The unit of power distributor Manila Electric Co. (Meralco) has completed its initial investment, laying the groundwork for its prospective takeover of SP New Energy Corp. (SPNEC). In a disclosure to the Philippine Stock Exchange on Friday, Dec. 1, SPNEC said the Leviste-led firm has received P7...
The local stock market continued to decline as investors adjust their holdings to the new MSCI index composition. The main index dropped 41.41 points or 0.66 percent to close at 6,223.73 with Conglomerates leading the retreat although Banks and Property stocks managed to advance. Volume...
The local government of Bugallon in Pangasinan, through Mayor Priscilla Espino, greenlighted PetroGreen Energy Corp.’s 25 megawatts (MW) solar power project. The Yuchengo-led firm said that the project, which will be located in a 25-hectare site in barangay Salomague Sur, is set to start...
Renewable energy firm Energy Development Corporation (EDC), a subsidiary of Lopez-led First Gen Corporation, is scheduling the second tranche of its ASEAN green bond offering with target proceeds of P10 billion that will continually bankroll the company’s projects. In a disclosure to the...
Metro Pacific Tollways Corporation (MPTC), the leading mobility infrastructure and solutions provider in the Philippines, supported UNICEF Philippines in its unwavering commitment to champion the rights and well-being of children on World Children's Day 2023, last Nov. 20. To celebrate World...
The local stock market opened the shorter trading week on a positive note as month’s end window dressing started while oil prices weakened. The main index rose by 40.07 points or 0.64 percent to close at 6,309.57 as the Property sector surged to lead the advance while the Industrial and...
Diversified conglomerate San Miguel Corporation (SMC) climbed 131 spots and surged to number 43 on the annual World’s Best Employers list by Forbes Magazine and research firm Statista. In a statement, SMC said it emerged as the runaway leader among the few Filipino firms that made it to the...
Motorists using diesel in their vehicles are up for a slight pinch in their wallets this week as the price of this commodity will rise by P0.30 per liter, based on the pricing advisory of the oil companies. The other product that will experience upward adjustment of P0.65 per liter this week will...
Century Properties Group Inc. (CPG) has fully acquired PHirst, its first-home residential venture, five years after entering a fruitful joint venture with Mitsubishi Corporation. In a statement over the weekend, CPG Executive Chairman Amb. Jose E.B. Antonio emphasized the strategic importance...
A SALUTE TO OUR HORSE BUDDIES Clark held its 15th Horsefest at the El Kabayo Grounds Throughout the course of human history, the connection between humans and horses is woven with threads of mutual understanding, trust, and companionship. Horses have long held a special place in our hearts, not...
House Speaker Martin Romualdez (Speaker’s office) Promoting the Maharlika Investment Fund (MIF) might not have been part of the main agenda of the just-concluded 31st Asia-Pacific Parliamentary Forum (APPF31), but team Philippines still found a way to "sell" it...
Zambales Diversified Metals Corporation (ZDMC), a subsidiary of DMCI Mining, has been awarded the Presidential Mineral Industry Environmental Award (PMIEA). In a statement, the firm said this is in recognition of its commitment to environmental protection, safety measures, community development,...
