The share price of broadband internet service provider Converge Information and Communications Technology Solutions Inc. dropped upon its debut at the Philippine Stock Exchange. Converge shares closed at P15.22 per share, 9.4 percent lower than its initial public offering price of P16.80...
The oil companies rolled back diesel prices by P0.25 per liter; and kerosene products by P0.15 per liter, based on the announcements of the oil companies. For gasoline, the industry players have not moved prices although in the earlier calculation of some companies, there should have been a...
State-run National Power Corporation (NPC) is seeking P29.824 billion budget for next year, primarily to bankroll its targeted hybrid power system installations in various parts of the country as well as for fuel expenses. Of the proposed allocation, gigantic P23.197 billion will be funneled to the...
The Philippine stock market may take a breather at the start of the week following its strong rally last week but investor sentiment may be swayed by the announcement third quarter results by some index heavyweights. “The local market staged a strong rally but, with the quick surge, the local...
The local market closed its best week since the start of quarantine Friday on the back of good corporate earnings and US stimulus news. The Philippine Stock Exchange index (PSEi) rose by 139.43 points, or 2.2 percent, to close at 6,484.06 although the Services sector did not join the...
San Miguel Corporation (SMC) is planning to buy bigger volumes of plastic wastes to fuel its cement manufacturing facilities as it ramps up efforts to help manage the country's solid wastes and create more livelihood opportunities during the pandemic. San Miguel Corporation (SMC) president and...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) has apprised the Senate Committee on Energy that its liabilities had been trimmed by P29 billion as of June this year to P393.3 billion from a heftier scale of P422 billion as of end-December 2019. During the budget...
Rockwell Land Corporation is developing a 3.6-hectare mixed-use community in Angeles, Pampanga which will include a P6.7 billion luxury residential project with a mall component. In a disclosure to the Philippine Stock Exchange, Rockwell Land said the project will be developed through a partnership...
Games and Amusements Board (GAB) chairman Baham Mitra has called on the Bases Conversion and Development Authority (BCDA) officials to explain how a PBA game official became a "suspect case" for COVID-19 despite the strict measures being implemented inside the bubble in Clark, Pampanga. The league...
San Miguel Corporation (SMC) soft-opens its new, 18-km, P70 Billion Skyway 3 this December and motorists can use the entire span for free for the entire month, President and Chief Operating Officer, Ramon S. Ang announced yesterday. San Miguel Corporation (SMC) president and chief operating...
The long awaited 18-kilometer Skyway Stage 3, which links the NLEX and SLEX for private motorists, will soon by opened by San Miguel Corporation (SMC). Under its soft opening, SMC president and chief operating officer, Ramon S. Ang, announced that will be free to all motorists for an entire month....
