The recurring gas production restriction from the Malampaya field will de-rate anew the electricity generation of the 1,200-megawatt Ilijan gas-fired power facility in Batangas, one of the biggest power plants in the country. In an advisory sent by state-run National Power Corporation to plant...
RSA Motors Greenhills now operational Written by Eric Tipan Imagine two floors worth of BMW goodness, from automobiles to lifestyle products, spread across 1,800 square meters worth of space. Now open your eyes and take a look at RSA Motors Greenhills, BMW’s first flagship dealership in the...
The Philippine government has already finalized the updated Financial and Technical Assistance Agreement (FTAA) with Australian-Canadian miner OceanaGold Corporation (OceanaGold) nearly two years since the major mining deal expired. MGB Director Wilfredo Moncano (Photo credit:...
Security Bank Corporation has sealed a deal with its global partner MUFG Bank, Ltd. (MUFG) that will allow MUFG’s corporate clients to gain access to the bank’s cash management system, DigiBanker. In a statement, Security Bank said “The agreement aims to provide MUFG’s clients...
Top urban township developer Megaworld Corporation reported a 45 percent drop in net income to P10.6 billion as consolidated revenues shrank 35 percent to P43.5 billion compared to 2019 due to the pandemic. In a disclosure to the Philippine Stock Exchange, the firm said attributable net income...
BBC Studios and ABS-CBN Corporation, the Philippines leading media and entertainment company, announced a new scripted format agreement that will see gripping psychological drama Doctor Foster remade for the Filipino audience. Originally written by Mike Bartlett and produced by Drama Republic, the...
In economically distressing times, it’s the chief finance officers (CFOs) of corporates who will be doing the ‘heavy lifting’ in unlocking the value of their organizations so they could bounce back faster – especially in a cycle immensely disturbed by a pandemic; or even when an economic...
Local share prices weakened as new COVID cases remain high while the death rate is rising. The main index shed 26.53 points or 0.41 percent to close at 6,518.64 with only the Financials counter inching up. A total of 2.43 billion shares worth P5.97 billion changed hands as losers beat gainers 120...
With the easing of quarantine protocols this week, Filipino motorists can benefit from the marginal rollback in pump prices implemented by the oil companies at the scale of P0.25 per liter for gasoline, and P0.10 per liter for kerosene products....
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
Security Bank Corporation announced its partnership with UniTeller Financial Services, an international cross-border and remittance payments processor. The bank said it recently joined UniTeller’s extensive payout network in the Philippines in March 2021 to enable greater financial access for...
Global Ferronickel Holdings, Inc. (FNI), the second-largest nickel producer in the country, is targeting to ship 6 million wet metric tons (WMT) of nickel ores this year on the back of expanded operations. This is higher than the 5.62 million WMT of nickel ores the company shipped in 2020, said FNI...
