The Ayala group of companies bagged top accolades at the 2019 ASEAN Corporate Governance Scorecard Awards held by the Securities and Exchange Commission and the Institute of Corporate Directors. Ayala Corporation, Bank of the Philippine Islands, Ayala Land, Inc., and Globe Telecom were hailed ASEAN...
Australian-Canadian miner OceanaGold Corporation (OceanaGold) and the Philippine government are now finalizing the terms of their updated Financial and Technical Assistance Agreement (FTAA) for the resumption of the operations of the Didipio gold and copper mine in Nueva Vizcaya. In a regulatory...
When the pandemic took hold in 2020, many automotive companies struggled to continue communications with their customers. The lockdown had forced many showrooms to close, disrupting the way car companies do business. Realizing the value of digitalization early on can be a boon, particularly when...
Malacanang has approved Philstar Marketing Development, Inc. as developer/operator of the first pharmaceutical special economic zone in the country called First Bulacan Business Park (FBBP) with a project cost of P570.586 million. President Rodrigo Duterte issued Proclamation No. 1070...
The Ayala-owned ACE Enexor Inc., an upstream oil and gas investment subsidiary, has announced its formal withdrawal from Service Contract (SC) 6, which is a petroleum exploration block in Northwest Palawan. A disclosure to the...
Wireless services provider Smart Communications, Inc. (Smart), together with the Department of Agriculture's (DA) Agricultural Training Institute (ATI), has provided a free and extensive online learning course on farming basics. This, according to Smart, should help more Filipino farmers...
A consumer group has called for “pork holiday” in protest of the high prices of pork in the local market and amid the inability of government and industry players to stop prices from rising.. MB file (Photo by Keith Bacongco) In a statement, Laban Konsyumer Inc. issued a challenge to consumers...
Feuding factions of the Yanson clan continue engage in courtroom battles over control of the country's biggest bus conglomerate. "The legal battle for control of the Yanson Group of Bus Companies (YGBC) is far from over. Cases and countersuits are still pending before various courts to show...
SM Prime Holdings Inc. has set the interest rates for its P10 billion Peso-denominated Series M, 2.5-year retail bond at 2.4565 percent due on 2023, and Series N, 5-year retail bond at 3.8547 percent due on 2026. In a statement, SM Prime said it issued an aggregate principal amount of P5.0 billion...
Businessmen Salvador Zamora and Benjamin Bitanga has acquired 5G Security Inc. (5GS), a fast-growing, technology-driven security solutions provider operating all over the Philippines for a transaction value of P850 million. Zamora and Bitanga and Menlo Capital Corp. acquired 5GS from Group 4...
San Miguel Corporation (SMC) is continuing its pandemic response efforts with its food assistance program for families in the poorest districts of Tondo having reached 55,000 kilos of staple goods. The program, which distributes goods weekly to families since the health crisis struck in March last...
An aquaculture firm is now awaiting the approval of the National Irrigation Administration (NIA) for its unsolicited proposal to breed and harvest fish and other seafood products in Pantabangan Dam, one of the largest dams in Asia. This, while the advocacy group Tugon Kabuhayan started pushing for...
