SM Investments Corporation (SMIC), the flagship of the Sy family, is acquiring 184 hectares of land in Muntinlupa City from a nearly wholly-owned subsidiary, Intercontinental Development Corporation (ICDC), through a property-for-shares swap. In a disclosure to the Philippine Stock Exchange, SMIC...
The local stock market rose further on follow-through buying after last week’s cut in a key policy rate. The main index rose by 42.50 points or 0.62 percent to close at 6,889.87 led by the interest-rate sensitive Property sector although Industrials and Conglomerates declined on profit-taking....
Diversified conglomerate San Miguel Corporation is planning to invest up to P5 billion to construct a new off-ramp from the NAIA Expressway (NAIAX) to NAIA Terminal 3 to decongest heavy traffic in the area. In an interview with reporters, SMC Chairman and CEO Ramon S. Ang said the cost will range...
The Board of Investments (BOI) vowed to enhance awareness of incentives for Energy Efficiency and Conservation (EE&C) projects to motivate companies to transition to renewable energy (RE). In a recent roadshow at the Clark Freeport Zone in Pampanga, the BOI presented new guidelines for...
FDC Green Energy Corporation, a subsidiary of FDC Utilities, Inc. (FDCUI) of Gotianun-led Filinvest Development Corp., is poised to advance to construction phase its 20.75-megawatt solar farm project following groundbreaking rites at its PHIVIDEC Industrial Estate project site in Misamis Oriental ....
Consumers will feel anew the painful pinch of higher prices at the pumps this week as gasoline prices will rise by P1.00 per liter; and diesel prices will also climb by P1.20 per liter. Additionally, the price of kerosene products - that has direct effect on aviation fuel as well as other major...
Metro Pacific Agro Ventures (MPAV), a unit of conglomerate Metro Pacific Investments Corporation, is considering the chicken egg and carabao milk businesses while continuing to ramp up its dairy and vegetable capacities. In an interview, MPAV President Juan Victor Hernandez said their core strategy...
Ayala-led ACEN Corporation has broadened partnership deals with two Singaporean firms for transition credits (TC) trading that could financially support the advanced retirement of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Batangas. The latest...
The local stock market is seen to continue riding on optimism this week due to the Bangko Sentral rate (BSP) cut and expectations that the US Federal Reserve may start reducing rates by September. Philstocks Financial Research Manager Japhet Tantiangco said that, while the local market had a good...
DMCI Homes, the residential property development unit of DMCI Holdings Inc., reported that its joint venture with Marubeni Corporation generated P4 billion in reservation sales in just six months of operation. From its January 2024 launch until June this year, 343, or 29 percent of the 1,191...
Lopez-led First Gen Corporation will supply geothermal-generated electricity to global cement firm Holcim for the operation of its manufacturing plants in Mindanao. That green power supply draw will be a key component of the latter’s decarbonization journey. In the power supply agreement (PSA)...
The local stock benchmark surged past the 6,800 level after the Bangko Sentral finally cut the key policy rate after months of market speculation. The main index leaped by 165.53 points or 2.47 percent to close at 6,858.44 as the Services sector led the rally across the board. A total of 629...
