Metro Pacific Tollways Corporation (MPTC), a subsidiary of Pangilinan-led Metro Pacific Investments Corporation (MPIC), is raising P30 billion to P50 billion in equity to pay for maturing obligations. In an interview at the sidelines of Management Association of the Philippines general membership...
(Unsplash) Two House of Representatives members have came out to debunk the alleged franchise violations of transmission company National Grid Corporation of the Philippines (NGCP). Philreca Party-List Rep. Presley de Jesus and Cagayan de Oro...
The National Grid Corporation of the Philippines (NGCP) announced that its transmission wheeling rates increased in December due to the effects of cold weather, which lowered consumer electricity consumption. In a briefing on Wednesday, Jan. 15, NGCP reported that wheeling rates, the charges for...
Filinvest REIT Corporation (FILRT), the real estate investment trust of the Gotianun Group, reported a 13.3 percent increase in new leases in the first nine months of 2024 compared to the same period in 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this is largely...
The Jollibee Group has inaugurated the first Tiong Bahru Bakery branch in the Philippines—its first foray into fresh viennoiseries and handmade pastries—more than a year after signing a joint venture to bring the brand to the country. Originally hailing from Singapore, Tiong Bahru Bakery is...
RFM Corporation president and CEO Jose Ma. A. Concepcion III continues to acquire more shares of the food and beverage firm, this time buying P114 million worth of stocks from the weak market. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Concepcion picked up 30 million RFM...
Cagayan de Oro City 2nd district Rep. Rufus Rodriguez (Ellson Quismorio/ MANILA BULLETIN) Saying that the National Grid Corporation of the Philippines (NGCP) has been compliant with its franchise requirements, Cagayan de Oro City 2nd...
The local stock market continued its descent as investors wait for positive catalysts while coming to terms with the prospect of fewer interest rate cuts this year. The main index dropped 43.43 points or 0.68 percent to close at 6,299.67 as Industrials led the decline while Miners and the Property...
The Securities and Exchange Commission (SEC) reported that the Court of Appeals (CA) has upheld the cease and desist order (CDO) the commission issued against AlphanetWorld Corporation. AlphanetWorld, doing business under the name and style of NWorld, was ordered by the SEC to stop soliciting...
First Gen Visayas Energy Inc. (FGVEI), a subsidiary of renewable energy company First Gen Corporation, has been fined by the Department of Energy (DOE) for the late filing of reports on its wind energy projects. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, January 14, First...
Energy firm Semirara Mining and Power Corporation (SMPC) announced a new record for coal shipments in 2024, driven by stronger demand from China and domestic markets. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan.14, SMPC reported reaching 16.5 million metric tons (MT) of...
Metro Pacific affiliate Axelum Resources Corporation is embarking on an aggressive growth agenda to take advantage of robust demand, upward pricing, and supply tightness in the global coconut products industry this year. In a disclosure to the Philippine Stock Exchange, the firm said these steps...
