The renewable energy arm of the Manila Electric Company (Meralco) said that its TerraSolar project, a joint venture with Terra Solar Philippines, Inc., is moving ahead faster than expected. In a briefing, Emmanuel Rubio, Meralco PowerGen Corporation (MGen) president and chief executive...
Manila Bulletin has been a staunch advocate of sustainability since the first MB Sustainability Forum in 2022. The forum promotes conversations about sustainability and serves as a platform to raise awareness about it. Last year, the two-day event called for urgency in addressing...
Benguet Corporation, a mining firm controlled by the Romualdez family, reported that the Red Earth Mineral Resources Corporation is infusing P440 million into the company through a subscription of new shares. In a disclosure to the Philippine Stock Exchange, Benguet said its Board of Directors had...
STI Education Systems Holdings, Inc., owner of the largest network of private schools in the Philippines, reported an 84 percent jump in net income to P1.6 billion for the fiscal year ended June 30, 2024, from the P873.8 million earned in the previous year. In its disclosure to the Philippine Stock...
Suzuki Philippines captivated audiences at the 9th Philippine International Motor Show (PIMS). During the opening day, Suzuki revealed their electric concept car, the eVX, alongside the Jimny 3-Door and 5-Door Rhino Editions, further demonstrating Suzuki’s commitment to innovative and...
Cebu Air Inc., operating under the Cebu Pacific brand, has increased its stake in 1Aviation Groundhandling Services Corporation (1AV) to a controlling 60 percent through a debt-to-equity conversion. In a disclosure to the Philippine Stock Exchange, the airline said it has signed a Deed of...
Ayala-led Globe Telecom Inc. was able to raise P3.7 billion from the successful sale of 307 cellular towers to Unity Digital Infrastructure. In a regulatory filing on Tuesday, Oct. 29, Globe said it officially divested 25 more towers to Unity for a total of P300 million, marking their fourth...
Wilcon Depot Inc., the Philippines’ leading home improvement and finishing construction supplies retailer, reported a 22.3 percent drop in net income to P2.12 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said net sales dipped one...
The country’s top lender BDO Unibank Inc. (BDO) reported a 12 percent year-on-year (YoY) growth in net profit to P60.6 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its growth in net income was driven by the sustained contribution...
Ayala-led Globe Telecom Inc. joined forces with Singapore-based Transcelestial Technologies Pte Ltd. to deploy a laser communications system that would expand its 4G and 5G connectivity in the country. Through its shared services and outsourcing arm Asticom Technology Inc., Globe said it conducted...
Ayala-led Globe Telecom Inc. successfully completed the network restoration services in seven areas severely hit by Typhoon Kristine, while five more provinces are undergoing rehabilitation. As of 9 am on Friday, Oct. 25, Globe said that network service was successfully restored in areas namely...
Manila Water Company is investing P141.5 million for its third septage treatment plant (SpTP), the Pinugay Septage Treatment Plant (SpTP) in Barangay San Jose, Antipolo City, with the goal of protecting the environment and safeguarding public health. Expected to be completed by September 2025, the...
