SM Investments Corporation (SMIC), the flagship of the Sy family, and its banking arm BDO Unibank Inc. are cautiously optimistic about their prospects next year even as they expect to wrap up 2023 with decent growth numbers. In an interview, SMIC Vice Chairperson Teresita Sy-Coson said “this year...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), sees a larger market potential for its “SIKAPPINOY Asenso” (Asenso) all-in-one remittance, savings, and investments platform for Filipinos in Japan. This comes after an increase in overall remittances from overseas...
Ayala-led ACEN Corporation has firmed up a deal with the Asian Development Bank (ADB) and Bank of the Philippine Islands (BPI) to raise P11 billion worth of sustainability-linked term loan facility that will partly bankroll the company’s solar projects. The loan, according to ACEN, will carry...
PetroGreen Energy Corp. (PGEC), the energy arm of Yuchengco-led PetroEnergy Resources Corp. (PERC), completed the site development works for its 27-megawatt direct current (MWdc) Dagohoy Solar Power Project in Dagohoy, Bohol. The project is currently the first large utility-scale solar power...
The local stock market declined despite the strong performance by its US counterparts as investors here preferred to wait for results of both US Federal Reserve and Bangko Sentral Pilipinas (BSP) policy meetings. The main index dropped 36.65 points or 0.58 percent to close at 6,255.74 as the...
Vivant Energy Corp., a wholly-owned subsidiary of Vivant Corp., has sealed a loan agreement with the Metropolitan Bank and Trust Co. (Metrobank) to obtain funding for power projects and other expenses. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 13, the Cebu-based company...
SM Investment Corporation’s (SMIC) subsidiary 2GO Group Inc., the Philippines' largest transportation and logistics solutions provider, was selected to be the primary logistics solutions and delivery partner for WalterMart Supermarket’s e-commerce business. In a statement, SMIC said this...
Renewable energy firm Alternergy Holdings Corp. announced plans to borrow money for eco-friendly power projects recently awarded by the government to its subsidiaries. In a disclosure to the Philippine Stock Exchange on Wednesday, Dec. 13, Alternergy said it plans to sell fixed-rate green bonds...
The local stock market rose on thin volume as it benefited from the hike in US stock prices ahead of the release of the US inflation numbers for November. The main index added 64.10 points or 1.03 percent to close at 6,292.39 as Banks led all sectors in the advance. Volume declined to 314...
Diversified conglomerate San Miguel Corporation has invested over P3.05 billion since 2013 to build or help provide new homes for families impacted by natural disasters, and various development projects. In a statement, the firm said that, in the aftermath of typhoons Sendong and Yolanda, it has...
Ayala Corporation, the holding company of the Zobel family, has signed with MUFG Bank Ltd. (MUFG) and Sun Life Philippines sustainability-linked credit facilities with an aggregate amount of P5 billion. In a statement, the country’s oldest conglomerate said this is to reaffirm its commitment to...
SP New Energy Corp. (SPNEC) has acquired all of the shares of Prime Infrastructure Inc. (Prime Infra) in their joint venture firm Terra Solar Philippines Inc. (TSPI) for P6 billion to build the world’s largest solar project at a cost of about P200 billion. In a disclosure to the Philippine Stock...
