Cebu Landmasters posts 31% reservation sales rise
CEBU Landmasters, Inc. (CLI) reported its reservation sales in 2019 jumped 31% to P12.67 billion, driven by higher demand in its key projects across the country.
Dennis Uy says Duterte’s lesson taught him to toughen up
PHILIPPINE tycoon Dennis A. Uy has built an empire spanning oil, shipping, casinos and telecommunications, but eight years ago his oil-trading business was in trouble over government allegations of fuel smuggling.
Real Steel ties up with Italian firm for Pampanga rolling mill
REAL STEEL Corp. is partnering with an Italian steel equipment manufacturer to build the Philippines’ first high-speed rolling mill in Pampanga.
SMC delays Skyway Stage 3 opening to July after fire
SAN MIGUEL Corp. (SMC) has committed to work 24/7 to open the Metro Manila Skyway Stage 3 — a portion of which had collapsed due to fire last Saturday — by July this year.
Juul seeks clarity on vapor product imports
JUUL Labs, Inc. Philippines is seeking the Department of Finance’s (DoF) help to clarify if the importation of vapor products is still banned in the country, after the recently signed sin tax law “legitimizes” such goods.
Century Pacific buys more shares in Shakey’s
CENTURY Pacific Group, Inc. is increasing its stake in Shakey’s Pizza Asia Ventures, Inc. (SPAVI) with the acquisition of common shares from the open market.
How PSEi member stocks performed — February 3, 2020
Here’s a quick glance at how PSEi stocks fared on Monday, February 3, 2020.
SEC lifts investor warning vs DV Boer
THE Securities and Exchange Commission (SEC) has lifted its investor warning against DV Boer Farm International Corp. after it agreed on the company’s P3.015-million settlement offer.
Consumers set to start retaining phone numbers
MOBILE phone users may start applying for mobile number porting in the third quarter of this year, Globe Telecom, Inc. Chief Commercial Officer Alberto M. de Larrazabal said.
Bill collection of ‘stranded’ power costs ends in Feb.
THE Power Sector Assets and Liabilities Management Corp. (PSALM) will cease collecting the P0.0543 per kilowatt-hour (kWh) universal charge for stranded contract costs (UC-SCC) starting this month, the government agency said.
DoE appeal to suspend P18-billion tax deficiency denied
THE Court of Tax Appeals (CTA) denied for lack of merit the appeal of the Department of Energy (DoE) over the dismissal of its petition to suspend the collection of its P18.4 billion alleged tax deficiency.
PAGCOR income falls 71%
THE Philippine Amusement and Gaming Corp. (PAGCOR) reported a 71.4% drop in its net income in 2019 to P9.014 billion despite posting double-digit gains in its gaming operations.