Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
The Philippine Amusement and Gaming Corp. (Pagcor) said the privatization of government-operated casinos is set to begin earlier than initially projected, with a target start date in May next year. At the 2024 SiGMA Asia Summit, Alejandro H. Tengco, Pagcor chief executive and chairman, said that...
The Philippine Amusement and Gaming Corp. (Pagcor) said that brick-and-mortar casinos will remain relevant despite the strong growth of online casinos. At the 2024 SiGMA Asia Summit, Alejandro H. Tengco, Pagcor chairman and chief executive, said people's innate need for connection and closeness...
Filipino-led renewable energy (RE) firm NexGen Energy Corp. (XG) had secured regulatory approvals for its initial public offering (IPO), which will wind up at its July 16 listing at the local bourse. The company announced that it cornered both the go-signal of the Securities and Exchange Commission...
While its corporate life will already end in two years, the outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is still at a whopping P292.486 billion as of end-April this year. According to the company, its total debts stand at P254.6...
San Miguel Corp. (SMC) has warned the public regarding fraudulent schemes that promise job opportunities within the company and its subsidiaries in exchange for payment. In an advisory, SMC’s Corporate Human Resources (CHR) said that neither the conglomerate nor its affiliated companies require...
System operator National Grid Corporation of the Philippines (NGCP) forthrightly stated that it can deliver more transmission projects to commercial completion if approvals of the Energy Regulatory Commission (ERC) on its cost recoveries for invested capital could be granted promptly. “With...
BUTUAN CITY – More than 1,000 residents have benefited from the recent service caravan and medical mission conducted by a mining firm in Rosario, Agusan del Sur. “This initiative aimed to provide vital healthcare services and assistance to residents and highlanders especially those in...
Filinvest REIT Corp. (FILRT) has signed a lease agreement with Singapore-based Gear Inc., a global player in business process outsourcing (BPO) established in 2007. In a disclosure to the Philippine Stock Exchange (PSE), FILRT said Gear Inc. powers business growth with over 6,000...
System operator National Grid Corporation of the Philippines (NGCP) is batting for regulatory approval on full cost recovery of its P20.94 billion investment in the newly reinforced 500-kilovolt Hermosa-San Jose transmission line, which is now supporting the wheeling of additional capacities in...
Renewable energy firm NexGen Energy Corporation has set the final price for its P580 million initial public offering (IPO) at the maximum price of P1.68 per share. Based on Philippine Stock Exchange (PSE) documents, NexGen will offer to the public 300 million common shares. As part of the...
The Sy family’s SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has listed its latest P25-billion fixed rate retail bonds at the Philippine Dealing and Exchange Corp. (PDEx) on June 24, 2024. In the Photo (left to right): Daniel D. Camacho,...
