Motorists filling up their vehicles with gasoline products can benefit from higher price cuts of P0.75 per liter at the pumps this week, based on the price reduction advisory of the oil firms. Similarly, the price of diesel products will be trimmed by P0.65 per liter; while kerosene prices will be...
Metro Pacific Tollways Corporation (MPTC), a subsidiary of Manuel V. Pangilinan-controlled conglomerate Metro Pacific Investments Corporation (MPIC), needs to raise about $600 million if its bid to invest in a major tollway company in Indonesia is successful. In a virtual briefing, MPTC Chief...
From left: Angelina Magsanoc, vice president of corporate communications and brand and reputation management of Arthaland Corporation; Oliver L. Chan, senior vice president of sales, leasing and marketing operations of Arthaland Corporation; Jordan Tan, Manila Bulletin head of business...
China Banking Corporation (Chinabank) was named as The Big Shift Champion of the Year during the Excellence in Customer Engagement Awards 2023 at the recent ENGAGE 2023 conference of Backbase, the global leader in engagement banking platform. In a statement, the bank said it was distinguished for...
Lopez-led First Gen Corporation has awarded its next cargo of liquefied natural gas (LNG) delivery to multinational fuel trading firm Trafigura Pte Ltd. Based on the awarded contract, Trafigura will have to supply one cargo LNG with a volume of roughly 154,500 cubic meters (m3) – which will be...
AREIT Inc., the real estate investment trust of Ayala Land Inc., is acquiring P6.77 billion worth of industrial assets from another member of the Ayala Group, ACEN Corporation, to bolster its portfolio further. In a disclosure to the Philippine Stock Exchange (PSE), AREIT said it is acquiring 276...
Ayala-led energy platform ACEN Corp. has reallocated funds generated from its preferred share offering to its eco-friendly power projects. In a disclosure to the Philippine Stock Exchange, ACEN listed the changes including its transaction expenses related to the offering of Series A and Series B...
The Light Rail Manila Corporation (LRMC), private operator of the Light Rail Transit (LRT) 1, has established partnerships with the Department of Environment and Natural Resources (DENR) and the Pasay City local government to rehabilitate waterways near the LRT-1 depot in the city. The team up is...
Senator Sherwin Gatchalian on Thursday, November 16 said he expects power consumers to greatly benefit from the Energy Regulatory Commission’s (ERC) decision to reduce the National Grid Corporation of the Philippines’ (NGCP) annual revenue to P36.7-billion. The amount is...
Telecom and media network company NOW Corporation has established ties with German-based satellite tech solutions firm Rivada Space Networks to improve the firm’s connectivity and security infrastructures. Through the partnership, NOW Corp will be able to utilize Rivada’s OuterNET™, described...
The Villar retail group’s AllHome Corporation, the Philippines’ pioneering one-stop full line home center, posted a 46 percent jump in net income to P582 million in the first nine months of 2023 from the P399 million earned in the same period last year. In a disclosure to the Philippine Stock...
Filinvest Development Corporation (FDC), the investment holding company of the Gotianun family, reported a 57 percent rise in attributable net income to P5.9 billion for the first nine months of 2023 from the P3.8 billion generated in the same period last year as it continues to recover from the...
