The executive team of AC Motors, the vehicle distribution and retail dealership division of the Ayala Group, has been reshuffled and reorganized into two distinct divisions - automotive and motorcycle – to move past the current pandemic and position for growth. AC Industrials Chairman and...
Cebu-based utility firm Vivant Corporation remained optimistic despite the effects of COVID-19 pandemic and plans to invest further in energy and water infrastructure, including bulk water supply and wastewater treatment. Vivant Chairman and CEO Ramontito E. Garcia Vivant Chairman and CEO Ramontito...
The local stock market is seen to remain weak, weighed down by recent bad news, although investors are seen to look for more cues from the release of more economic data as well as from the Bangko Sentral ng Pilipinas meeting on rates this week. Traders work beneath an electronic ticker at the...
Even in the midst of a pandemic, the employee-volunteers of First Gen Corporation had not passed up on a virtuous chance to raise thousands of pesos for a charity drive to help indigents in Batangas, part of the community hosting the company’s power projects. The platform they employed was a...
Ayala-owned AC Energy Philippines Inc. (ACEN) will be investing P250 million in its subsidiary firm Buendia Christiana Holdings Corporation (BCHC) via shares subscription arrangement. The company disclosed to the Philippine Stock Exchange (PSE) that it already signed a subscription agreement with...
AllHome Corporation, owner of the country’s pioneer one-stop shop for home needs, is strengthening its position in Northern Luzon with the opening of its 46thlocation in Santiago City, Isabela. The new branch is located near the established community of sister company Vista Land and Lifescape’s...
The local stock market declined on Tuesday despite some late bargain hunting. The Philippine Stock Exchange idex (PSEi) dropped 15.04 points, or 0.26 percent, to 5,894.28 with only the Holding Firms and Services sectors steady. Volume remained low at 4.4 billion shares worth ₱4.63 billion as...
Together with non-profit groups San Miguel Corporation (SMC) has started the distribution of free nutribuns to disadvantaged communities via feeding kiosks at identified Petron service stations. This fulfills the conglomerate’s commitment to continue helping the urban poor cope with the...
Kapuso actress Sanya Lopez has said that she is growing accustomed to the new normal. “Hindi pa rin ako gaanong nakakalabas dahil puro work from home lang ang ginagawa ko na binibigay sa akin ng GMA and endorsements. If I may count it mga three times lang akong nakalabas, yung nagtaping ako for...
Proceeds from the sale of National Power Corporation (NPC) assets have already reached P915 billion as of end-March this year but revenue collections only hit P612.41 billion, according to the Department of Energy. Collections of asset-seller Power...
Gotianun-led FDC Misamis Power Corporation has remitted P9.5 million as financial benefit to the local government unit (LGU) host of its power facility in Misamis Oriental in Mindanao to help in its pandemic response. The turnover of the funds is in compliance with the mandate of the Department of...
Vivant Energy Corporation has deployed of a 3.0-megawatt generating set to Bantayan Island in Cebu, alleviating brownouts in the island. The company said its subsidiary Isla Norte Energy Corporation (INEC), in partnership with Gigawatt Power Inc., had brought in the generators to beef up...
