The board of directors of renewable energy pioneer Alternergy Holdings Corporation has given go-signal on the reallocation of substantial portion of its initial public offering (IPO) proceeds to bankroll the construction of its two major wind power projects. With that decision, the company conveyed...
Media Serbisyo Production Corporation (MSPC), the joint venture between Prime Media Holdings Inc. of House Speaker Martin Romualdez and ABS-CBN Corporation, is planning to expand into the digital space while working longer hours. In a disclosure to the Philippine Stock Exchange (PSE), Prime Media...
Local share prices plunged after the government reported that consumer prices surged in September. The main index fell 119.60 points or 1.90 percent to close at 6,178.60 as the Property sector led all sub indices in their retreat. A total of 676 million shares worth P5.43 billion changed...
Senators have called on government agencies to provide stronger cybersecurity measures to prevent attacks such as what happened to the Philippine Health Insurance Corporation (PhilHealth). Sen. Grace Poe said that any cyber attack is unacceptable, especially against government data systems. "As...
Aboitiz Power Corporation is welcomed by Manila Bulletin as one of its major partners in the upcoming Manila Bulletin Sustainability Forum 2023. This move of one of the Philippine’s largest power producer reaffirms its staunch role in advancing sustainability related endeavors. The...
China Banking Corporation (Chinabank) has bagged for the second time the Five-Golden Arrow Award, the highest recognition given by the Institute of Corporate Directors (ICD) to publicly listed companies and insurance firms in the Philippines that excel in corporate governance. “This...
Republic Cement & Building Materials Inc., a member of the Aboitiz Group, has partnered with household and personal care products manufacturer ACS Manufacturing Corporation in a bid to reduce plastic pollution. The cement maker said in a statement that, under this partnership, ACS will be...
The Sy siblings’ flagship SM Investments Corporation (SMIC) is expecting that its portfolio investments will account for more than 10 percent of overall earnings in the medium term. The firm’s investments are in integrated resorts through Belle Corporation, in copper mining through Atlas...
Shell Pilipinas Corporation (SPC) through its retailer partners unveils the opening of its second Shell Recharge site along the Philippine expressways with the launch of its Shell Mobility TPLEX junction site in Rosario, La Union. This latest addition to Shell Recharge's network aims to...
The PSEi managed to eke out a marginal gain after bargain hunters lifted it out of negative territory. The main index inched up by 1.46 points or 0.02 percent to close at 6,305.99 with sectoral indices evenly divided. Volume improved to 856 million shares worth P5.94 billion as losers...
It has been 25 years since Festival Mall, Alabang, opened in 1998. Since then, Filinvest Malls have expanded into opening more malls such as Fora Mall in Tagaytay City, Il Corso in Cebu, and Main Square in Bacoor City, Cavite. Muntinlupa Artemio Simundac, First SVP Francis Gotianun, Former...
Publicly-listed firm Alternergy Holdings Corporation has tapped three investment banks to raise P12 billion worth of loans to bankroll the company’s wind power projects to be sited in Rizal and Quezon provinces. For the targeted fund raising activity, the pioneer renewable energy company had...
