Ayala-led energy platform ACEN Corp. reported a drop in last year’s net income due to non-cash items in 2022. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 12, ACE said its net income totaled P7.4 billion from January to December 2023, 43 percent lower than in 2022 including...
The government's share of the Philippine Amusement and Gaming Corp. (Pagcor) income remained below its pre-pandemic levels last year, data from the Bureau of the Treasury indicated. According to the Treasury report, the national government received P33.85 billion from Pagcor's income from January...
Belle Corporation is seeking to buy all P4.6 billion worth of minority-held shares of the highly-profitable gaming subsidiary Premium Leisure Corporation (PLC) with the intent of voluntarily delisting it from the Philippine Stock Exchange. In a disclosure to the PSE, PLC said it was “informed of...
ILOILO CITY – Residents of this city, Iloilo province, and the island-province of Guimaras will not have a convenient and easy Sunday as the National Grid Corp. of the Philippines will impose a 12-hour blackout in these areas to conduct maintenance activities. In an advisory, the power...
Leading snacks company Mondelēz International in the Philippines has advanced its sustainable snacking platform by becoming a member of the Net Zero Carbon Alliance (NZCA). This move is in line with the company’s global commitment to achieve net zero carbon emissions across its full value chain...
Publicly-listed gaming firm DigiPlus Interactive Corporation has increased its corporate social responsibility (CSR) budget by fourfold to P100 million from P20 million last year for various projects and initiatives that provide support to important causes. The corporate outreach projects, to be...
Local retail electricity provider MPower will now supply renewable energy to the hotels, resorts, and real estate businesses of Alliance Global Group, Inc. (AGI). The unit of Manila Electric Co. (Meralco) said it has finalized an agreement to provide a combined total of 100 megawatts (MW) of...
The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
AyalaLand Logistics Holdings Corp. (ALLHC), the subsidiary of Ayala Land Inc. (ALI) focused on the development of industrial properties, suffered a 37 percent drop in net income to P635 billion last year from the P1.01 billion earned in 20222. In a disclosure to the Philippine Stock Exchange (PSE),...
IPC President, Tetsuya Fujita, with the Overland ready Isuzu mu-X and D-Max. Isuzu took the spotlight at this year’s Overland Kings CampOut held from February 9-11 at Crystal Beach, Zambales. Drawing in more than 100 outdoor enthusiasts, the event underscored the blossoming culture of overlanding...
An Executive Order (EO) mandating state-run National Transmission Corporation (TransCo) to build transmission facilities to underpin the wheeling of generated capacities from renewable energy (RE) facilities will be issued soon by President Marcos. In an exclusive interview on the sidelines of the...
BUTUAN CITY – A mining firm in the Caraga region is once again providing assistance to landslide victims in Barangay Masara, Maco, Davao de Oro. Philsaga Mining Corp., through the MMPRC Foundation Inc. (PMFI), is distributing mats, blankets, clothes, rice, coffee, chocolate malt beverage,...
