In an effort to achieve net-zero carbon emissions by 2050, renewable energy (RE) provider First Gen Corporation announced that it is adding another adaptable technology to its natural gas-fired power plants by allowing the facilities to have clean or carbon-free fuel. On the sidelines of a recent...
Motorists will have a frustrating drive to the petroleum service stations this week as they will be greeted with diesel prices rising by P0.90 per liter; while diesel prices will be going up by P0.45 per liter. Kerosene, which is their cousin in the weekly triumvirate of price adjustments, will...
Philippine National Bank is planning to sell 9.18 percent, worth about P2.3 billion, of its real estate subsidiary PNB Holdings Corporation after setting the stage for a possible listing by way of introduction. In a disclosure to the Philippine Stock Exchange, the bank said it had set Oct. 25,...
The Consunji Group is considering the sale of a small stake in Cemex Holdings Philippines (CHP) to ensure that the trading if its shares is not suspended and the stock will not be delisted if its public float falls below the minimum 10 percent after its tender offer. The group expects to complete...
The local stock market is seen to remain bullish and try to breach the 7,500 level this week although there will continue to be bouts of profit-taking—making it more volatile. While the Philippine Stock Exchange is already in a bull market, Philstocks Financial Research Manager Japhet Tantiangco...
While US bourses hit new highs, the PSEi eased lower on some profit-taking as it gathers more momentum before trying to breach the 7,500 level. The main index shed 30.44 points or 0.41 percent to close at 7,428.30 with Banks being the main drag as Industrials was flat while most sectors actually...
By Angelica Ballesteros Behind the remarkable success of Ayala Corp.—the oldest and one of the largest conglomerates in the Philippines—lies the profound influence of a truly extraordinary woman. Doña Bea Zobel de Ayala, whose unwavering guidance and resilience shaped the very foundation...
The local stock market made a strong bounce after a bout of profit-taking as the country’s economic outlook turns rosier. The main index jumped 96.12 points or 1.31 percent to close at 7,458.74 as Banks led the recovery while Miners lagged behind. Volume rose to 1.18 billion shares worth...
Renewable energy company Alternergy Holdings Corp. is looking for new funding to support its capital expenditures (capex) for the planned capacity expansion of 190 to 200 megawatts. In a briefing on Thursday, Sept. 26, Alternergy President Gerry Magbanua said that the company is actively exploring...
From left: ICD Chairman Pedro Maniego Jr., Philippine Stock Exchange Chief Operating Officer Roel Refran, Chinabank Chief Finance Officer Patrick Cheng and Independent Director Genaro Lapez, Securities and Exchange Commission Chairman & Chief Operating Officer Emilio Aquino, and ICD Vice...
Metro Pacific Health Corporation (MPH), the leading private hospital group in the country, has acquired a majority stake in San Francisco Doctors Hospital (SFDH) in Agusan del Sur. The investment,. made with subsidiary Santos Clinic, Inc. (SCI) which owns and operates Manuel J. Santos Hospital...
Project sponsor-firm MGen Renewable Energy Inc. (MGreen), which is a subsidiary of Meralco PowerGen, has cemented a deal with affiliate Meralco Industrial Engineering Services Corporation (MIESCOR) for some construction components in the conglomerate’s $4.0 billion Terra Solar project. In a...
