ABOITIZ Equity Ventures, Inc. (AEV) is planning to sell a 25.01% stake in subsidiary Aboitiz Power Corp. to Japan-based JERA Co., Inc. for around $1.463 billion to help fund the listed holding firm’s growth plans and boost its energy arm’s initiatives.
THE REPORT of the Mining Industry Coordinating Council (MICC) on large-scale metallic mines will likely be made available to the public by the second quarter of next year, and will indicate the failure of some companies to comply with environmental rules according to Finance Secretary Carlos G. Dominguez III.
THE PESO sank to its weakest versus the greenback in more than a year, as investors flocked to the safe-haven dollar due to concerns on the upcoming tapering of asset purchases by the US Federal Reserve as well as higher oil prices.
The National Economic and Development Authority (NEDA) dropped a bombshell when it released the result of a six-month study estimating the economic cost of COVID-19 for the next four decades to reach P41 trillion and that the economy is expected to return to the pre-pandemic growth trend only after 10 years.
Over the years, Mr. Lucio L. Co has enjoyed success across the various business segments he has ventured into. Through Cosco Capital, Inc., he...
As climate change takes center stage as one of the world’s most pressing challenges, and countries race to transition from fossil fuels to clean energy...
COAL-FIRED power plant companies in the Philippines have, in recent months, declared plans to rebalance their portfolio into one that has a growing share of renewables in the mix.
National Artist for Literature Bienvenido “Bien” Lumbera passed away on the morning on Sept. 28, 9 a.m., due to “complications of stroke,” said his family. He was 89 years old.
THE FIRST time I ever saw the Isuzu mu-X model was back in 2013 — also the first time I had attended the much-celebrated Tokyo Motor Show. I was there as part of Isuzu’s official press contingent, and I remember being quite impressed with what was then presented as the evolution of the long-running Isuzu Alterra. Needless to say, although not sold in Japan, the mu-X quickly became a hit in its Southeast Asian markets.
THE quarterfinal phase of the Philippine Basketball Association (PBA) Philippine Cup resumes on Wednesday with the top two teams TnT Tropang Giga and Meralco Bolts gunning for outright semifinal spots against different opponents.