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.
LRWC ends talks with Galaxy, drops plans for Boracay casino
LEISURE & Resorts World Corp. (LRWC) is dropping its plan to build a casino on its 23-hectare property in Boracay, as the company is no longer in talks with Galaxy Entertainment Group for the project.
Cavitex operator aims to post P3-billion revenues in 2020
THE operator of the Manila-Cavite Expressway (Cavitex) is targeting to generate P3 billion in revenues in 2020.
PSALM targets to finalize privatization structure of two power plants by 2020
STATE-LED Power Sector Assets and Liabilities Management Corp. (PSALM) is targeting to complete next year the privatization structure for two power plants through the consultancy assistance of the Asian Development Bank (ABD), its president said.
San Miguel proposes to extend MRT-7 to Bocaue, Bulacan
SAN MIGUEL CORP. (SMC) is proposing to extend the Metro Rail Transit Line 7 (MRT-7), which is currently under construction, to Bocaue, Bulacan.
MPIC weighed down by Duterte remarks on water firms
PRESIDENT Rodrigo R. Duterte’s tirade against Metro Manila’s water concessionaires last week led investors to unload shares of Metro Pacific Investments Corp. (MPIC) as it is the controlling stakeholder of water firm Maynilad Water Services, Inc.
Cavite-Manila ferry service launched; free rides until Jan. 9
THE government on Sunday launched a ferry service between Cavite and Metro Manila, offering free rides until Jan. 9.
How PSEi member stocks performed — December 6, 2019
Here’s a quick glance at how PSEi stocks fared on Friday, December 6, 2019.