PECO settles Iloilo City property tax obligations

PANAY ELECTRIC Co., Inc. (PECO) said it had paid nearly P135 million to the Iloilo City government as settlement of its real property tax (RPT) obligations.

PAL to fly direct to Perth in March

PHILIPPINE AIRLINES (PAL) will launch direct flights from Manila to Perth, Australia in March 2020.

How PSEi member stocks performed — December 10, 2019

Here’s a quick glance at how PSEi stocks fared on Tuesday, December 10, 2019.

RLC, DoubleDragon team up for new project in Bridgetowne

ROBINSONS Land Corp. (RLC) and DoubleDragon Properties Corp. (DDPC) are partnering to develop a prime commercial lot adjacent to the former’s Bridgetowne township in Quezon City.

KKR, GIC complete investment in Metro Pacific hospital unit

METRO PACIFIC Investments Corp. (MPIC) has completed the deal for the P35.3-billion investment by United States-based Kohlberg Kravis Roberts & Co. (KKR) and Singapore fund GIC Private Ltd. in its hospital unit.

CLI boosts landbank in key cities

CEBU LANDMASTERS, Inc. (CLI) is boosting its landbank in key cities in Visayas and Mindanao, as it prepares to ramp up expansion in the next few years.

PAL to launch Davao-Manado, Zamboanga-Kota Kinabalu flights

DAVAO CITY — Philippine Airlines (PAL) subsidiary Air Philippines Corp., also known as PAL Express, has agreed to serve the Davao-Manado and Zamboanga-Kota Kinabalu routes starting March 31 next year, Secretary Emmanuel F. Piñol, chair of the Mindanao Development Authority (MinDA), said over the weekend.

Del Monte swings to loss in 2nd quarter

DEL MONTE Pacific Ltd. swung to a loss of $37.35 million in the second quarter of its 2020 fiscal year because of one-off expenses as it shuttered a number of plants in the United States.

SEC: KAPA is not registered, cannot collect investments

THE Securities and Exchange Commission (SEC) is denying news that KAPA Community Ministry International, Inc. has been registered and is cleared to start operations as a crowdfunding entity.

SteelAsia sees capacity at 2.5 million tons by 2021

STEELASIA Manufacturing Corporation expects capacity to hit 2.5 million tons in 2021 as it expands operations.

How PSEi member stocks performed — December 9, 2019

Here’s a quick glance at how PSEi stocks fared on Monday, December 9, 2019.

Ayala energy unit to ramp up overseas expansion

AYALA-LED AC Energy, Inc. is setting aside the bulk of the $1.5 billion shored up from recent capital-raising activities for projects in the Philippines, Australia and Vietnam, while looking at India and Myanmar as new markets, its top official said.