Overseas traders sell Asian stocks at fastest pace in years
FOREIGN investors are cutting their exposure to Asian markets at the fastest rate in years, as the coronavirus outbreak continues to spread globally.
Ayala unit funds acquisition of Ilocos Norte wind farm
AC Energy Philippines, Inc. is subscribing to the shares of Giga Ace 1, Inc. to allow the subsidiary to fund its acquisition of the ownership interest of an equity fund in a wind farm in Ilocos Norte.
How PSEi member stocks performed — February 27, 2020
Here’s a quick glance at how PSEi stocks fared on Thursday, February 27, 2020.
MPIC takes ‘serious’ review as stocks fail to soar
METRO PACIFIC Investments Corp. (MPIC) needs a serious review of its business holdings amid a politically charged regulatory environment and declining investor enthusiasm in its asset class, company officials said.
Force majeure an option if virus impedes telco rollout, says DITO
By Arjay L. Balinbin, Reporter
DENNIS A. Uy’s DITO Telecommunity Corp. on Wednesday said it has the option to invoke force majeure in case the...
Lawmakers move to act on ABS-CBN franchise issue
SENATOR Franklin M. Drilon has filed the concurrent resolution that will allow ABS-CBN Corp. to continue its operation beyond the May 4 expiration of its franchise, while its renewal is pending in Congress.
Duterte accepts apology of network’s president
PRESIDENT Rodrigo R. Duterte said on Wednesday that he had accepted the apology of ABS-CBN Corp. after the top official of the network said in a Senate hearing on Monday that they were sorry if they had offended him.
Wilcon allots P2.9B for this year’s spending
WILCON DEPOT, Inc. is earmarking P2.9 billion for its capital spending in 2020, which it will use to fund plans to open more stores, extend existing ones and upgrade old depots.
Draft common tower policy out in March — DICT chief Honasan
THE Department of Information and Communications Technology (DICT) missed again the latest schedule it set for the release of the common tower policy, saying the document could be made public in March.
McDonald’s says spending hit P3B in 2019
MCDONALD’S Philippines reported spending more than P3 billion last year in capital investments to record a double-digit growth in its business.
Grab Philippines president asks LTFRB to maximize driver slots
GRAB Philippines has called on the Land Transportation Franchising and Regulatory Board (LTFRB) to maximize the slots given by the government agency to the transport network vehicle service.
How PSEi member stocks performed — February 26, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, February 26, 2020.