PSE proposes more conditions for firm’s voluntary delisting

THE Philippine Stock Exchange, Inc. (PSE) on Wednesday released proposed amendments to its voluntary delisting rules, as it seeks to protect minority shareholders.

DoE asks Meralco how it will address rising demand

THE Department of Energy (DoE) has asked Manila Electric Co. (Meralco) on how the country’s largest electricity distribution company plans to cope the rise in power demand within its franchise area, the secretary said.

Green buildings represent $24.7-trillion investment opportunity — IFC report

GREEN BUILDINGS offer a $24.7-trillion investment opportunity in emerging markets, including the Philippines, according to a report by the International Finance Corp. (IFC).

Angkas working on more payment options for users

MOTORCYCLE ride-hailing platform Angkas (DBDOYC, Inc.) said it is currently in talks with local banks to provide more payment options to its users.

SMFB’s planned P15-B bonds gets top rating

SAN MIGUEL Food and Beverage, Inc.’s (SMFB) planned fixed-rate bonds worth up to P15 billion received the top credit rating from Philippine Rating Services Corp. (PhilRatings).

DoTr eyes Swiss challenge for Bohol airport O&M by Q1

THE Department of Transportation (DoTr) is hoping to conduct a Swiss challenge for Aboitiz Group’s unsolicited proposal for the operations and maintenance (O&M) of Bohol-Panglao International Airport (BPIA) by first quarter of 2020.

PECO ordered to explain ‘operational lapses’

THE Energy Regulatory Commission (ERC) has directed Panay Electric Co., Inc. (PECO) to explain the “apparent operational lapses” found by the agency’s inspection team and why the distribution utility should not be imposed an administrative penalty or held criminally liable for its violations.

How PSEi member stocks performed — December 4, 2019

Here’s a quick glance at how PSEi stocks fared on Wednesday, December 4, 2019.

Court issues TRO vs auction of AboitizPower unit’s properties

ABOITIZ Power Corp. said on Tuesday that the court had issued a temporary restraining order (TRO) in favor of its subsidiary Luzon Hydro Corp. (LHC), stopping the municipality of Alilem in Ilocos Sur from auctioning off the unit’s real properties.

Ayala purchases 15% stake in YSH for $108.6 million

AYALA Corp. (AC) said yesterday it has already paid the first tranche of its $237-million investment in Myanmar’s Yoma Group.

Hans Sy, Angel Locsin named ‘heroes of philanthropy’

TWO Filipinos have been included by Forbes Asia in its list of 30 outstanding altruists in the region -- Hans T. Sy of SM Prime Holdings, Inc. and award-winning actress Angel Locsin, joining the likes of China’s Jack Ma, India’s Azim Premji and South Korea’s Suh Kyung-bae.

PHL firms seen to hike salaries by 6% in 2020

PHILIPPINE companies are forecast to increase salaries by 6% next year, as they focus more on retaining current employees, according to a survey conducted by Mercer.