The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
Ayala Healthcare Holdings Inc. (AC Health), a unit of the Zobels' Ayala Corporation, reported that it has acquired a significant minority stake in North Luzon-based pharmaceutical company, St. Joseph Drug (Joleco Resources Inc.). In a disclosure to the Philippine Stock Exchange (PSE), Ayala...
State-run Government Service Insurance System (GSIS) has invested in renewable energy firm Alternergy Holdings Corp. to speed up the development of wind power projects in Rizal and Quezon. In a disclosure to the Philippine Stock Exchange on Tuesday, Dec. 19, Alternergy stated that the pension fund...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has set a new dividend policy while announcing cash dividends amounting to P1.41 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors has laid a new dividend policy with at least 20 percent...
Okada Manila is expecting 2024 to be a better year for the integrated resort and casino on expectation that tourism will be normalized after the Covid crisis is almost over. In an interview, Okada Manila Chief Managing Officer Kenji Sugiyama said, “we still see more opportunity after Covid and...
Healthway Medical Network (HMN), the hospital and clinics arm of Ayala Healthcare Holdings, Inc. (AC Health), has teamed up with leading pharmaceutical company MSD to make cancer products and services more available, accessible, and affordable to Filipino patients. In a statement the firms...
Renewable energy firm Alternergy Holdings Corp. announced plans to borrow money for eco-friendly power projects recently awarded by the government to its subsidiaries. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 13, Alternergy said it plans to sell fixed-rate green bonds...
Two firms controlled by tycoon Lucio Co, Puregold Price Club Inc. and The Keepers Holdings Inc., have declared cash dividends with a combined value of P3.91 billion. In a disclosure to the Philippine Stock Exchange (PSE), Puregold said its Board of Directors has announced a 30 percent payout ratio...
Described as the company’s critical milestone, the Alabat and Tanay wind projects of the Alternergy Tanay Wind Corp. (ATWC) received certificates of award (COA) from the Department of Energy (DOE) for being the winning bids under the Green Energy Auction 2 (GEA-2). In a disclosure to the...
Davao tycoon Dennis A. Uy has found a new partner in Japanese gaming firm Universal Entertainment Corporation (UEC), which has agreed to complete the partially-developed Emerald Bay Resort in Cebu. UEC will be developing the casino resort complex through Philippine subsidiary Tiger Resort Leisure...
Liberty Solar Energy Corp. (LSEC), a subsidiary of the renewable power pioneer Alternergy Holdings Corp. (Alternergy) received an operating contract from the Department of Energy (DOE) for the Apulid Solar Project in Paniqui, Tarlac. In a disclosure to the Philippine Stock Exchange (PSE),...
Altenergy Holdings Corp., a renewable power pioneer, has chosen K2 Management (K2M), an energy transition project management and engineering consultancy firm with headquarters in Denmark, to develop and construct two wind projects in the Philippines. In a disclosure to the Philippine Stock...
