Tycoon Ramon S. Ang of San Miguel Corp. (SMC) is joining President Marcos’ economic managers in Tokyo to showcase investment opportunities in the Philippines. Having recently delegated day-to-day management of the country’s most diversified conglomerate to his eldest son, Ang will take part in...
Ang-led San Miguel Corporation kicked off on Tuesday, June 18, 2024, the offering of up to P20 billion in fixed-rate retail bonds after receiving the approval of the Securities and Exchange Commission last June 14. In a disclosure to the Philippine Stock Exchange, the diversified conglomerate said...
The Securities and Exchange Commission (SEC) has filed its second money laundering case against Silverlion Livestock Trading Corp. for its allegedly illegal solicitation of investments from the public. A joint complaint was filed last June 4 by the SEC and the Anti-Money Laundering Council (AMLC)...
The International Finance Corp. (IFC) has acquired a stake in fintech company First Circle for $7 million (about P410 million), to help boost lending to small and medium enterprises (SMEs) in the Philippines. A June 15 disclosure showed that the IFC board approved on June 13 its equity investment...
Aivie and her family almost lost all that they had when tropical storm Ondoy unleashed rains of epic proportions on 26 September 2009, submerging their home and everything in it. As soon as the flood waters subsided, they were faced with a very difficult question: how to pick up the pieces and move...
The Philippine Amusement and Gaming Corp. (Pagcor) said that about 255 former offshore gaming operations, previously known as “POGOs,” may have been operating illegally in the country. Alejandro Tengco, Pagcor chairman and chief executive officer, said these 255 POGOs had their overseas gaming...
President Marcos has urged the government and the private sector to continue pursuing "extraordinary opportunities" to achieve the country's renewable energy goals for a stable power supply. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) "Let us continue to pursue extraordinary...
The Philippine Amusement and Gaming Corp. (Pagcor) said the real risk to national security emanates from foreign hacking and scam syndicates, not from legitimate and licensed offshore gaming operations (POGOs). In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer...
The Securities and Exchange Commission (SEC) has approved the planned P580 million initial public offering (IPO) of NexGen Energy Corporation. In its meeting on June 4, the Commission En Banc resolved to render effective the registration statement of NexGen Energy covering 1.49 billion shares,...
PHINMA Corporation subsidiary Philcement Corp. has signed joint venture (JV) agreement with the Floirendo family’s Anflo Group management and investment company ANFLOCOR to build a P2 billion modern cement manufacturing plant in Davao del Norte. “The earlier signing is a testament...
The Court of Tax Appeals (CTA) has partially granted the petition of the National Grid Corporation of the Philippines (NGCP) as it reversed the decision issued by the Quezon City Regional Trial Court (RTC) which dismissed the P22 million claim for refund of city taxes and other business taxes. On...
First Philippine Holdings Corporation (FPHC), a member of the Lopez Group, is kicking off the operation of seven power plants worth P29.3 billion this year through Energy Development Corporation (EDC). During the firm’s annual stockholders’ meeting, FPHC President Francis Giles B. Puno said...
