OSG to pursue ‘all options’ in contesting water arbitral ruling
THE Office of the Solicitor General (OSG) said it will exhaust all legal remedies in response to the P7.39 billion award granted by an arbitral tribunal to Manila Water Co., Inc.
PAL Holdings confirms departure of two board members
TWO board members of Philippine Airlines (PAL), Inc., former central bank governor Amando M. Tetangco, Jr. and lawyer Estelito P. Mendoza, have resigned, PAL Holdings, Inc. confirmed Friday.
Ayala Healthcare acquires Healthway chain of clinics
AYALA Healthcare Holdings, Inc. (AC Health) said it acquired 100% of clinic network Healthway from Hong Kong’s HKR International Ltd (HKRI).
PECO to appeal SC TRO blocking Mandaluyong RTC expropriation ruling
PANAY Electric Co., Inc. (PECO) said it will “immediately “ ask the Supreme Court to reconsider its decision to block the implementation of a local court’s judgment that stopped Iloilo City’s new distribution utility from taking over the company’s assets.
High Court halts Mandaluyong RTC ruling vs MORE franchise
ILOILO CITY — The Supreme Court (SC) has temporarily blocked the decision of a regional court in Mandaluyong that declared as void and unconstitutional some provisions of MORE Electric and Power Co.’s (MORE Power) new congressional franchise covering Iloilo City.
AC Energy plans to focus on renewables, peaking plants
AC Energy Philippines, Inc. targets to build around 1,300 megawatts (MW) of power generation plants by end-2020, or about three times the size of the company’s installed capacity before the Ayalas’ energy arm bought the former Phinma Energy Corp. last year.
SMC plans fundraising for infrastructure projects
SAN MIGUEL Corp. (SMC) is planning to raise funds from the overseas and local debt markets for its major infrastructure projects and investments.
PECO hits back at ERC over ‘heavily worded’ notice
PANAY Electric Co., Inc. (PECO) said the “heavily worded” notice of the Energy Regulatory Commission (ERC) on the power distribution company’s alleged operational lapses omitted the valid points in its favor.
Roxas Holdings swings to loss
ROXAS Holdings, Inc. (RHI) swung to a net loss in its fiscal year ended Sept. 30, due to lower sugar production and higher costs.
Nestlé to implement gender-neutral parental leave policy
NESTLÉ S.A. on Thursday announced a new global gender-neutral parental support policy, extending parental leave to a minimum of 18 paid weeks from 14 weeks.
ICTSI unit allocates $100M for Congo terminal expansion
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Thursday said it allotted over $100 million for the expansion of its container terminal in the Democratic Republic of the Congo (DRC).
How PSEi member stocks performed — December 5, 2019
Here’s a quick glance at how PSEi stocks fared on Thursday, December 5, 2019.