Ayala-led AC Energy and Infrastructure Corporation (ACEIC) and its Hongkong-headquartered partner UPC Renewables have engaged three foreign banks for the loans they have secured for the 400-megawatt(ac) first phase of their solar farm installation in New South Wales, Australia. In a statement to...
The tsunami of oil price hikes will continue this week, with the cost of diesel rising by P1.25 per liter; while kerosene prices will increase by P1.10 per liter, based on pricing adjustment notices already sent by the oil companies. For gasoline products, the upward adjustment this week will be...
The local stock market fell as investors turned less bullish on the eve of the new year of the Ox. The main index dropped 91.14 points or 1.29 percent to close at 6,991.01 with only the Financials and Mining & Oil counters holding their ground. Volume climbed to 22.92 billion shares worth...
Theirs is an exceptional story of a family-led conglomerate that had to rise from the rubble – not just once, twice or thrice but maybe even more – that’s because of the wretch of politics often infringing on their businesses, be it in the power sector or in their television network. Oscar M....
Central Azucarera de San Antonio (CASA), a sugar mill owned by the Chan family of Iloilo, is planning to a P558.5-million public offering of shares although these will not be listed at the stock exchange. Documents filed with the Securities and Exchange Commission show, CASA is controlled by the...
Concepcion Industrial Corporation, the country's leading provider of consumer lifestyle and building industrial solutions, reported a 50 percent drop in unaudited attributable net income to P471 million in 2020. In a disclosure to the Philippine Stock Exchange, the firm said unaudited full year...
The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020...
Amid the persistent African Swine Fever (ASF) and shortage in hogs supply in the country, San Miguel Corporation (SMC), through its food unit San Miguel Foods (SMF), announced it is rationalizing its Monterey business by transferring its nationwide hog inventory to local raisers. In a statement,...
SL Agritech Corporation (SLAC), the leading producer of hybrid rice seeds and premium rice in the Philippines, has been assigned a high issuer credit rating of PRS Aa (corp.), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). PhilRatings said the rating was given...
Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
The financial predicament of consumers will worsen this week as the price of diesel this week will go up by P1.10 per liter, the highest adjustment for this fuel commodity since the start of this year. For kerosene products, the price hike will also be significant at P1.00 per liter as announced by...
After making huge gains last week, investors are seen to test the stock market’s strength this week amid concern over the new COVID-19 variant on one side and vaccine roll-out news and the passage of the corporate recovery bill on the other. “Next week, the local market is seen to move sideways...
