divisive.”  Lawmakers, they added, should instead focus on passing pending …

ANTONIO L. Tiu-led Greenergy Holdings, Inc. has approved the incorporation of two wholly-owned units focusing on projects and services related to infrastructure and community development, the listed firm said on Monday. In a regulatory filing, Greenergy said that its board of directors, who met over the weekend, had authorized the …

CHELSEA LOGISTICS and Infrastructure Holdings Corp. is seeking to increase its authorized capital stock to P3.5 billion. In a disclosure to the stock exchange on Monday, the listed company said it had applied for the amendment of its articles of incorporation to hike its authorized capital stock from P2 billion …

CEBU AIR, Inc., the listed operator of budget carrier Cebu Pacific, said on Monday it might start its $250-million convertible preferred shares stock rights offering on Feb. 26 as part of its fundraising plan. In a disclosure to the stock exchange, the airline operator said it intends to use the …

Ayala-led AC Energy Corp. is set to own the majority stake in a solar farm subsidiary of Solar Philippines Power Project Holdings, Inc. after forging a deal to acquire 99% of the unit’s primary and secondary shares for P619,000, the listed firm told the local bourse on Monday. The transaction …

Final decision this week on consortium’s bid for first phase of $10-B airport project By Arjay L. Balinbin, Senior Reporter THE Cavite government saw “infirmities” in the required documents submitted by the consortium of MacroAsia Corp. (MAC) and China Communications Construction Co. Ltd. (CCCC) for the Sangley Point International Airport …