TVI Resource Development Philippines Inc. (TVIRD), the local affiliate of listed Canadian mining firm TVI Pacific Inc. (TVI), has commenced commercial operations of its gold-silver mine in Sitio Balabag, Zamboanga del Sur. In a statement, TVIRD Balabag Project Manager Jun Gingo said the company is...
The Philippine Reclamation Authority has issued a final Notice to Proceed for a 100-hectare reclamation project where Cebu Landmasters Inc. (CLI) plans to develop a P20 billion business park. In a disclosure to the Philippine Stock Exchange, CLI said the reclamation project is being proposed by the...
Real estate giant Ayala Land, Inc. has been recognized in separate annual surveys organized by leading business and finance publications Euromoney and Asiamoney. In a statement, ALI said it topped the residential and office developer categories of the 2021 Euromoney Real Estate Survey, an annual...
PH Resorts Group Holdings Inc., the gaming unit of businessman Dennis Uy’s Udenna Corporation, has asked the government to suspend the license of its casino project in Clark Freeport Zone, Pampanga because of stiff competition in the area. In a disclosure to the Philippine Stock Exchange PH...
GT Capital Holdings Inc., the flagship of the Ty family, is venturing into the business of providing vehicle warranty for used cars in the country through Premium Warranty Services Philippines, Inc. (PWSPI). In a disclosure to the Philippine Stock Exchange, GT Capital said PWSPI starts commercial...
Customers of Maynilad Water Services, Inc. will experience a slight reduction in their water bills starting this month until October, following the government approval of the company’s fourth quarter Foreign Currency Differential Adjustment (FCDA). As for the customers of Manila Water Company...
Innovation-at-the-Core-Standalone-5G-Core-Architecture Smart Communications Inc. has fired up its commercial 5G standalone (SA) sites in Makati, one of the first in the world. The 5G SA technology enables new industry applications using 5G’s full features, such as industrial automation,...
Philippine leading oil firm Petron Corp. is negotiating for the renewal of a 10-year supply contract for crude oil that shall be fed and processed at its Port Dickson refinery in Malaysia. According to company documents, Petron is “in negotiation for renewal” of its supply contract for Tapis...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has committed to expand its energy source portfolio gearing towards clean energy across all of its business segments over the medium term as part of its sustainability program. “Sustainability has always...
The national karate team still has two weeks left to decide whether it will compete at the 2021 World Karate Championships next month in Dubai, United Arab Emirates. Philippine Karate team in Baguio City (Photo from Karate Pilipinas Sports Federation Inc. Facebook) Richard Lim, president of the...
The revised concession agreement (CA) between Metropolitan Waterworks and Sewerage System (MWSS) and Manila Water Company Inc. was supposed to take effect on September 30, but the two parties agreed to push it to a later date. 36025 This, according to Manila Water, will synchronize the date of...
MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, has successfully listed its shares at the Philippine Stock Exchange. PSE data shows that MREIT’s share price closed at P16.70 per share, up P0.60 or 3.73 percent from its initial public offering price of...
