Razon gets PCC nod to lead Manila Water
THE Philippine Competition Commission (PCC) has approved Trident Water Holdings Co., Inc.’s acquisition of the controlling stake in Manila Water Co., Inc., capturing 51% voting interest in the Ayala-led company.
Justices dismiss ABS-CBN’s move to block closure order
THE SUPREME COURT dismissed for mootness the petition of broadcast network ABS-CBN Corp. to stop the order of the telecommunications regulator directing it to go off air.
Proposal to allow 100% foreign ownership in shipping to crush small local firms —...
CEBU-BASED shipping group Philippine Coastwise Shipping Association on Tuesday warned that allowing full foreign ownership in domestic shipping will totally wipe out small and medium-sized companies on the island-province.
Shakey’s signs deal with Singaporean firm Koufu Group for milk tea franchise
SHAKEY’s Pizza Asia Ventures, Inc. (SPAVI) is joining the bubble tea craze by bringing Singapore’s R&B milk tea brand to the Philippines.
Century Properties expands commercial leasing portfolio
CENTURY PROPERTIES Group, Inc. (CPG) continues to beef up its commercial leasing portfolio with the P1.9-billion buyout of a Makati-based office building from its joint-venture partner.
Phinma Education records 30% income growth
The education unit of Phinma Corp. posted a 30% improvement in net income in its fiscal year ending March 2020 as it accommodated a 7% larger volume of students in the last academic year.
Five rural utilities charged more on system loss in 2019
RURAL UTILITIES remain compliant with the government’s limit on passing on system loss costs in the distribution of electricity to consumers with only five charging more than the prescribed cap in 2019, according to their association.
Closure of mall-based National Book Store ‘not true’
NATIONAL BOOK STORE (NBS) maintains that the majority of its stores will remain open, denying social media posts that the company is closing down branches in high-end malls.
Metro Global board approves new infrastructure unit
METRO GLOBAL Holdings Corp. is forming an infrastructure subsidiary to handle projects related to the sectors of transportation and communication.
How PSEi member stocks performed — August 25, 2020
Here’s a quick glance at how PSEi stocks fared on Tuesday, August 25, 2020.
Meralco offers P101-M aid to power users
MANILA ELECTRIC CO. (Meralco) on Monday said it would shoulder a portion of the electricity bills paid for by its poor customers as a form of aid.
Megaworld targets more office spaces despite pandemic
MEGAWORLD CORP. is targeting to launch 110,000 square meters (sq.m.) of leasable office space this year to strengthen its revenue streams while the coronavirus pandemic is ongoing.