SP New Energy Corp. (SPNEC) has acquired all of the shares of Prime Infrastructure Inc. (Prime Infra) in their joint venture firm Terra Solar Philippines Inc. (TSPI) for P6 billion to build the world’s largest solar project at a cost of about P200 billion. In a disclosure to the Philippine Stock...
Manuel V. Pangilinan, the current chairman of the PLDT Group, will serve as the President and Chief Executive Officer (CEO) of PLDT and Smart Communications Inc. following the retirement of incumbent head Alfredo S. Panlilio. PLDT Chairman Manny V. Pangilinan In a disclosure to the Philippine...
The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent. ...
Metro Pacific Tollways Corporation (MPTC), a subsidiary of Manuel V. Pangilinan-controlled conglomerate Metro Pacific Investments Corporation (MPIC), needs to raise about $600 million if its bid to invest in a major tollway company in Indonesia is successful. In a virtual briefing, MPTC Chief...
Metro Pacific Investments Corporation, now a privately-held conglomerate of the First Pacific Group and other top conglomerates, reported a 37 percent growth in consolidated core net income to P16.2 billion for the first nine months of 2023 from the P11.8 billion earned in the same period last...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a drop in core net income to P864 million for the first nine months of 2023 from the P1.54 billion earned in the same period last year as its Padcal mine nears depletion. In a disclosure...
SP New Energy Corporation (SPNEC) is planning a follow-on offering to raise additional capital as well as to increase its public float specially after this will be further reduced once MGen Renewable Energy Inc. (MGreen) comes in as its new controlling shareholder. In a disclosure to the Philippine...
Landco President and CEO Erickson Y. Manzano spearheaded the premium real estate developer’s inaugural roadshow to Southern California and to a broader US market at The Aster, citing the support of its parent company Metro Pacific Investment Corporation’s Chairman Manuel V. Pangilinan . Landco...
Mining allows green technology to flourish on top of economic benefits such as the generation of revenues and jobs to uplift the lives and promote the welfare of the people, particularly in far-flung areas, according to businessman Manuel V. Pangilinan. As Philex Mining Corporation chairman,...
Metro Pacific Investments Corporation (MPIC) is now all set for delisting following the high acceptance rate of the management-led tender offer, which mopped up P28.42 billion worth of the firm’s free float shares. In a disclosure to the Philippine Stock Exchange (PSE), GT Capital Holdings Inc....
Power utility giant Manila Electric Company (Meralco) has formally launched its scholarship program for students and professionals who will be pursuing graduate studies or mid-career academic degrees in nuclear engineering at top-tier universities and institutions overseas. The scholarship program,...
Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
