The Philippine Amusement and Gaming Corp. (Pagcor) expects an increase in revenue from government-run casinos this year despite ongoing privatization initiatives. In a statement on Thursday, March 21, the gaming regulator and operator stated that Pagcor-operated casinos are expected to yield P81.27...
The Lopez Group’s Energy Development Corporation (EDC) is planning to raise up to P10 billion from a planned ASEAN Green Bond issuance to fund its expansion plans. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS Aaa, with a Stable...
Gaming and leisure property firm Belle Corporation has set the price of its tender offer for all the minority shares of Premium Leisure Corporation at P0.85 per share for a total of P5.33 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said they are mopping up...
Citicore Energy REIT Corporation (CREIT) declared cash dividends amounting to P353 million or P0.054 per share which is 10 percent higher than the P0.049 a share dividend declared in the previous quarter. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this brings total...
Leaning on the robust power generating assets of its various subsidiaries, Aboitiz Equity Ventures (AEV) has sustained its lead as the country’s biggest power producer with total installed capacity of 5,745.221 megawatts, according to data released by the Energy Regulatory Commission. Inching...
DigiPlus Interactive Corp (DigiPlus), the fastest-growing digital entertainment group in the country, posted a 596 percent surge in attributable net income to P4.1 billion last year from P600.7 million in 2022. In a disclosure to the Philippine Stock Exchange, the firm said “The strong...
A group of homeowners and consumers on Monday, March 18 has urged the Senate to approve the granting of a congressional franchise to Negros Electric and Power Corp. (NEPC), reiterating their support for the privatization of electric power distribution. The group, composed of community...
Clark Freeport and Special Economic Zone in Pampanga has exceeded its investment target for the first quarter of this year, the Clark Development Corp. (CDC) reported. During the recent meeting with Investment and Economic Affairs Secretary Frederick Go, Agnes Devanadera, CDC president and chief...
Maynilad Water Services, Inc., a subsidiary of Metro Pacific Investments Corporation (MPIC), in partnership with DMCI Holdings and Marubeni Corporation, is planning to issue bonds worth up to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue...
Ayala-led energy platform ACEN Corp. reported a drop in last year’s net income due to non-cash items in 2022. In a disclosure to the Philippine Stock Exchange on Tuesday, Mar. 12, ACE said its net income totaled P7.4 billion from January to December 2023, 43 percent lower than in 2022 including...
The government's share of the Philippine Amusement and Gaming Corp. (Pagcor) income remained below its pre-pandemic levels last year, data from the Bureau of the Treasury indicated. According to the Treasury report, the national government received P33.85 billion from Pagcor's income from January...
Belle Corporation is seeking to buy all P4.6 billion worth of minority-held shares of the highly-profitable gaming subsidiary Premium Leisure Corporation (PLC) with the intent of voluntarily delisting it from the Philippine Stock Exchange. In a disclosure to the PSE, PLC said it was “informed of...
