DUBAI, UAE -- The South Luzon Thermal Energy Corp (SLTEC) generating asset of Ayala-led ACEN Corporation is catching the attention of the world, as this has been tapped as a ‘candidate plant’ for transition credits that will potentially showcase to the world that earlier retirement or phaseout...
Forbes Asia has released its 2023 list of Heroes of Philanthropy which spotlights 15 philanthropists, including San Miguel Corporation Chief Executive Ramon S. Ang, who have in the past year shown commitment and donated generously to causes close to their hearts. Ang is the only Filipino...
Philippine shares rose ahead of the release of economic data here and overseas including the November inflation number. The main index added 39.19 points or 0.63 percent to close at 6,284.37 with the advance led by the surge in Mining and Oil stocks. Volume remained weak though at 446 million...
Motorists using gasoline in their vehicles will need to shell out extra cash in their fuel budgets this week as the price of this commodity will increase by P0.30 per liter, according to the pricing advisory of the oil companies. Conversely, diesel users will experience slight relief in their...
Urban township developer Megaworld Corporation and its wholly-owned subsidiary Suntrust Properties Inc. are spending P7 billion to develop a six-hectare property in Puerto Princesa City, Palawan into a lifestyle estate. In a statement, Megaworld said the project called Baytown Palawan will be...
The local stock market will be waiting for November’s inflation figure this week, hoping that a lower number will spur a rise in share prices. “This week, investors are expected to take cues from our upcoming economic data, primarily from our November inflation print which would give clues on...
Diversified conglomerate San Miguel Corporation (SMC) has raised P34 billion from the sale of firm offer preferred shares and over-subscription option shares during its follow-on offering (FOO). The Philippine Stock Exchange said SMC formally listed its Series 2-L, 2-N and 2-O preferred shares...
The PSEi was up today, Dec. 1, following gains made by US bourses amid hopes that interest rates will not be raised. The main index added 21.45 points or 0.34 percent to close at 6,245.18 as the Property counter led the advance while Banks and Miners lagged behind. Volume declined to 1.68...
PLDT Global Corporation, the international arm of the Philippines' largest integrated telco PLDT Inc., is collaborating with the Overseas Workers Welfare Administration (OWWA) to empower and advocate for the welfare of overseas Filipino workers (OFWs). “Now more than ever, we witness the...
Robinsons Land Corporation announced that Angelo Ascue, Hotel Manager for Summit Hotel Greenhills and Magnolia under Robinsons Hotels and Resorts, has been bestowed with the highly esteemed "Manager of the Year" award at the recently concluded 26th Mabuhay Awards. In a statement, RLC said Ascue is...
The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent. ...
The Gotianun Group’s property development arm Filinvest Land Inc. (FLI) has successfully raised P11.43 billion in fresh capital from the bond market to fund capital expenditures and refinance debt. In a disclosure to the Philippine Stock Exchange (PSE), FLI said its 3.5-year peso fixed-rate...
