PCC approves joint venture funded by Rockwell-TGN
THE Philippine Competition Commission (PCC) has greenlit a joint venture to develop more than 36,000 square meters in mixed-use property in Pampanga funded by Rockwell Land Corp. and TGN Realty Corp.
IT firms’ budget for cloud to grow further
SPENDING of technology companies on cloud computing will continue to grow over the next year and beyond, global management consulting firm Bain & Co. said.
PMFTC to buy $130-M tobacco leaves locally
PMFTC, Inc. will be allotting $130 million (P6.3 billion) to buy tobacco leaves from Filipino farmers who will supply more than 45,000 tons of its leaf requirement over the next three years to help boost the sector’s growth.
JG Summit approves 5% stock dividend
JG SUMMIT Holdings, Inc. is paying a 5% stock dividend to stockholders as it reclassifies its preferred non-voting shares into preferred voting shares.
Newly completed Skyway 3 will be toll-free in Dec. — San Miguel
SAN MIGUEL Corp. (SMC) on Tuesday said it will soft-open the newly completed Skyway Stage 3 project in December.
PayMaya says merchants accepting cashless payments increase 1,400%
DIGITAL payments firm PayMaya Philippines, Inc. said on Tuesday the number of merchants it has enabled to accept contactless payments grew by more than 1,400% year-on-year as of September.
LRMC to release scientific study on safety protocols for its trains
LIGHT RAIL Manila Corp. (LRMC), the private operator and maintenance provider of Light Rail Transit Line (LRT)-1, is conducting a study on the safety protocols for its trains to ensure passengers’ safety after the Transportation department allowed train operators to gradually increase their capacities to 50%.
Phoenix, Autoworx Plus team up for sanitation services at stations
PHOENIX Petroleum Philippines, Inc. has placed sanitation hubs at select fuel stations, offering professional car cleaning and disinfection services.
How PSEi member stocks performed — October 20, 2020
Here’s a quick glance at how PSEi stocks fared on Tuesday, October 20, 2020.
Xurpas embarks on backdoor listing
THE Philippine Stock Exchange, Inc. (PSE) will not lift the trading suspension on shares of Xurpas, Inc. after deciding that its planned P170.7-million acquisition of venture capital firm Wavemaker Partners US qualifies as a backdoor listing.
AC Energy, partner to build $36-M solar farm in India
AYALA-LED AC Energy, Inc. and its partner are expanding their network in India with another solar farm in the pipeline.
PXP Energy, Atok-Big Wedge further soar after lifting of exploration ban
SHARES in PXP Energy Corp. and Atok-Big Wedge Co., Inc. on Monday sustained their surge days after the government lifted a ban on oil and gas exploration in the West Philippine Sea.




