Industrial real estate company and AyalaLand Inc. subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) has signed a lease agreement with China-based firm Newbie Station Logistics Inc. to establish operations at the ALogis Calamba site in Laguna. The Calamba site was turned over to Newbie Logistics...
Malacañang has recalled the implementing rules and regulations (IRR) for the Maharlika Investment Fund (MIF) in order to make adjustments, specifically regarding the appointment of key managers. Sources told Manila Bulletin that the IRR of the law creating the MIF is temporarily halted in order to...
The Energy Regulatory Commission (ERC) has thumbed down the plea of the National Grid Corporation of the Philippines (NGCP) for amendments in the rules for transmission rate-setting. The regulatory body has rendered that decision based on the petition of the transmission firm that was lodged in...
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...
