The Department of Information and Communications and Technology (DICT) has warned the public against unverified tower companies claiming to be telecommunication tower providers in the country and seeking to purchase properties to be used as tower sites. In a statement posted on Facebook, the...
Accounting and financial advisory firm CloudCFO announced the integration of artificial intelligence (AI) into its systems to enhance financial processes for its clients and empower small and medium enterprises (SMEs). During a media roundtable, Mickael Cardoso, CloudCFO's President and CEO, said...
Thirteen companies from the Philippines have earned recognition in TIME's 2024 World's Best Companies list, underscoring their strong performance and resilience in a competitive global marketplace. Compiled by Statista in partnership with TIME, the list evaluated 1,000 companies worldwide based on...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
On account of higher finance charges that it incurred due to direct equity acquisitions, the net income of Yuchengco-led of PetroEnergy Resources Corporation (PERC) had declined 11% to P527 million in the first half of the year from heftier P591 million in the same period last year. The company...
SM Supermalls and the Department of Trade and Industry (DTI) have joined forces to create a beacon of hope for Micro-, Small, and Medium Enterprises (MSMEs) affected by Typhoon Carina. The DTI-SM MSME Calamity Recovery Care Center offers a comprehensive suite of services designed to help businesses...
Senator Christopher “Bong” Go said he strongly supports for an extensive and fair investigation into the reported unethical practices of a pharmaceutical company by the Senate blue ribbon committee. This after the Senate Committee on Rules formally referred the Bell-Kenz Pharma...
The officers and shareholders of MFT Group of Companies and The Foundry Ventures issued a statement reiterating their position that “we never engaged in securities transactions in violation of the Revised Securities Act.” They noted that the Securities and Exchange Commission has filed a...
Accounting firm Isla Lipana & Co. issued a statement pointing out that it is the auditor of Maria Francesca Tan (MFT) Group of Companies, Inc. only, and not any other companies under the group. “‘Maria Francesca Tan (MFT) Group of Companies, Inc.’ is our audit client. While the name of...
The Securities and Exchange Commission (SEC) has made permanent the cease and desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies, Inc. and Foundry Ventures I, Inc., along with their officers and agents. In a resolution promulgated on April 1, the Commission En Banc...
Equity acquisition in existing renewable energy (RE) projects had driven up the net income of Yuchengco-led PetroEnergy Resources Corporation (PERC) by 9.0% last year to P944 million from P863 million in 2022. The corresponding portfolio boost, according to the company, likewise shored up its...
The 14-megawat second phase of the Nabas wind farm project of Yuchengco-led PetroWind Energy Inc. (PWEI) has started shoring up power supply for the energy-strained Panay island after securing warranted clearances from relevant authorities and entities in the market. Prior to its injection of...
