Ayala-owned upstream petroleum firm ACE Enexor Inc. has kicked off its search for a deep-pocketed and technically experienced partner for its planned oil and gas exploration venture at an offshore block in Northwest Palawan. ACE Enexor Chairman and CEO Eric T. Francia “We’re beginning to...
Cebu Air Inc., the carrier operating under the name Cebu Pacific (CEB), has secured the approval of its shareholders for plans to raise about US$500 million from the issuance of convertible bonds and preferred shares. In disclosures to the Philippine Stock Exchange, the firm said its...
Consumer advocacy group Laban Konsyumer Inc. (LKI) has urged the government to expand the price freeze to include gasoline, diesel, and construction materials following Malacanang’s declaration of a state of national calamity in the entire island of Luzon. In a letter to the Departments of Trade...
It has been a week since Typhoon Ulysses made landfall in the Philippines, but Maynilad Water Services Inc. has yet to resume its normal production level due to continued high turbidity level of raw water in Ipo Dam. Jennifer Rufo, head of corporate communications at Maynilad, said the sustained...
Photos from PBA, June Mar Fajardo's Instagram account, Saint Pio Home for the Elderly's Facebook page San Miguel Beer big man June Mar Fajardo continues to share his countless blessings to those in need. Fajardo, who just turned 31 on Tuesday, celebrated his birthday by extending help to...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
Consumers’ pockets will be ripped off this week with the massive increases in pump prices at the scale of P1.50 to P1.55 per liter for diesel products; and P1.05 to P1.10 per liter for gasoline products. The oil companies also enforced P1.30 per liter hike in the price of kerosene products, an...
Energy Secretary Alfonso G. Cusi defended the seemingly ‘negligible’ $50 million capital requirement for foreign firms entering the Philippine geothermal sector saying the figure was the scale determined by the government for prospective investment areas on offer....
LT Group, Inc. reported a 9.0 percent growth in attributable net income for the first nine months of 2020 to P16.10 billion from the P14.72 billion reported for the same period last year. In a disclosure to the Philippine Stock Exchange, Philippine National Bank (PNB) contributed P2.24...
Water service interruptions within some parts of Metro Manila may last until Sunday after the turbidity level of raw water in Ipo Dam rose due to Typhoon Ulysses. In a text message, Jennifer Rufo, head for stakeholders communications office of Maynilad Water Services Inc., said as per the estimate...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Andrew Tan, reported a 55 percent drop in attributable net income to P5.8 billion in the first nine months of 2020 from P12.8-billion in the same period last year. In a disclosure to the Philippine Stock Exchange the firm said...
The Makati Medical Center (MMC), the country’s leading healthcare and medical provider, said it will maintain its close to P1 billion expansion program for 2021 they had set even before the pandemic as they move to add more facilities, equipment, and bring its services offsite to serve more...
