The Securities and Exchange Commission (SEC) has approved Filinvest Land Inc.’s shelf registration for fixed-rate bonds worth up to P35 billion. In a statement, the SEC said its Commission En Banc “resolved to render effective the registration statement of Filinvest Land covering...
Home design and construction supplies retailer Wilcon Depot Inc.’s net income dipped by 7.9 percent to P2.7 billion in the first nine months of 2023 from P2.9 billion in the same period in 2022 due to higher operating expenses. However, the firm’s sales for the nine-month period increased by...
As it continues to traverse rough financial terrain on its operations, Uy-led Phoenix Petroleum Philippines Inc. indicated that it will be pursuing a sale-and-lease back arrangement for its assets with Sy-controlled BDO, which has been its long term go-to bank for credit line. According to Phoenix...
Robinsons Retail Holdings Inc. reported a modest four percent increase in its net earnings to P3.8 billion in the first nine months of 2023 from P3.6 billion in the same period in 2022 as the company remains resilient amid the impact of inflation on consumer spending. In a disclosure to the...
West Zone concessionaire Maynilad Water Services, Inc. has fixed over 27,000 pipe leaks in the third quarter as part of its ongoing effort to reduce non-revenue water (NRW). In a statement, Maynilad said on Thursday, Oct. 26, that the repairs from July to September 2023 brought its total...
East zone water concessionaire Manila Water Co. will conduct service improvement activities in two cities and two municipalities in Metro Manila starting Thursday, Oct. 26. According to Manila Water, ongoing line maintenance will cause little to no water in Quezon City, Cainta and Antipolo in...
Who will win in the copyright infringement and unfair competition case over the noontime TV show “Eat Bulaga”? The hearings for the case ended on Oct. 23 at the Marikina Regional Trial Court Branch 273. TAPE's "Eat Bulaga" TV show has new hosts (Photos from TAPE's Facebook...
The local coconut and biodiesel industries declared that they are ready to increase production in support of President Ferdinand R. Marcos’ plan to increase the mandated biodiesel blend at the pumps to three percent (B3) from the current rate (B2) as part of measures needed to address rising fuel...
The Metropolitan Waterworks and Sewerage System (MWSS), along with Manila Water Co. and Maynilad Water Services, Inc. signed a memorandum of agreement (MOA) to protect three watersheds by 2047. Spearheaded by the MWSS, the Integrated Watershed Management Roadmap for Angat, Ipo, and La Mesa...
Dennis Uy’s Phoenix Petroleum Philippine Inc. approved the selling of its ownership stake in PNX Petroleum Singapore Pte. Ltd. via share buy back. “The divestment is consistent with and pursuant to the Liability Management Exercise [LME] in order to generate additional working capital to...
The Court of Tax Appeals (CTA) has denied the petition filed by Oceanagold Philippines, Inc., which sought from the Bureau of Internal Revenue (BIR0 a refund or tax credits for P155.5 million in excise taxes which it claimed were illegally assessed and collected in 2017. Oceanagold, a mining...
East zone concessionaire Manila Water Co. will conduct service interruptions in Rizal, San Juan, and Quezon City starting Oct. 23 to 26. According to Manila Water, little to no water will be experienced during the late evenings to early mornings due to line maintenance and leak repairs. Meanwhile,...
