State-run Small Business Corp. (SBCorp) has unveiled a special loan facility to provide financial assistance to micro, small, and medium enterprises (MSMEs) affected by Typhoon Carina. In a statement on Thursday, Aug. 29, SBCorp, the financing arm of the Department of Trade and Industry, announced...
The Ayala Group’s tech manufacturing arm, Integrated Micro-Electronics, Inc. (IMI), reported a net loss of $8.8 million for the first half of 2024, down from $86.18 million in the same period last year. In a disclosure to the Philippine Stock Exchange, IMI reported group revenues of $566 million...
Fiber broadband and technology company Converge ICT Solutions Inc. has signed a memorandum of understanding (MOU) with US-based Super Micro Computer Inc. to jointly establish AI-powered, green data centers in the Philippines. Converge CEO and Co-Founder Dennis Anthony Uy seals the...
Power utility giant Manila Electric Company (Meralco) takes a major stride on the reboot of the country’s aim for a deep well of expertise on nuclear power engineering and development, as it started sending its nuclear scholars and interns to preeminent partner-universities in the United States...
Ayala Corporation, one of the country's leading conglomerates, reported that it sustained its growth momentum with a 26 percent growth in core net income, which excludes one-off items, to P11.8 billion in the first quarter of 2024 from P9.4 billion in the same period last year. In a disclosure to...
The Ayala Group’s semiconductor manufacturing arm Integrated Micro-Electronics, Inc. (IMI) reported a net loss of $3.7 million in the first quarter of 2024, or 394 percent or almost five times the $749,000 incurred in the same period last year. In a disclosure to the Philippine Stock...
Integrated Micro-Electronics Inc. (IMI), the Ayala Group’s semiconductor manufacturing arm, reported that its net loss ballooned to $109.2 million last year, 16 times the loss of $6.8 million in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its 2023 performance...
HOUSTON – American firm Ultra Safe Nuclear Corporation (USNC) is confident of having its pioneering rollout of micro modular reactors (MMRs) for nuclear power installations in the Philippines through a partnership with Manila Electric Company (Meralco) by the turn of the decade. In an interview,...
The Ayala Group’s tech manufacturing arm Integrated Micro-electronics Inc. (IMI) announced that its Chief Executive Officer Arthur R. Tan will be replaced by Lou Hughes in May this year. IMI CEO Arthur R. Tan In a disclosure to the Philippine Stock Exchange (PSE), IMI said Tan will no longer...
The Ayala Group’s manufacturing arm Integrated Micro-Electronics Inc. (IMI) reported a net loss of $1.6 million in the first nine months of 2023 from $0.81 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said revenues were lower and the...
ILOILO CITY – The Department of Social Welfare and Development (DSWD)-6 has started distributing aid totaling P14.5 million to 967 more micro rice retailers in Western Visayas affected by the price cap. “We are glad that we are able to help more small rice retailers this time. We believe that,...
Integrated Micro-Electronics Inc. (IMI), the manufacturing arm of the Ayala Group, saw its net loss balloon to $82.9 million in the second quarter of 2023 from the $3.5 million loss incurred in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this includes...
