Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company, Inc. (MWC) have signed a Fifth Amendment to the Revised Concession Agreement (RCA) covering the operation of the waterworks and sewerage services in the Service Area East. In a disclosure to the Philippine Stock Exchange,...
The Philippine Stock Exchange (PSE) has approved the P1.38 billion initial public offering (IPO) stock brokerage CTS Global Equity Group, Inc. which will list on the bourse’s Small, Medium, and Emerging Board. In a statement, the PSE said CTS Global will conduct its offering from March 29 to...
PLDT led the groundbreaking of its 11th and largest VITRO hyperscale data center facility, to expand its network of world-class data centers. Present during the ceremonies held in Sta. Rosa, Laguna were, from left: RED Engineering's Martin Webb, DICT Regional Director Cheryl Ortega, Meralco...
South Korea’s T1, one of the pioneering e-sports organizations in the world, tapped Smart Communications, Inc. to provide facilities for its Philippine expansion. To develop the esports industry in the country, Smart will house the Defense of the Ancients (DotA) 2 Team of T1 and power its...
Asian Terminals Inc. (ATI) allocated over P5 billion in capital expenditures this year to upgrade its major port gateways in Manila, Batangas and Laguna as well for acquisition of more modern and eco-friendly equipment, the company disclosed on Thursday, March 17. Part of ATI's investment will...
Asian Terminals Inc. (ATI) allocated over P5 billion in capital expenditures this year to upgrade its major port gateways in Manila, Batangas and Laguna as well for acquisition of more modern and eco-friendly equipment, the company disclosed on Thursday, March 17. Part of ATI's investment will...
Integrated Micro-Electronics Inc. (IMI), the manufacturing arm of the Ayala group of companies, reported a halt in the operation of its facilities in Shenzhen, China. In a disclosure to the Philippine Stock Exchange, IMI said it’s Shenzen facilities contribute approximately 10 percent of the...
The Fiscal Incentives Review Board (FIRB) has approved the tax incentives for a P1.5-billion Cebu-based roll on roll off (RoRo) operator that aims to help modernize the shipping industry and increase competition. Finance Secretary Carlos G. Dominguez III said Tuesday, March 15, that the FIRB...
Real estate giant Ayala Land Inc. is planning to raise up to P12 billion from the issuance of bonds to fund its capital expenditures this year as well as for the refinancing of obligations. Philippine Rating Services Corporation (PhilRatings) said it has assigned its highest Issue Credit Rating of...
The PSEi plunged to a six-month low as the impact of Russia’s invasion of Ukraine is seem to affect the growth of Asian economies. The main index fell 295.24 points or 4.15 percent to close at 6,816.95, it’s lowest since Sept. 1, 2021 when it ended at 6,785.94. The Services sector led the drop...
Figaro Coffee Group (FCG) is gearing up to expand its local store presence in order to cater to more Filipinos nationwide as the economy reopens further. In a disclosure to the Philippine Stock Exchange, the firm said it has upcoming store openings lined up in Lipa, Batangas; Ortigas business...
Government agencies have issued a Joint Administrative Order (JAO) providing for a “safe harbor” that will make online platforms also liable for the violations committed by their online merchants as government tighten its watch amid burgeoning e-commerce transactions in the country. JAO 2022-01...
