MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
The local stock market is seen to be volatile in the next few weeks while investors wait for the US Federal Reserve meeting at the end of January although general sentiment remains positive amid expectations of rate cuts later this year. “The first US Fed meeting is scheduled for January 30- 31....
The Lopez Group’s economic zone operator First Philippine Industrial Park (FPIP) has lined up various community-oriented initiatives to further improve conditions in the cities of Santo Tomas and Tanauan in Batangas. In a statement, the firm said this is part of its efforts to give back to the...
The local stock market dipped to end the week lower as investors seek fresh catalysts. The main index shed 7.33 points or 0.11 percent to close at 6,503.54 with sectoral indices evenly split. Volume rose to 301 million shares worth P6.19 billion as gainers outnumbered losers 106 to 65 with 59...
President Marcos is hoping that a conglomerate company in the Philippines would continue to contribute to employment which will eventually enrich the country's economy. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos stated this as he led the inauguration of the expanded...
ABS-CBN Corporation reported that its entertainment business unit Star Cinema has set a new record for the Philippines’ highest grossing film of all time after its official entry for the Metro Manila Film Festival “Rewind” reaped a total of P845 million from local and international sales as...
SM Investments Corporation (SMIC) subsidiary 2GO Group Inc., the Philippines’ largest integrated transportation and logistics solutions provider, has marked the opening of its 100th 2GO-owned retail store at Greenhills Shopping Center. In a statement, 2Go said the new store allows it to extend...
Billionaire Fernando Zobel de Ayala, Board Director of the country’s oldest conglomerate Ayala Corporation, has been conferred the Pro Ecclesia et Pontifice (For Church and Pope), the highest honor the Pope bestows upon a layperson. Ayala Corp. Director Fernando Zobel de Ayala receives Pope's...
President Marcos paid tribute to business leader John Gokongwei Jr. for his contributions to the country through his business ventures. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) In his speech during the inauguration of expanded petrochemicals manufacturing complex of the JG Summit...
Billionaire Jaime Augusto Zobel de Ayala (JAZA), chairman and CEO of the Philippines' oldest conglomerate Ayala Corporation, calls on both private and public sectors to work together to close persistent gaps in four major sectors for exponential growth and equitable progress amid government's goal...
The local stock market dropped closer to the 6,500 level as investors worry that recent economic data may lead to less aggressive rate cuts. The main index fell 61.64 points or 0.94 percent to close at 6,510.87, with the Property and Mining counters leading the retreat. Volume declined to 314...
Senator Grace Poe on Thursday, January 18 urged the government, the National Grid Corporation of the Philippines (NGCP), and other stakeholders to immediately put a stop to the rotational blackouts occurring in the Western Visayas region. “The rotational blackout in parts of Western...
