The solar power installations of Pilipinas Shell Petroleum Corporation sprang up as “the light of the end of the tunnel” that reversed the stream of darkness that had long afflicted some communities or a village (barangay) along the Batangas-Tabangao-Lobo stretch. Via the Save, Invest and...
China Banking Corporation (China Bank) reported a 20 percent growth in net income to P12.1 billion despite the challenges posed by the pandemic last year. In a disclosure to the Philippine Stock Exchange, the bank said its bigger profits translated to an improved return on equity of 12.1 percent...
Local share prices rose Friday, ( Feb. 26) as investors picked up bargains amid news that vaccines will finally arrive, ignoring an overnight sell-off in Wall Street. The Philippine Stock Exchange index (PSEi) gained 38.91 points, or 0.58 percent, to close at 6,794.86 although sector indices were...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
China Banking Corporation (China Bank) bagged a Gold Anvil for the success of the Bank’s centennial events and campaigns despite a scaled-back celebration in light of the pandemic. With the theme "Celebrating the Past. Embracing the Future", China Bank’s 100 th anniversary program...
The Department of Environment and Natural Resources-Environmental Management Bureau in Region 10 (DENR-EMB 10) has lauded FDC Misamis Power Corporation (FDC Misamis) for the man-made forest it built in the province To be specific, DENR cited the forest management and reforestation programs of FDC...
Diversified conglomerate San Miguel Corporation (SMC) is inclined to resolve at the negotiating table the P23.94 billion billing dispute of its subsidiary South Premiere Power Corporation (SPPC) with state-run Power Sector Assets and Liabilities Management Corporation (PSALM) for the 1,200-megawatt...
The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corporation’s planned issuance of fixed-rate bonds worth up to P30 billion. The SEC said AboitizPower may issue the debt securities in one or more series within three years. For the first tranche, the listed...
ABS-CBN Corporation was again honored for its good corporate governance alongside other top organizations in the Philippines in the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Awards. Just like in 2018, ABS-CBN was the only media company that made it among the outstanding domestic...
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
Local share prices dropped on Wednesday, (Feb. 24) as sentiment continue to be weighed down by government’s decision not to ease lockdown measures. The PSEi lost 58.72 points, or 0.86 percent, to close at 6,755.95 as all sectors weakened across the board. PSE file photo Volume rose to 36.1...
AllHome, the Villar retail group’s one-stop shop for home needs, has added another branch to its network outside Metro Manila as it opens a store in Cauayan City, Isabela. Situated in Brgy. Sillawit, Cauayan City, the latest addition to the AllHome store network boasts of a floor area of...
