Another transmission project of the National Grid Corporation of the Philippines (NGCP) in the Visayas grid - the 138-kilovolt Panay-Guimaras interconnection project - will be facing delays due to a temporary restraining order (TRO) issued by the Supreme Court. According to the company, the TRO...
Ayala-led ACEN Corporation has inked P20 billion worth of term loan facility that will be used mainly to bankroll ongoing renewable energy (RE) projects as well as for general corporate purposes. According to the company, the debt facility has 10-year repayment term, but the lender-banks have not...
Renewable energy firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, is scheduling the second tranche of its ASEAN green bond offering with target proceeds of P10 billion that will continually bankroll the company’s projects. In a disclosure to the...
Saving money is a smart way to achieve goals and secure the future. But without the right mindsets, it can be very challenging. “ Your beliefs become your thoughts Your thoughts become your words Your words become your actions Your actions become your habits Your habits become your values...
The Philippine Amusement and Gaming Corp. (Pagcor) reported that the gross gaming revenues (GGR) from gambling operations in the country have exceeded their pre-pandemic levels in the first nine-months of the year. From January to September this year, the country's total GGR reached P205.15...
The Securities and Exchange Commission (SEC) has allowed the Philippine Stock Exchange Inc. (PSE) to negotiate its planned acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS Group) despite ownership limits. This developed as the Commission En Banc has...
Industrial real estate developer AyalaLand Logistics Holdings Corp. (ALLHC) reported that it has completed the land development works for Phase 1 of the Laguindingan Technopark, the first industrial park in Mindanao. In a statement, the firm said the Technopark forms part of Ayala Land's...
The Department of Energy (DOE) has prequalified at least eight (8) bidders in the scheduled competitive selection process (CSP) or tendering for the electrification of at least 98 off-grid sites covering 15,645 households. These firms which will be joining the Microgrid Service Provider (MGSP)...
NLEX Corporation was given an "Investors in People (IiP)" platinum certification by the IiP Philippine branch for its compliance to developing its people management standards. The IiP, which originated in the United Kingdom, is an organization that confers a "people management business...
Filinvest Development Corporation (FDC), the investment arm of the Gotianun Group, is planning to raise up to P32 billion through the issuance of peso-denominated fixed rate bonds in one or more tranches. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has filed online via...
Metro Pacific Tollways Corporation (MPTC), a subsidiary of Manuel V. Pangilinan-controlled conglomerate Metro Pacific Investments Corporation (MPIC), needs to raise about $600 million if its bid to invest in a major tollway company in Indonesia is successful. In a virtual briefing, MPTC Chief...
President Marcos has denied allegations that the implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act were relaxed to accommodate finance expert Rafael Consing Jr. President Ferdinand 'Bongbong' Marcos Jr. and Maharlika Investment Corporation President and CEO Rafael...
