The Belenos Energy Corp., a wholly owned subsidiary of ACEN Corp., signed an agreement for the acquisition of shares in companies that provide solar power to telecom towers and industrial facilities. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, ACEN said that Belenos has...
First Gen Corp. and Prime Infrastructure Capital, Inc. (Prime Infra) have entered into a lease agreement for the liquefied natural gas (LNG) storage and regasification terminal located in Batangas City. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, First Gen said that...
Tycoon Manuel V. Pangilinan has assumed the leadership of SP New Energy Corp. (SPNEC) following the completion of Manila Electric Co.'s (Meralco) investment in the renewable energy firm. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Dec. 27, SPNEC has announced that MGen...
Tycoon Manuel V. Pangilinan has taken over the helm of SP New Energy Corporation (SPNEC) after Manila Electric Company (Meralco), through MGen Renewable Energy (MGreen), completed its acquisition of a controlling stake in the solar energy firm for P15.9 billion. In a disclosure to the Philippine...
Clark Water Corp. (CWC), a subsidiary of Manila Water Co., has settled a water pollution fine for breaching the Philippine Clean Water Act. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 27, Manila Water said that CWC has adhered to the Pollution Adjudication...
The local stock market is seen to benefit this short trading week from a combination of window-dressing and profit-taking as well as the carry over of positive sentiment from expectations of rate cuts next year. “The final three trading days of the year will see a mix of window dressing and...
Diversified conglomerate San Miguel Corporation (SMC) is advancing into the phased development of a solar farm that will strategically position the cavernous New Manila International Airport (NMIA) in Bulacan as a carbon-neutral infrastructure – with the kick-off installation targeted to provide...
The Bureau of the Treasury reported that state-run companies' financial independence strengthened in October this year, as the national government's subsidy to these corporations decreased. Based on the Treasury bureau’s report, the total subsidies granted to government owned and controlled...
This week’s hefty oil price hikes would be ‘the Grinch” snatching Christmas merriment from the Filipino consumers, with the oil companies announcing P1.60 per liter increase for gasoline and P1.70 per liter hike for diesel products. Further, the price of kerosene - an essential base for...
The local stock market rose to rest just above the 6,500 level on the last trading day before Christmas on the back of higher US bourses. The main index added 31.77 points or 0.49 percent to close at 6,501 as the Industrial sector led the advance while Banks dipped into the red. Volume fell to 536...
The Securities and Exchange Commission (SEC) exempted the Philippine Stock Exchange (PSE) from the 20 percent cap of ownership so it can acquire full ownership of the Philippine Dealing System Holdings Corporation (PDS Group). In a statement, the SEC said it has approved the application of the PSE...
China Banking Corporation (Chinabank) has partnered with DeeMoney, Thailand’s leading Fintech money service business, to facilitate fast and convenient remittance from Thailand to the Philippines. In a statement, the bank said the partnership will allow it to connect via the RippleNet...
