The Philippine Health Insurance Corporation (PhilHealth) on Thursday, Feb. 8 warned the public against a fraudulent website that uses its name to offer users a financial loan. (PhilHealth) In a post on its official Facebook page, PhilHealth said it only provides immediate benefits and services for...
The Gotianun Group’s investment holding firm Filinvest Development Corporation (FDC) has raised P10 billion from the oversubscribed first tranche of its P32 billion shelf-registered Peso-Denominated Fixed Rate Bonds. In the photo are the executives of Filinvest Development Corporation (FDC), led...
The Philippine Competition Commission (PCC) has given the greenlight for Fresh River Lakes Corporation, a subsidiary of the Lopez-controlled First Gen Corporation, to acquire Casecnan Hydroelectric Power Plant (CHEPP) The 165MW Casecnan hydroeletric power plant CHEPP is being sold by the...
Apex Mining Company, a publicly-listed firm controlled by billionaire Enrique K. Razon Jr., has tapped the Lopez Group’s First Gen Corporation to boost the share of renewable sources in its energy mix. Apex Mining President and CEO Luis R. Sarmiento leads the contract signing between Apex Mining...
Axelum Resources Corporation, the country’s leading fully-integrated manufacturer and exporter of premium coconut products, is aiming to expand its reach overseas by strengthening its B2B (business to business) and B2C (business to consumers) markets. In a disclosure to the Philippine Stock...
Toronto-listed multinational gold mining firm OceanaGold Corporation is divesting 20 percent of its stake in wholly-owned subsidiary OceanaGold (Philippines) Inc. (OGPI) via a P7.88 billion initial public offering (IPO) as required by the government. OceanaGold Philippines' Didipio mine in Nueva...
The PLDT Group’s MediaQuest Holdings and its broadcast unit TV5 have signed a landmark collaboration agreement with Nine Media Corporation to launch RPTV -- a new free-to-air channel offering sports and news -- to take over CNN Philippines' airtime. MediaQuest Holdings, TV5, and Nine Media...
Didipio Gold-Copper Mine, owned by OceanaGold Corporation’s local subsidiary OceanaGold Philippines Inc., is increasing its Community Development Fund (CDF) budget to P169 million this year. In a press statement, the firm said this is a 24 percent increase from their 2023 allocation of P136...
Tycoon Andrew Tan’s urban township developer Megaworld Corporation is building its second hotel in Pasig City, the 31-storey ArcoVia Hotel, which will be its tallest homegrown hotel development to date. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the new hotel will be...
Senator Risa Hontiveros on Monday, February 5, said she doubts that introducing a third party supposedly to help accelerate the completion of delayed transmission projects of the National Grid Corporation of the Philippines (NGCP) would be effective in addressing the country’s concerns in the...
Security Bank Corporation has been tapped by Epson Philippines Corporation to offer a special financing program to Epson's distributors and their dealers nationwide. In a statement, Security Bank said the Dealer Financing Program is designed to provide financing to the dealers of the distributors...
Jollibee Foods Corporation has opened its first Jollibee store in Michigan, the 14th US state that the firm has reached in the market since it started its aggressive global expansion effort. Jollibee Group President Ernesto Tanmantiong “We are thrilled to be opening our first store in the...
