BIZ BUZZ: From Maroons to Blue Eagles

After eight years of standing as a godfather of the University of the Philippines (UP) Men’s Basketball Team, businessman Januario Jesus “JJ” Atencio bid the Maroons adieu this University Athletic Association of the Philippines (UAAP) Season 88. The move was due to “personal reasons.” But at the same time, Atencio felt it was time to Continue reading BIZ BUZZ: From Maroons to Blue Eagles

First Gen to fork out $80M for Indonesian geothermal foray

MANILA, Philippines – Lopez-led First Gen Corp. will bring in up to $80 million in initial investments to jumpstart its fresh venture in the Indonesian market. Francis Giles Puno, president and chief operating officer of First Gen, said that aside from its expertise in the geothermal space, the group would likewise pour money into its Continue reading First Gen to fork out $80M for Indonesian geothermal foray

Robinsons Land unlocks P7.75B from REIT

MANILA, Philippines – Gokongwei-led Robinsons Land Corp. (RLC) sold P7.75 billion worth of its shares in its real estate investment trust (REIT) arm, making room for possibly more asset infusions as the latter diversifies its portfolio. In a regulatory filing on Tuesday, RLC said it had sold 1 billion common shares of RL Commercial REIT Continue reading Robinsons Land unlocks P7.75B from REIT

Letran all set for NCAA Season 101 format

Only a few weeks remain before the opening of the NCAA Season 101 men’s basketball tournament, where the league moves on from the traditional format and implements a new one. Letran, however, isn’t taking the format lightly. Especially since it can bite the Knights in the back if they aren’t careful. Just ask Rain or Continue reading Letran all set for NCAA Season 101 format

T-bond yields ease

MANILA, Philippines – The Philippine government’s bond auction on Tuesday delivered uneven results as shorter-dated debt drew strong demand while appetite for longer maturities lagged, despite lower yields. The Bureau of the Treasury raised P10 billion from reissued notes with two years and seven months left to maturity, against total bids of P37.9 billion, or Continue reading T-bond yields ease

PSEi falls to 6,100 level on flood control, corruption woes

MANILA, Philippines – Mounting concerns over anomalous flood control projects and corruption allegations against high-ranking government officials dragged the bourse near the 6,100 barrier on Tuesday. The benchmark Philippine Stock Exchange Index (PSEi) tumbled to 6,118.54 by the closing bell, losing 1.55 percent, or 96.29 points. READ: Robinsons Land trims RCR stake Likewise, the broader Continue reading PSEi falls to 6,100 level on flood control, corruption woes