Senator Risa Hontiveros is calling for a Senate inquiry into the "propriety" of allowing a single private entity to control almost all of the nation's strategic fossil energy assets in the West Philippine Sea. Senator Risa Hontiveros (Senate PRIB) Hontiveros said on Friday, Nov. 18 that she has...
The PSEi continued its losing streak as sentiment weakened overnight while investors wait for fresh leads at the domestic front. The main index dropped 50.48 points or 0.69 percent to close at 7,299.34 as Banks and Miners led the retreat although the Property counter managed to eke out a small...
Ayala Corporation announced that the first shipment of Molnupiravir, an oral anti-viral treatment for mild COVID-19, arrived in the country through a partnership between MedEthix, a member of the Ayala Healthcare Holdings, Inc. (AC Health). MedEthix, one of the country’s major pharmaceutical...
Solar Philippines Tarlac Corporation (Solar Tarlac), a subsidiary of renewable energy firm Solar Philippines, is planning to raise P4.15 billion from the issuance of green bonds. The proposed green bonds has been assigned a high credit rating of PRS Aa plus with a Stable Outlook by the Philippine...
The local stock market weakened further as investors wait for the outcome of the policy meeting of the Monetary Board on Thursday, Nov. 18. The Philippine Stock Exchange index shed 17.6 points or 0.24 percent to close at 7,349.82 on Wednesday, Nov. 17, with sectoral indices evenly mixed as the...
The Securities and Exchange Commission (SEC) has approved three public share offerings -- Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT) and, Arthaland Corporation -- worth almost P15 billion. Figaro initial public offering will consist of up to 1.26 billion common shares priced at...
Alaska Milk Corporation (AMC) has partnered with the National Dairy Authority (NDA) and University of the Philippines (UP) Los Baños to launch a pilot training program for Filipino dairy farmers. The training program, now being conducted by AMC and the Dairy Training Research Institute (DTRI) of...
Century Properties Group, Inc. (CPGI) and Mitsubishi Corporation are eyeing a longer and broadened partnership thru their joint venture company PHirst Park Homes, Inc. (PPHI) with the aim of building more residential and non-residential projects. “Our idea here is to increase and broaden our...
MREIT Inc., the real estate investment trust of township developer Megaworld Corporation, is finalizing the acquisition of four prime, grade A, Philippine Economic Zone Authority-accredited properties from its sponsor by next month. In a disclosure to the Philippine Stock Exchange, the firm said...
ABS-CBN The Court in the Southern District of Florida entered a default judgment in favor of leading Filipino media and entertainment company, ABS-CBN, and against 21 pirate site operators. The Order includes an award of damages in excess of $1 million against each of the 21 pirate website...
The local stock market saw some profit-taking at the start of the week as investor sentiment was weighed down by negative news from overseas. The main index dropped 40.47 points or 0.55 percent to close at 7342.37 as the Mining and Oil counter fell while only the Holding Firms sector managed to...
