CREIT maintains strong credit ratings amid growth
Citicore Energy REIT Corp. (CREIT), the Philippines' first renewable energy real estate investment trust, has retained its strong credit ratings from the Philippine Rating Services Corp. (PhilRatings) from 2022. CREIT holds an issuer credit rating of PRS Aa+ with a stable outlook, while its ASEAN Green Bonds maintain a PRS Aa+ rating, also with a stable outlook.
FirstMetroSec projects stronger PH equities market in 2025
First Metro Securities Brokerage Corporation (FirstMetroSec) is optimistic about the Philippine stock market in 2025, forecasting a strong recovery driven by improving economic conditions,...
McDonald’s earning in Q4 misses expectations, shares up on 2025 outlook
McDonald’s reported lower-than-expected earnings for the fourth quarter, with U.S. sales declining amid an E. coli outbreak that forced the world famous fast-food chain to pull its Quarter Pounder burgers from several states.
ACR lists P1.6B first tranche of commercial paper program to PDex
Alsons Consolidated Resources Inc. (ACR) has successfully listed the first tranche worth P1.6 billion of its P3 billion commercial paper program on the Philippine Dealing and Exchange Corp. (PDex). This development underscores ACR’s commitment to expanding its renewable energy initiatives and reinforces its position in the local energy market.
Fuel prices drop after mixed adjustments
Motorists can breathe a sigh of relief as the various fuel retailers implement price rollbacks on gasoline, diesel, and kerosene following last week’s mixed adjustments. Caltex and Seaoil reduced the price by P0.10 per liter for gasoline and diesel, and P0.30 per liter for kerosene. Jetti, Clean Fuel, and PTT also scaled back their price by P0.10 per liter across the board.
