Aboitiz Power Corporation, through its renewable energy unit Aboitiz Renewables, Inc. (ARI), announced the energization of its first solar power plant in Central Luzon. The Armenia Solar Project in Tarlac, with a capacity of 45-megawatt peak (MWp), was switched on in November and connected to the...
Aboitiz Power Corporation expects sustained strong performance through the end of 2024, driven by its distribution business, infrastructure development, and power generation. Danel Aboitiz, Aboitiz Power chief commercial and stakeholder engagement officer, explained that the company is in "growth...
The local stock market benchmark ended marginally lower again as investors wait for the release of Philippine inflation numbers for November. The main index inched down by 4.25 points or 0.06 percent to close at 6,729.96 although only Conglomerates and Miners were in the red. Volume rose to 494...
Universal Robina Corp. (URC), the food and beverage unit of the Gokongwei Group, has opened a new P5.4 billion flour mill in Sariaya, Quezon Province, that will boost the company's production capacity by 60 percent. In a statement, URC said its biggest mill, called URC Flour Sariaya, will increase...
Members of the management committee of Arthaland during the ceremonial planting to celebrate the topping off of Tower 1 (From left) Cornelio S. Mapa Jr., director, EVP and treasurer; Sheryll P. Verano, senior vice president for strategic funding and investments; Christopher G. Narciso, executive...
For three decades, SM Prime Holdings Inc. (PSE: SMPH) has been a cornerstone of the Philippine economy, shaping the retail landscape with its iconic shopping malls. As it celebrates this milestone anniversary, the property conglomerate is taking leisure development to new heights, bringing SM’s...
The PSEi dipped as investors continue to wait for cues from the upcoming release of economic data this week. The main index shed 8.68 points or 0.13 points to close at 6,734.21 as Conglomerates led the decline while the Services and Mining counters advanced. A total of 492 million shares worth...
Liberty Flour Mills Inc. (LFM) has completed the sale of the Liberty Building to its listed real estate subsidiary, LFM Properties Corporation (LPC), allowing it to focus on its core flour and other food businesses. In disclosures to the Philippine Stock Exchange, LFM and LPC announced the signing...
SM Investments Corporation (SMIC), the flagship of the Sy family, has been named among the leaders in transparency and reporting during the recently concluded 2024 Philippines Women's Empowerment Principles (WEPs) Awards of the United Nations (UN). During the announcement of winners on Nov....
The Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corporation, and Dacon Corporation, has completed the acquisition of Cemex Asian South East Corporation (CASEC) for $272 million—lower than the earlier announced $305.6 million. In a disclosure to the Philippine Stock...
IDC Prime, a wholly owned subsidiary of the listed real estate firm Italpinas Development Corporation (IDC), has tapped Dusit International to operate two upcoming hotels in a move to develop the hospitality component of IDC Prime's projects with world-class hotel assets. IDC Prime has signed a...
Township developer Megaworld Corporation’s leisure subsidiary Global-Estate Resorts, Inc. (GERI) is investing an initial P5 billion to develop a 117-hectare integrated lifestyle community in the highlands of Cagayan de Oro City. In a joint disclosure to the Philippine Stock Exchange, Megaworld...
