The Philippine Coast Guard (PCG) has a filed case before the Securities and Exchange Commission (SEC) against what it described as a bogus Coast Guard auxiliary group allegedly involved in a recruitment spree in Bataan where members were promised P30,000 monthly allowance. In a statement, the PCG...
The Securities and Exchange Commission (SEC) has approved the P11.26 billion assets-for-equity swap between AREIT Inc. (AREIT), the Philippines’ pioneer real estate investment trust, and its sponsor Ayala Land, Inc. (ALI). In a disclosure to the Philippine Stock Exchange, AREIT said ALI will...
The Toll Regulatory Board (TRB), together with MPCALA Holdings Inc., recently inspected the 14-kilometer operational segment of the Cavite-Laguna Expressway (CALAX). The tollway's Subsection 4, the Silang (Aguinaldo) segment, is 65 percent complete while the overall CALAX project is more than 57...
The Parañaque city government announced that five barangays will be affected by water service interruption on Jan. 18 to 31. The Parañaque Public Information Office (PIO), in a Facebook post, said the Maynilad Water Services, Inc will implement water service interruption from 5:00 p.m. to...
The Securities and Exchange Commission has issued advisories to warn the public not to invest their hard-earned money in three firms that are soliciting investments without the necessary permits from the regulator. Based on reports and information it gathered, the corporate watchdog issued warnings...
The Department of Information and Technology (DICT) reported that SIM registration has been completed for 21,128,925 SIMs as of Monday, Jan. 16, 2023, 11:59 PM. Based on records provided by the National Telecommunications Commission (NTC), the total number is 12.5 percent of the 168,977,773 million...
Cemex, Manila Water collaborate on sustainable practices By JAMES A. LOYOLA CEMEX Holdings Philippines, Inc. (CHP) and Manila Water Company, Inc. (Manila Water) have signed a Memorandum of Understanding (MOU) to collaborate on sustainable business practices. In a statement, Manila Water said the...
Nickel Asia Corporation is investing an additional P2.92 billion in Emerging Power, Inc. (EPI) to raise its stake in its renewable energy subsidiary to 95.8 percent. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the planned investment which will...
The number of registered Subscriber Identity Module (SIM) cards in the Philippines has breached 20 million, said the Department of Information and Communications Technology (DICT) on Monday, Jan, 16, nearly three weeks after the mandatory registration began. SIM card (Unsplash) Based on the latest...
Tanduay Distillers Inc. has partnered with Weisshaus, a leading distributor of international spirits, to bring the brand to Austria, making it the first Asian rum brand to enter the country. In a statement issued by Tanduay, Weisshaus Managing Director Andreas Osler said they see Tanduay’s...
Peri-Peri Charcoal Chicken and Sauce Bar (Peri-Peri), a brand owned by Shakey’s Pizza Asia Ventures Inc. (PIZZA), is scaling up its expansion program further in 2023 after ramping up store openings last year, particularly in the second half of 2022. In a disclosure to the Philippine Stock...
Wilcon Depot and Converge strengthen its partnership Wilcon Depot, Philippines’ top construction supplies and home improvement retailer, partners with Converge ICT Solutions, Inc. with their enterprise-grade product, Direct Internet Access (DIA). This allows them to have a dedicated and secured...
