The Bases Conversion and Development Authority (BCDA) along with the John Hay Management Corporation (JHMC) has partnered with the Department of Information and Communications Technology (DICT) to establish the North Luzon Data Center. The North Luzon Data Center will be the institution for...
Berong Nickel Corporation (BNC), a subsidiary of the Consunji family’s DMCI Mining Corporation, reported that it has successfully rehabilitated over 30 hectares of the now-depleted Berong nickel mine. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this means it has...
The Advisory Body for the Maharlika Investment Corp. (MIC) has received a considerable number of applications for the six vacant positions on the board of directors of the sovereign wealth fund. The Advisory Body, which consists of the Department of Budget and Management (DBM), National Economic...
Vivant Corporation reported that its subsidiary Vivant Energy Corporation and Vena Energy have welcomed AboitizPower (AP), through its subsidiary Aboitiz Renewables Inc. (ARI), into a partnership that will develop, construct and operate a 200-megawatt (MW) wind power plant in Samar. In a disclosure...
The Philippine stock market surged for the fifth day in a row as investors continue to find share prices low. The main index jumped 110.74 points or 1.77 percent as Banks led the charge across the board. Volume was lower but still higher than average at 764 million shares worth P6.73 billion...
The local stock market jumped on follow through buying aided by lower oil prices. The main index surged by 91.10 points or 1.48 percent to close at 6,263.94 as the Property and Banking sectors led the rally across the board. Volume was heavy at 6.41 billion shares worth P35.16 billion...
Listed firm Shell Pilipinas Corporation is injecting additional capital for the ‘high grading’ of at least 50 mobility stations yearly that have already gone past their prime due to several decades of operations in servicing customers. According to Shell Pilipinas Vice President for Mobility...
Ayala Land Inc. (ALI) and the International Finance Corporation (IFC) have signed a Memorandum of Understanding (MOU) for a partnership that would help accelerate the transition of the Philippine property sector toward net zero. Under this historic agreement, ALI and its real estate investment...
Five leading internet service providers (ISPs) in the country have signed a Memorandum of Understanding (MOU) with the Intellectual Property Office of the Philippines (IPOPHL) to establish a site-blocking mechanism against pirate sites. The ISPS that signed the MOU include Globe Telecom, PLDT...
Tycoon Andrew Tan’s Megaworld Corporation is expecting to generate revenues amounting to P29 billion upon the completion by 2032 of its sixth residential condominium tower within its 15.4-hectare Uptown Bonifacio township in Taguig City. In a disclosure to the Philippine Stock Exchange...
Sen. Mark Villar called on the Senate to conduct an inquiry in aid of legislation following a recent cyberattack against the Philippine Health Insurance Corporation (PhilHealth) and all the other attacks against government websites. Villar filed Resolution No. 811 before the Senate directing...
Tycoon Fernando Zobel de Ayala has returned to AC Healthcare as its chairman as he continues to increase his phased return to senior positions of governance in the Ayala Group after previously stepping back due to undisclosed health reasons. In a statement, Ayala Corporation said Zobel was...
