The Energy Regulatory Commission (ERC) has outlined 11 regulatory priorities for the first semester of 2025, with a focus on issues related to the National Grid Corporation of the Philippines (NGCP) and Manila Electric Company (Meralco). In a briefing, ERC Chairperson Monalisa Dimalanta said the...
Zamora-led Nickel Asia Corporation (NAC) is planning to divest its stake in Coral Bay Nickel Corporation (CBNC), one of the world’s largest producers of nickel and cobalt, in favor of strategic partner Sumitomo Metal Mining Co., Ltd (SMM). In a disclosure to the Philippine Stock Exchange (PSE),...
Asiabest Group International Inc. (ABG) will be transformed by businessman Francis Lloyd Chua’s PremiumLands Corporation (PLC) into an end-to-end infrastructure business group encompassing the whole industry ecosystem. In a disclosure to the Philippine Stock Exchange (PSE), ABG said it will...
The local stock market started the week on the positive side, with the PSEi sustaining the advance made in the first two trading days of the year. The main index added 21.36 points or 0.32 percent to close at 6,625.17 although only Banks and Services were up while most sectors were lower. Volume...
First Gen Corporation (FGen), through its subsidiary FGen Liquefied Natural Gas Corporation (FGen LNG), has received approval to operate and maintain its interim offshore LNG terminal. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 6, FGen announced that FGen LNG will operate the...
In the photo from left to right: Ollygar Von Palay (Finance Manager, WeFund Lending Corp.), Francisco “Coco” Mauricio (President and CEO, WeFund Lending Corp.), John Cary L. Ong (Executive Vice President, Security Bank), Alexis Xu (Chief Financial Officer, Finvolution Group), Earvin...
ILOILO CITY – To avoid a repeat of the massive blackouts that affected Iloilo and Panay Island last year, MORE Electric and Power Corp. (MORE Power) urged the National Grid Corp. of the Philippines (NGCP) to complete its substation in this city. A LINEMAN of MORE Power...
Tycoon Lance Y. Gokongwei has stepped down as president and chief executive officer of Robinsons Land Corporation (RLC), with Maria Socorro Isabella V. Aragon-Gobio elected as his successor. In a disclosure to the Philippine Stock Exchange (PSE), the firm stated that Robina Gokongwei-Pe has also...
Jollibee Foods Corporation, one of the largest Asian food service companies, is acquiring a controlling interest in the leading Chinese wellness soup brand in Taiwan through its subsidiary Milkshop International Co. Ltd. (Milksha) for P183.5 million. In a disclosure to the Philippine Stock Exchange...
Despite a year-long trend of declining government support, state-owned corporations, particularly major non-financial institutions, received a substantial boost in subsidies in November last year Data from the Bureau of the Treasury (BTr) showed that state subsidies to government-owned and...
The Consunji Group’s DMCI Holdings Inc. may be shelving its plan to develop a new cement manufacturing plant on Semirara Island that would have utilized by-products from the coal mining operations of Semirara Mining and Power Corporation (SMPC). In an interview, DMCI Chief Finance Officer Herbert...
The release of the December 2024 inflation numbers will heavily influence the local stock market this week as trading volume normalizes with traders returning from the holidays. “Eyes are going to be on the Philippines’ December inflation data as this will provide clues on the Bangko Sentral ng...
