While the company’s net income steadied last year, Aboitiz Power Corp. (AboitizPower) is expecting its new projects to help drive up earnings and offset the slowdown in the Wholesale Electricity Spot Market (WESM) prices. In an ambush interview with Danel Aboitiz, president and chief executive...
NU President and CEO Renato Carlos H. Ermita, Jr. National University (NU), the education arm of Sy-led SM Investments Corp. (SMIC), opened two new campuses in Cebu and Las Piñas within SM properties, bringing its total campus count to 14 in its 125th year. In a statement, SMIC said this...
Motorists traversing North Luzon Expressway (NLEX) should brace for heavy traffic near Marilao interchange bridge, as repairs on the infrastructure are expected to be completed within two weeks. In a statement on Thursday, March 20, NLEX Corp. said it has conducted a thorough...
The PSEi regained the previous day’s loss despite weaker US and regional bourses, as investors continued to pick up cheaper Philippine stocks. The main index added 28.44 points or 0.45 percent to close at 6,313.12, as banks led the advance, while services and miners retreated. Volume rose further...
EEI President and CEO Henry D. Antonio Construction firm EEI Corp. reported that its President and CEO Henry D. Antonio has bought out the stake of House Speaker Martin Romualdez’s RYM Business Management in the company to become its biggest shareholder. In a disclosure to the Philippine Stock...
The Securities and Exchange Commission (SEC) has approved a proposal by the Philippine Stock Exchange (PSE) to exempt giant initial public offerings (IPOs), such as the upcoming IPO of GCash owner Mynt, from the 20-percent minimum public float requirement. “We have been able to get approval from...
The Philippine Stock Exchange index (PSEi) weakened towards the end of the trading day on Tuesday, March 18, as investors decided to pocket gains made in the past few sessions. The benchmark index lost 21.51 points or 0.34 percent to close at 6,284.68, as the services sector led the retreat, while...
Ayala-led ACEN Corp. (ACEN) has announced an investment in its subsidiary, Buendia Christiana Holdings Corp. (BCHC), to support potential energy projects. In a disclosure to the Philippine Stock Exchange on Tuesday, March 18, ACEN revealed it signed a subscription agreement with BCHC. ACEN will...
SMIC President and CEO Frederic C. DyBuncio SM Investments Corp. (SMIC), the Sy family’s flagship, is considering launching its data center business in Batangas but is still waiting for better timing since foreign hyperscalers are still not too keen on setting up shop in the Philippines. In...
Primex Tower in Greenhills, San Juan City Primex Realty Corp., a wholly owned subsidiary of publicly listed developer Primex Corp., has signed a hotel management agreement with Dusit International, one of Thailand's leading hotel and property development companies, for its hotel in Greenhills, San...
Top Line Chairman, President and CEO Eugene Erik C. Lapasaran Lim Cebu-based fuel distributor Top Line Business Development Corp. (Top Line) has set the final price for its initial public offering (IPO) at ₱0.31 per share, lower than the adjusted indicative price of ₱0.38 per share. Based...
Yuchengco-led PetroGreen Energy Corp. (PGEC) reported that its subsidiary BKS Green Energy Corp. is set to bring additional renewable energy (RE) to the Luzon grid by breaking ground on its solar project in Isabela. In a disclosure to the Philippine Stock Exchange on Tuesday, March 18, PGEC said...
