Ayala-led AC Energy Corporation (ACEN) will be paying P419.075 for the shares subscription it sealed with subsidiary firm Buendia Christiana Holdings Corporation (BCHC), a special purpose company engaged in the acquisition of potential project sites. In a disclosure to the Philippine Stock Exchange...
The targeted P15 billion proceeds from the ASEAN green bonds issuance of Energy Development Corporation (EDC) will bankroll the expansion projects being lined up by the company. The shelf registration of EDC’s green bond issuance had already secured the approval of the Securities and Exchange...
The rail line linking Manila and Bulacan, Philippine National Railways (PNR) Clark Phase 1 (Tutuban-Malolos), first segment of the P319.5 Billion North-South Commuter Railway, Monday, (June 14) posted a 46.68 percent overall progress rate and is on track to be completed second quarter of 2024. It's...
The P9. 36 billion Clark International Airport (CIA) Passenger Terminal Building (PTB) is set to be inaugurated next month. Transportation Secretary Arthur Tugade and LIPAD CEO Bi Yong Chungunco Transportation Secretary Arthur Tugade, who inspected the new terminal on June 8, cited its manager and...
The required initial public offering (IPO) for power generation companies (GenCos) at the Philippine Stock Exchange (PSE) has been proposed for scrapping, so the restructured electricity sector can attract more investments. To lift that mandate of the Electric Power Industry Reform Act (EPIRA),...
SM North EDSA receives Safety Seal certification The Safety Seal ceremony at SM North EDSA On June 5th, 2021, SM City North EDSA was named the first mall in Quezon City (QC) to be awarded the Safety Seal certification from the local government. This Safety Seal is given when the establishment shows...
Government regulators have been putting in place frameworks to encourage key sectors of the economy such as publicly listed companies, banks and financial institutions to contribute to the attainment of Sustainable Development Goals (SDGs). As a member of the United Nations, the Philippines has...
The Anti-Red Tape Authority (ARTA) has called on government agencies to follow the lead of the Securities and Exchange Commission (SEC) and the Bureau of Internal Revenue (BIR) in reforming business processing. ARTA ARTA Secretary Jeremiah Belgica lauded the two agencies and urged others to follow...
After almost three decades, the Philippine National Railways (PNR) Clark Phase 1 Project is now on track, with a 45.82 percent overall progress rate, and “all moving forward,” Department of Transportation (DOTr) Secretary Arthur Tugade announced Wednesday night, May 26. 8494 “This is very...
After more than 20 years, the Securities and Exchange Commission (SEC) has finally secured the conviction of a stock broker involved the manipulation of the price of Best World Resources Corporation (BW) that started in October 1998. In a statement, the SEC said it has secured a fifth conviction...
The Securities and Exchange Commission (SEC) has given investment companies, brokers, dealers and other covered capital market participants an overall “medium” risk rating. This is the result of its money laundering (ML) and terrorist financing (TF) risk assessment of the securities sector the...
The Securities and Exchange Commission (SEC) has received special citations from the Anti-Red Tape Authority (ARTA) for its efforts toward improving the ease of doing business in the country. In the Ease of Doing Business Summit held last week, the ARTA recognized the Commission as a “Doing...
