Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
All eyes will be on the outcome of the US elections this week while third quarter earnings and lingering concern over COVID-19 will provide cues at the local front. Traders work beneath an electronic ticker at the trading floor of the Philippine Stock Exchange in Bonifacio Global City...
TNT players warm up before their game at the AUF Arena. (PBA Images) The resumption of the PBA Philippine Cup eliminations on Tuesday will see not only a maximum of four games per playdate but also some teams seeing action in back-to-back days. With the league determined to finish the elims on its...
Philex Mining Corporation registered a new high quarterly core net income, and ended the first nine months of the year on an encouraging note. In a disclosure to the Philippine Stock Exchange, the firm reported a core net income of P865 million for the first nine months of 2020 from only P39...
AllHome, the country’s pioneering full-line home improvement store, has teamed up with the Villar SIPAG foundation to establish the LIKHA initiative aims to promote local handicrafts and products. The emphasis program is seen to boost local community livelihood in localities all over the country...
ABS-CBN Films, a unit of multi-media giant ABS-CBN Corporation has also gone digital to allow Filipino moviegoers worldwide to finally watch newly produced local movies in the safety of their homes while most cinemas remain closed due to the pandemic risk. In a statement, ABS-CBN said...
Pangilinan-led PXP Energy Corporation is seeking the imprimatur of the Philippine government as to the next steps it must pursue relative to its joint exploration deal with China National Offshore Oil Corporation (CNOOC) for oil and gas exploration at the Recto Bank offshore northwest Palawan...
Universal Robina Corporation’s (URC) subsidiary in Thailand has been named as among the “Best Companies to Work for in Asia” by HR Asia, regarded as an authoritative regional publisher on human resources. Matthew Dy, HR Director of URC (Thailand) Co., Ltd. receives the award from...
Philex Mining Corporation reported that it has partially resumed underground operations at its Padcal Minesite, at 50 percent operational capacity, after its previously-declared temporary suspension. The suspension was done to implement measures to avoid the risk of community transmission of...
Megawide Construction Corporation reported that its shareholder Citicore Holdings Investment Inc. has subscribed to 13.5 million of Megawide’s Series 3 preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said this serves as initial subscription for the increase in the...
The P30-billion Cebu-Cordova Link Expressway (CCLEX) is now 61 percent complete in the midst of the Covid-19 pandemic. CCLEX links mainland Cebu from Cebu City to the Municipality of Cordova in Mactan Island. The overall engineering, procurement and construction (EPC) progress of the project...
Leading oil industry player Petron Corporation has laid down the inevitable – that it will be compelled to close shop on its 180,000 barrels per stream day Limay refining facility in Bataan, if no legislative remedies or measures will be passed to level the playing field of taxation in the...
