Five more senators move to extend ABS-CBN franchise
FIVE more senators moved to extend the validity of the ABS-CBN franchise until 2022, while its renewal remains pending in the 18th Congress.
Robinsons Land income up 6%
ROBINSONS Land Corp. (RLC) said its earnings in 2019 had increased by 6%, driven by the steady performance of its rental businesses.
SMC unit maintains no billing statement received from by PSALM
SAN MIGUEL CORP. (SMC) said on Monday it was standing by its statement that its unit South Premiere Power Corp. (SPPC) had not received monthly billing statements from state-led Power Sector Assets and Liabilities Management Corp. (PSALM) that indicate an alleged deficiency claim amounting to P23.94 billion.
Nestlé Philippines says coffee project boosts farmers’ yield and income
FOOD and beverage maker Nestlé Philippines, Inc. said on Monday that its project aimed at increasing the yield and income of coffee farmers turned in positive results last year.
How PSEi member stocks performed — March 2, 2020
Here’s a quick glance at how PSEi stocks fared on Monday, March 2, 2020.
AirAsia still keen on listing
ANGELES CITY, PAMPANGA -- Philippines AirAsia, Inc. said floating its shares in the Philippine Stock Exchange is still on the table.
Expanding firm interested in Honda plant, says DTI’s Lopez
A COMPANY is eyeing taking over the Honda Cars Philippines, Inc. (HCPI) plant in Laguna after it halts operations this month.
SEC seeks greater minority investor participation
SHAREHOLDERS of corporations will now receive notices to regular meetings at least three weeks before schedule, as the Securities and Exchange Commission (SEC) works to increase participation from minority investors.
POGOs not in DFNN’s priority
DESPITE the boom in the Philippine Offshore Gaming Operations (POGO) industry in recent years, listed technology firm DFNN, Inc. is holding off on investments in the sector in the near term.
Court sides with FPIC on tax liabilities
THE Court of Tax Appeals (CTA) granted the petition of First Philippine Industrial Corp. (FPIC), canceling the firm’s alleged tax liabilities of P160.2 million because the waivers extending the period for its tax assessment for 2009 are void.
Denial of Nokia’s tax refund claim affirmed
THE Court of Tax Appeals (CTA) affirmed the denial of the P24.9-million tax refund claim of Nokia (Philippines), Inc.
POGO crackdown, virus weigh on Megaworld stock
THE CRACKDOWN on Philippine offshore gaming operators (POGOs) by both Philippine and Chinese governments, coupled with the outbreak of the new coronavirus disease 2019 (COVID-19), led investors to sell their shares in Megaworld Corp.