The Gokongwei Group’s Universal Robina Corporation (URC) was once again ranked high among consumers’ most chosen FMCG (fast-moving consumer goods) brands—showing that its segment-leading products are proving to be consistent favorites among Filipinos. In a statement, URC said Great Taste...
Asialink Finance Corporation has tied up with credit information and risk management firm CIBI Information Inc. for access to the creditworthiness data of small and medium enterprises (SMEs). “We are on an expansion mode and we need to be guided with credit scores to manage our risks in lending...
Power utility giant Manila Electric Company (Meralco) and US firm Ultra Safe Nuclear Corporation (USNC) have sealed cooperation agreement for the targeted rollout of micro modular reactor (MMR) pilot project in the Philippines. According to the utility firm, the deal will warrant the conduct of a...
The Maharlika Investment Corp. (MIC) plans to conduct international roadshows with the aim of attracting potential investors to invest their money in the Philippines' first sovereign wealth fund. Rafael Jose D. Consing, Jr., MIC president and chief executive officer, said newly-created fund would...
The Philippine Amusement and Gaming Corp. (Pagcor) said it remitted additional dividends to the Bureau of the Treasury to bolster the government’s budget for various programs. In a statement, Pagcor announced that the government's gaming regulator and operator transferred P5 billion in cash...
The Maharlika Investment Corp. (MIC) said its investments will focus on four sectors that demonstrate financial stability and contribute to the betterment of the environment and society as a whole. In a briefing on Wednesday, Nov. 15, Rafael D. Consing Jr., MIC president and chief executive...
Famed for gaining his expertise and solid experience as a power industry veteran and former executive of the country’s biggest power distribution utility Manila Electric Company, Engineer Fortunato “Atoy” C. Leynes has been designated under the Marcos administration as the new President and...
Chelsea Logistics and Infrastructure Holdings Corp., the shipping and logistics arm of the Udenna Group by Davao-based businessman Dennis Uy, reported a P1.04 billion net loss for the first nine months of this year, lower than its net loss of P1.49 billion recorded in 2022. In a...
Newly appointed Maharlika Investment Corp. (MIC) President and Chief Executive Officer Rafael Consing Jr. rebuffed revelations that he had a pending fraud case filed against him and his mother that could put into question his appointment to the investment fund. Maharlika Investment Corp. President...
GT Capital Holdings Inc., the Ty family conglomerate, reported that its consolidated net income rose 54 percent to P23.09 billion in the first nine months of 2023 from the P14.95 billion earned in the same period last year, boosted by its banking and automotive businesses. In a disclosure to the...
Reduction in transmission charge line item in the electric bills is the end-goal eyed from the completion of the rate reset review for system operator National Grid Corporation of the Philippines (NGCP), according to Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian. The lawmaker is...
Rafael Consing Jr., the newly appointed president and chief executive officer of the Maharlika Investment Corp. (MIC), defended the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF), insisting that “flexibility” must be assured to create its audit and...
