SB Capital Investment Corporation, the wholly-owned investment banking arm of Security Bank Corporation, and RCBC Capital Corporation have successfully arranged and managed a P2-billion private placement of fixed rate notes for Asialink Finance Corporation. In a statement, SB Capital said the...
San Miguel Corporation (SMC) reported that 74 railway professionals under the cadetship program of its Metro Rail Transit-7 (MRT-7) project recently completed their mandatory training under the Philippine Railways Institute (PRI). The firm said in a statement that this training program is a vital...
SP New Energy Corporation (SPNEC) is planning a follow-on offering to raise additional capital as well as to increase its public float specially after this will be further reduced once MGen Renewable Energy Inc. (MGreen) comes in as its new controlling shareholder. In a disclosure to the Philippine...
The Securities and Exchange Commission (SEC) is warning the public against dealing with a firm posing as the country’s oldest conglomerate Ayala Corporation and two other firms due to their unauthorized solicitation of investments without the necessary license from the SEC. In an advisory, the...
It will be a continuing happy drive to the petroleum stations for motorists filling up their vehicles with diesel as the price of this commodity will have a rollback of P0.95 per liter this week, according to the oil companies. Nevertheless, for those using gasoline, the sentiments will be...
Ayala-led energy platform ACEN Corp. has secured P5 billion worth of term loan facility. The loan facility would allow the borrower to request a large disbursement of funds for a term with an agreed schedule for repayment. In a disclosure to the Philippine Stock Exchange, ACEN said the company...
Korean superstar Lee Min-ho returned to the Philippines after seven years and this time, as the new endorser and “Good Guy” of SM Development Corporation (SMDC), the country’s largest real estate developer. Lee Min-ho is the ambassador of SMDC’s premier high-end properties: Gold...
Leading oil firm Petron Corporation is broadening the retail outlets reach of its new Fiesta Gas 170-gram refillable liquefied petroleum gas (LPG) products in the juicy market of Luzon – that was following its successful debut in Cebu and Metro Manila markets. The LPG product’s market expansion...
Security Bank Corporation, a member of the Asia Transition Finance (ATF) Study Group, reported the release of the ATF Annual Report 2023 which aims to help Asian economies move toward net-zero. The ATF Study Group, a private-led initiative whose core participants are banks with operations in Asia,...
The Energy Regulatory Commission (ERC) should thoroughly investigate and verify the National Grid Corporation of the Philippines’ (NGCP) claims they are spending P8.7-billion on janitorial and security services for a purported total of 583 facilities, each costing the company P87,000 per...
Agriculture in the Philippines must be industrialized given the increasing demand, President Marcos said. Poultry megafarm of the San Miguel Foods in Hagonoy, Davao del Sur (Photo courtesy of PCO) Stressing that demand on agricultural products keeps rising amid various factors such as population...
Jose Rene Gregory D. Almendras has resigned from his position in East Zone concessionaire Manila Water Co. Inc. In a disclosure to the Philippine Stock Exchange on Thursday, Oct. 12, Manila Water announced that Almendras, who served as the president of the utility firm from August 2019 to June...
