Filinvest Development Corporation (FDC), the investment holding company of the Gotianun family, expects its profits to reach or exceed the pre-pandemic (2019) level this year in line with the domestic economy’s continued growth. In an interview, FDC President and CEO Rhoda A. Huang said...
Petron Corporation, the Philippines’ largest oil company, has retained the highest Issue Credit Rating of PRS Aaa with a Stable Outlook from Philippine Rating Services Corporation (PhilRatings) for its outstanding bonds worth P38.0 billion. Obligations rated PRS Aaa are of the highest...
SM Development Corporation (SMDC), the residential business unit of the SM Group’s SM Prime Holdings Inc., is looking towards the provinces which offer the company strong growth potential because many areas still remain unserved. SM Investments Corporation President and CEO Frederic C. DyBuncio...
Jollibee Foods Corporation (JFC) is seeking to grow its presence in the United States through the expansion of its flagship Jollibee, which is aimed at the fried chicken market, while continuing to develop its Mexican food brand Tortazo. JFC Chief Finance Officer Richard Shin In a media...
The crippling blackouts that plunged Panay island into a state of distress in the initial days of the New Year has less chance of recurrence because of the completion of the 230-kilovolt (kV) Cebu-Negros-Panay (CNP) project of the National Grid Corporation of the Philippines. That has been the...
The local stock market extended its losing streak but some bargain-hunting helped the PSEi to recover most of the day’s losses. The main index shed 4.39 points or 0.07 percent to close at 6,741.07 with sectoral indices evenly divided. Volume was low at 572 million shares worth P4.26 billion as...
Security Bank Corporation and Mitsubishi Motors Corporation have formed a joint venture firm Mitsubishi Motors Finance Philippines Inc. to offer financing services to Mitsubishi customers amid a rapidly expanding domestic car market. In a disclosure to the Philippine Stock Exchange (PSE),...
Repower Energy Development Corp. (REDC) and the National Irrigation Administration (NIA) signed a memorandum of understanding (MOU) for possible hydropower facilities in Quezon, Camarines Sur, and Bohol. In a statement, REDC said that the hydropower unit of Pure Energy Holdings Corp. has received...
DoubleDragon Corporation of Edgar Sia II and Ernesto Tan Caktiong reported that its Singapore-based subsidiary Hotel101 Global Pte. Ltd. is merging with JVSPAC Acquisition Corporation to pave the way for its $2.3 billion listing at the NASDAQ. In a statement, DoubleDragon said Hotel101 and its...
President Marcos has prodded the National Grid Corporation of the Philippines (NGCP) to finish its projects on time as he hailed the organization as the "bedrock" of the country's progress and well-being. President Ferdinand ‘Bongbong’ Marcos Jr. (RTVM screenshot) Marcos said this as he led the...
President Marcos has lauded the energization and inauguration of the newly completed Cebu-Negros-Panay (CNP) 230-kiloVolt (kV) Backbone Stage 3 (CNP3), saying it brings the country one step closer to having a stable and reliable power transmission. President Ferdinand ‘Bongbong’ Marcos Jr....
Motorists will be driving to their frustration at the pumps this week as the price of petroleum commodities will be on a new series of big-time price hikes as announced by the oil companies. Based on the pricing advisories of the industry players, the price of gasoline products will rise by P1.10...
