How PSEi member stocks performed — May 27, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, May 27, 2020.
NTC: No abuse in network’s halt order
THE NATIONAL Telecommunications Commission (NTC) asked the Supreme Court to deny for lack of merit the petition of broadcast network ABS-CBN Corp. to stop the implementation of the cease-and-desist order that forced it to go off air.
House panels want Calida at ABS-CBN hearings
TWO COMMITTEES at the House of Representatives are calling on Solicitor General Jose C. Calida to attend the next hearings on the franchise renewal of ABS-CBN Corp.
Petron suffers nearly P5B in losses
PETRON CORP. incurred a net loss of P4.9 billion in the first quarter, a reversal of its P1.3-billion income a year ago, as it noted “significant” inventory losses due to the price collapse in both local and international oil markets when demand contracted.
Meralco targets to install smart meters for 3.3M customers
MANILA ELECTRIC Co. (Meralco) plans to install more prepaid electricity meters by the middle of next year to far exceed new installations of postpaid meters as the country’s largest power distribution utility targets 3.3 million of its customers to enjoy the benefits of smart meters, its top official said on Tuesday.
Cement producers resume operations
CEMENT MANUFACTURERS are back to work as the relaxed quarantine measures in parts of the country have started allowing construction work to resume.
Maynilad says June water billing to reflect meter reading
WEST zone water concessionaire Maynilad Water Services Inc. said the water bill that its customers will receive for the month of June would reflect the actual billing and consumption for the months of March up to June.
First Gen seeks trading halt after Valorous tender offer notice
FIRST GEN Corp. has asked the stock exchange to suspend the trading of its shares on Tuesday after the Lopez-led energy company disclosed its receipt of a tender offer notice from Valorous Asia Holdings Pte. Ltd.
ThomasLloyd buys P3-B shares in AC Energy solar farm
THE Asian unit of global investment firm ThomasLloyd Group has bought P2.78 billion shares of a subsidiary owned by Ayala-led AC Energy Philippines, Inc.
Manila Water unit signs P3-B loan with two banks
A SUBSIDIARY of east zone water provider Manila Water Co., Inc. has signed a loan to fund its capital expenditure programs and expansions projects.
Ayala Malls to mount thermal scanners in select malls
Several Ayala Malls will have thermal scanners to check temperatures of mall goers as the coronavirus disease 2019 (COVID-19) pandemic persists.