Megawide Construction Corporation has formally received the Notice of Award for the P1.87 billion Cavite Bus Rapid Transit (BRT) project from the Office of the Provincial Governor of Cavite. In a disclosure to the Philippine Stock Exchange (PSE), Megawide said the notice dated Dec. 26, 2024, states...
China Banking Corporation (Chinabank) is planning to raise up to P100 billion over the next three years through the issuance of retail bonds and commercial papers. In a disclosure to the Philippine Stock Exchange (PSE), the bank announced its board of directors approved the plan to conduct a...
MPT Mobility has been recognized with the prestigious Best Philippine Customer Experience of the Year award at the 2024 Asian Experience Awards for the #DriveYourWay campaign for MPT DriveHub. As the digital innovations arm of the Metro Pacific Tollways...
The local stock market fell below the 6,500 level on renewed concerns that the US Federal Reserve may hold back on interest rate cuts. The main index lost 48.66 points, or 0.74 percent, to close at 6,496.72, with Conglomerates leading the decline while Miners managed to rally. Volume inched up to...
Property developer DoubleDragon Corporation, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, is planning to raise another P10 billion from the issuance of retail bonds. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS...
Concepcion-led food and beverage firm RFM Corporation has declared cash dividends amounting to P200 million, as it expects to sustain last year's net income growth to about P1.4 billion to P1.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), the company reported that its Board of...
The Clark Development Corporation (CDC) has issued a cease-and-desist order (CDO) against Fontana Development Corporation (FDC) and Fontana Resort and Country Club, Inc. (FRCCI). In a Facebook post, CDC said the order immediately halted all operations within the leased area, including a...
The local stock market dropped after the government reported an uptick in the inflation rate last month. The main index fell 79.79 points, or 1.20 percent, to close at 6,545.38. The Services sector led the retreat, with only Mining and Oil in the green. Volume was higher but still thin at 1.51...
APEC Party-List Rep. Sergio Dagooc (PPAB) A member of the power bloc in the House of Representatives has argued that the Energy Regulatory Commission (ERC) should be penalized for allowing the National Grid Corporation of the Philippines...
United Paragon Mining Corporation (UPM), an idle gold mining firm controlled by the Ramos family, hopes to resolve its negative equity position by March this year as it continues to negotiate with creditors to reduce debt by conversion to equity. “We are pleased to inform you that we are actively...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Power grid operator National Grid Corporation of the Philippines (NGCP) has been religiously paying its three percent franchise tax as mandated by law. This was...
Renewable Energy (RE) firm NexGen Energy Corporation has raised its stake in its solar subsidiary, Solar Powered Agri-rural Communities Corp. (SPARC), which would help raise funding for expansion plans within its solar projects. In a statement on Tuesday, Jan. 7, NexGen said it had increased its...
