Rules on common telco towers expected next week, says DICT
THE Department of Information and Communications Technology (DICT) said the rules governing the shared use of telecommunications towers will be issued by next week.
Cemex rights offer shares priced at P1.54
CEMEX Holdings Philippines, Inc. has set the price for its stock rights offering (SRO) of about 8 billion common shares at P1.54 per common share.
Abra Mining elects new president
ABRA MINING and Industrial Corp. has named a new president and chairman, marking changes in the listed mining company at the start of the new year.
How PSEi member stocks performed — January 6, 2020
Here’s a quick glance at how PSEi stocks fared on Monday, January 6, 2020.
Coco product maker Axelum expects P5.5-billion revenue
COCONUT product manufacturer Axelum Resources Corp. is estimating its 2019 revenues to hit about P5.5 billion and projecting its 2020 top line to grow double digits.
Tax appeals court sides with toll firm in P50-million case
THE Court of Tax Appeals (CTA) denied for lack of merit the appeal of the Bureau of Internal Revenue (BIR) over the cancellation of P50.5-million tax assessment against South Luzon Tollway Corp. over its documentary stamp tax (DST) along with other charges.
Astoria Hotels allots P650M for Palawan unit
THE Palawan unit of Astoria Hotels & Resorts (AHR) is investing P650 million to expand its operations to address the growing demand from Puerto Princesa tourists.
Elon Musk’s moment of truth arrives as made-in-China Tesla cars start rolling out
ELON MUSK’S decision to assemble Tesla Inc. cars in China required years of planning and billions of dollars in spending. Now comes the challenging part.
Outlier: Jollibee stock a bargain after slide in 2019, say analysts
DESPITE investors unloading shares of Jollibee Foods Corp. for the majority of 2019 due to profitability concerns, the stock may once again be back on the shopping list with one analyst saying the current stock price is already at a bargain.
Maynilad says water recovery program helped ease supply woes
METRO MANILA’S west zone water concessionaire Maynilad Water Services, Inc. said its non-revenue water management (NRW) program has recovered 979 million liters per day (MLD) since its launch in 2008, the company said in a statement on Sunday.
How PSEi member stocks performed — January 3, 2020
Here’s a quick glance at how PSEi stocks fared on Friday, January 3, 2020.
Aboitiz holding firm plans to offer dollar-denominated notes
ABOITIZ Equity Ventures, Inc. (AEV) is planning to issue dollar-denominated senior unsecured notes “subject to market conditions,” the holding said on Friday as one of its units appointed financial institutions to arrange events for investors on the proposed offering.