Renewable energy (RE) developments in the Alabat Wind Power Project are in full swing, as the Alabat Wind Power Corp. (AWPC) signed an interconnection agreement with the National Grid Corporation of the Philippines (NGCP). The agreement between the grid firm and the subsidiary of Alternergy...
Consumers will have diverging fate at petroleum pumps this week, as those using diesel will be cheered with price rollback, while those filling up their vehicles with gasoline products will bear added financial pain in their pockets. Based on the advisories of the oil companies, the price of...
Investors in the local stock market will be looking forward to the release of the March inflation numbers this week to see if there will be further delays in the central bank's policy rate cuts. “For the first week of April, investors are expected to look towards upcoming economic data for clues....
The Yuchengco Group’s Rizal Commercial Commercial Banking Corporation has declared cash dividends amounting to P2.45 billionn to shareholders as of the record date of April 12, 2024. In a disclosure to the Philippine Stock Exchange, the bank said the cash dividend is equivalent to P1.014 per...
Senator Sherwin Gatchalian has called on the Senate to look into the Bureau of Internal Revenue’s imposition of a 25 percent withholding tax and 12 percent value added tax (VAT) on all cross-border services rendered by non-resident foreign corporations (NRFC). Gatchalian, chairman of...
The Philippine Health Insurance Corporation (PhilHealth) announced that the PhilHealth Member Portal can now be accessed through the eGovPH Super App for “hassle-free” and “accessible” information. PhilHealth PhilHealth said it collaborated with the Department of Information and...
Several efforts have been undertaken, particularly by big businesses, as calls for inclusiveness and diversity mount not just in the global arena but locally, as well. One of the Philippine conglomerates that take to heart this effort is the SM Group, which business interests span across multiple...
The Holy Week's long weekend is officially here. If you're looking for books to read to catch up on that reading habit you set this year, we've listed five books written by women. After all, we're still celebrating International Women's Month, with genres encompassing historical fiction and the...
Jollibee Foods Corporation (JFC), through its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), is acquiring a 10 percent stake in automated coffee and tea dispenser firm Botrista Inc. for $28 million. In a disclosure to the Philippine Stock Exchange (PSE), JFC said it has signed...
Priority procurement of capacity generated from indigenous Malampaya gas had been directed by the Energy Regulatory Commission (ERC) in the power purchase agreement (PPA) underwritten by Manila Electric Company (Meralco) with First Gen Corporation of the Lopez group. Owing to that ruling, the...
The Sy family’s flagship SM Investments Corporation (SMIC) has come in as a strategic partner in Citicore Energy REIT Corporation (CREIT) with the acquisition of a 28.79 percent stake for P5 billion from shareholders led by billionaire Edgar Saavedra. In a disclosure to the Philippine Stock...
The local stock market recovered some lost ground as investors started picking up cheaper stocks. The main index rose 45.07 points or 0.66 percent to close at 6,898.17 led by the advance of the Services sector while Banks and Miners lagged behind. Volume improved to 699 million shares worth P7.62...
