SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation, and RCBC Capital Corporation have successfully arranged and managed a P2-billion private placement of fixed rate notes for Asialink Finance Corporation. In a statement, SB Capital said the...
The Energy Regulatory Commission (ERC) has approved the withdrawal of application for the power supply agreements (PSA) that had been jointly agreed to be terminated by parties-in-interest Manila Electric Company (Meralco) and the subsidiary-companies of SMC Global Power Holdings Corp (SMGP) of the...
The Securities and Exchange Commission (SEC) and the Anti-Money Laundering Council (AMLC) have filed a money laundering complaint against Silverlion Livestock Trading Corporation which was found to be illegally soliciting investments from the public. Through Deputized AMLC Financial Investigators,...
From left: Institute of Corporate Directors (ICD) Chairman Atty. Cesar L. Villanueva; SM Investments Corporation Chairman of the Board Amando M. Tetangco, Jr.; ICD Vice-Chair & President Ma. Aurora D. Geotina-Garcia; Securities and Exchange Commission (SEC) Chairperson Atty. Emilio B....
Private concessionaire firm National Grid Corporation of the Philippines (NGCP) is seeking all-out support from the national and local government agencies for permitting and right-of-way (ROW) acquisitions, so it can speed up the development of the P14.03-billion Batangas-Mindoro Interconnection...
Universal Robina Corporation (URC), the food and beverage arm of the Gokongwei Group, reported that three of its businesses in the Philippines, Vietnam and Indonesia have been certified as some of Asia’s best workplaces in 2023. “We’re truly honored to be among the best workplaces in...
The Department of Finance (DOF) said the International Monetary Fund (IMF) has commended the government's newly-formed Maharlika Investment Corp. (MIC), recognizing its contribution to the country's infrastructure initiatives. Finance Secretary Benjamin E. Diokno said the IMF has acknowledged the...
Asialink Finance Corporation reported that it has raised P1 billion from Yuanta Saving Bank and Small Business Corporation (SBC) for relending to small- and medium-scale businesses. In a statement, Asialink said SBC, a government entity, provided P600 million while Yuanta, formerly Tongyang Saving...
The recurrence of gas supply restriction from the Malampaya field has triggered another round of shutdown for the 414-megawatt San Gabriel power plant of First Gen Corporation, according to sources from the company. The gas being fed to the San Gabriel power plant of the Lopez group is drawn from...
The shortlist of candidates for the board of directors of the Maharlika Investment Corp. (MIC) was officially submitted to President Marcos, the Department of Budget and Management (DBM) said. The Advisory Body, consisting of the DBM, the National Economic and Development Authority, and the Bureau...
SM Investments Corporation (SMIC), the flagship of the Sy family and one of the leading conglomerates in the Philippines, and its banking arm BDO Unibank Inc. came out among Asia’s Outstanding Companies based on a poll by Asiamoney magazine. In a statement, SMIC said it was recently awarded as...
Brittany Corporation was recognized as the Best Developer for Luzon by DOT Property Philippines Property Awards 2023. Brittany Corporation, the luxury leisure and residential arm of Vista Land & Lifescapes, Inc., further cements its reputation of being the preferred developer in Luzon after...
