CNPF set to complete P700-M coco facility expansion By JAMES A. LOYOLA Century Pacific Food, Inc. (CNPF), one of the largest food and beverage manufacturers in the Philippines, is expecting to complete the P700-million expansion of its coconut OEM (original equipment manufacturer) facility in...
Solar Philippines Nueva Ecija Corporation (SPNEC) is raising P10 billion from the capital market, including a planned stock rights offering (SRO), to complete its development of 10 GW of solar projects. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has...
The Securities and Exchange Commission (SEC) has revoked the registration of Suhail Medical Center, Inc. for unauthorized solicitation of investments from the public. In its order, the SEC Enforcement and Investor Protection Department (EIPD) said it found that the company headed by Jesser T....
A group of electric cooperatives and member-consumer-owners have thrown their support to Senator Sherwin Gatchalian who is seeking a fresh term in the Senate in the upcoming May 2022 national elections. The 13.5 million-strong National Center of Electric Cooperatives Consumers Inc. (NCECCO) said it...
2Go relief drive in Palawan In response to calls for humanitarian needs following Super Typhoon Odette (Rai) that raged across Southern Philippines, 2GO Group Inc. moved tons of relief goods port-to-port to victims for free. 2GO Group, Inc.’s business arm, 2GO Sea Solutions, transported donations...
Solid Cement Corporation, a subsidiary of Cemex Holding Philippines Inc. (CHP), is finally pushing through with its long delayed capacity expansion at higher cost of $323 million from the original $235 million in 2018. In a disclosure to the Philippine Stock Exchange, CHP said Solid will be...
Cemex Holdings Philippines Inc. (CHP) reported a 26 percent drop in net income to P726 million last year from the P985 million earned in 2020 mainly due to foreign exchange losses as well as the lower operating earnings in the fourth quarter. In a disclosure to the Philippine Stock Exchange, CHP...
Century Properties Group, Inc. has set the rate for its 5-year fixed rate bond at 5.7524 percent per annum prior to a public offering that aims to raise up to P3 billion. “We are happy with the strong capital markets condition allowing us to price the issuance at the tighter end of the range of...
The Food and Drug Administration (FDA) said on Wednesday, Feb. 9 that the coronavirus disease (COVID-19) pill Molnupiravir of Lloyd Laboratories Inc. may be marketed by the firm at P50 to P75 per capsule. Molnupiravir (AFP / MANILA BULLETIN) During a Laging Handa press briefing,...
The Muntinlupa City Council held a public hearing on Tuesday, Feb. 8, to investigate the severe water service interruption being experienced by customers of Maynilad Water Services in Muntinlupa and other cities and municipalities. The City Council’s Committee on Environment, chaired by Councilor...
The local stock market recovered the previous day’s losses as investors took positions ahead of changes in the PSEI and MSCI. The main index rose 77.93 points or 1.06 percent to close at 7,458.23 with Holding Firms and Services sectors leading the advance while Banks lagged behind. Volume dropped...
Two members of the Gokongwei group, Robinsons Land Corporation (RLC) and Robinsons Retail Holdings Inc. (RRHI), have made it to the 2022 Bloomberg Gender-Equality Index (GEI). RLC and RRHI comprise half of the only four listed companies in the Philippines included in this year’s roster, alongside...
