The PSEi dipped as investors wait for fresh cues although sentiment was also dampened by the Bangko Sentral ng Pilipinas’ (BSP) signal that it is not lowering rates soon. The main index shed 6.48 points or 0.10 percent to close at 6,228.29 as Banks led the decline while Conglomerates and...
ENEOS Philippines Corporation (ENEPH), the local office of Japan’s No. 1 oil company ENEOS Motor Oil, has partnered with The Plastic Flamingo Corporation (The Plaf) as part of its commitment to sustainability and in support of the Extended Producer Responsibility Act of 2022 (EPRA). The...
Hotel101 Group Head of Sales, Jamaica Puti (left), DOT Beijing’s Ernie Teston (right), and the Hotel101 Group raffle prize winner (center) at the China Outbound Travel & Tourism Market. Hotel101 Group, the hospitality arm of DoubleDragon Corporation, participated in international expos...
The Securities and Exchange Commission (SEC) conditionally approved the planned P708-million direct public offering of Angeles Electric Corporation, allowing the Nepomuceno family to dilute it full ownership to 82.4 percent stake. In its meeting on Dec. 7, the Commission En Banc resolved to...
Landco team with scholars in front of the Christmas tree. Landco Pacific Corporation, a subsidiary of Metro Pacific Investments Corporation (MPIC), recently hosted its annual Christmas tree lighting event at Calatagan South Beach (CaSoBe), a mixed residential and commercial development located in...
Described as the company’s critical milestone, the Alabat and Tanay wind projects of the Alternergy Tanay Wind Corp. (ATWC) received certificates of award (COA) from the Department of Energy (DOE) for being the winning bids under the Green Energy Auction 2 (GEA-2). In a disclosure to the...
DUBAI, UAE – Ayala-led ACEN Corporation is batting for viable ‘replacement cash flow’ that will satisfy its shareholders on the planned accelerated retirement of its 246-megawatt South Luzon Thermal Energy Corp (SLTEC) coal plant. In an interview at the COP28 side events, ACEN President and...
Santa’s slick surprise will also manifest at the oil pumps this week as the price of diesel products will be on rollback by a significant P1.85 per liter; while gasoline prices will be trimmed by P1.60 per liter, based on the price adjustment announcements of the oil companies. The industry...
EEI Corporation, a member of the Yuchengco Group, is seeking to diversify from its main line of EPC (engineering, procurement, construction) work for the petroleum industry into civil works in the Middle East where there is growing demand for the construction of buildings and infrastructure. In an...
This week, stock investors will be mainly looking at the policy meetings of the US and Philippine central banks for catalysts even as hopes for a Santa Claus rally seem to have waned. “The local bourse is on a 2-week losing streak as investors continue to take profits. In the process, the market...
Davao tycoon Dennis A. Uy has found a new partner in Japanese gaming firm Universal Entertainment Corporation (UEC), which has agreed to complete the partially-developed Emerald Bay Resort in Cebu. UEC will be developing the casino resort complex through Philippine subsidiary Tiger Resort Leisure...
Vivant Corporation’s (VVT) subsidiary, Vivant Energy Corp. (Vivant Energy) signed a term loan facility with Banco De Oro Universal Bank (BDO UniBank). In a disclosure to the Philippine Stock Exchange (PSE), a total of P3.5 billion was inked in agreement to partially finance the investments...
