NLEX Corp. said it is testing an automatic license plate recognition system at its 25 toll lanes in Valenzuela City, partly to identify erring motorists who use cashless lanes without radio-frequency identification (RFID) stickers or with insufficient load balance.
LOPEZ-LED Energy Development Corp. (EDC) ended the first quarter with a 2.1% increase in net income to P3.3 billion mainly due to higher sales, but its financial showing for the year may turn out to be flat, its finance chief said.
MERALCO PowerGen Corp. (MGen) said on Thursday its unit had begun commercially operating a 50-megawatt (MW) solar plant in San Miguel, Bulacan after receiving regulatory approval.
WEST ZONE water concessionaire Maynilad Water Services, Inc. is building several sewage treatment plants costing P29 billion in Caloocan, Las Piñas, central Manila, Valenzuela, and Muntinlupa as part of its commitment to protect the environment.
STATE-RUN gaming regulator Philippine Amusement and Gaming Corp. (PAGCOR) remitted all of its P1.57-billion net earnings as cash dividends to the Bureau of the Treasury on Wednesday to aid the government with its pandemic response.
JOLLIBEE Foods Corp. (JFC) generated P153 million in net attributable income despite lower sales in the first quarter, it said on Wednesday, as it bounced back from the P1.68-billion loss recorded in the same period last year.
FLAG carrier Philippine Airlines (PAL) assured the public on Tuesday that its operations will not be affected by its ongoing “comprehensive restructuring.”
SHAREHOLDERS of Cebu Air, Inc., the listed operator of budget carrier Cebu Pacific, approved on Wednesday the company’s long-term incentive plan for its employees, partly aimed at attracting and retaining key talents.
SHAKEY’S Pizza Asia Ventures, Inc. (SPAVI) said on Wednesday it is set to receive a P1.25-billion investment from Gokongwei-led JE Holdings, Inc., which will become one of its stakeholders.
THE Securities and Exchange Commission (SEC) has given the go signal for Ayala Corp.’s P30-billion debt securities program.