Cusi says PXP Energy should apply for lifting of exploration moratorium

ENERGY Secretary Alfonso G. Cusi has advised PXP Energy Corp. to apply for an exploration and drilling program for its stalled project within the area in the West Philippine Sea or the South China Sea, a move that would prompt the agency’s next step in the disputed seas.

PLDT closes deal to acquire minority stake in Multisys

PLDT, Inc. said on Tuesday it has completed the acquisition of a minority stake in information and IT solutions provider Multisys Technologies Corp.

Extension of Iglesia ni Cristo’s telecom franchise gets Senate OK

THE Senate on Monday approved on third and final reading the bill extending the franchise of Iglesia ni Cristo (INC) to operate a private telecommunications service in the country by another 25 years.

How PSEi member stocks performed — December 4, 2018

Here’s a quick glance at how PSEi stocks fared on Monday, December 4, 2018.   Philippine Stock Exchange's most active stocks by value turnover — December...

Holcim PHL to spend nearly $300M on capacity expansion

HOLCIM PHILIPPINES, Inc. is allocating almost $300 million to hike capacity by a third by 2020, banking on the rollout of the government’s infrastructure program.

CIC acquires tech start-up

CONCEPCION INDUSTRIAL Corp. (CIC) is investing in tech start-up Teko Solutions Asia, Inc., which has core interests in the appliance service and repair business.

Petron exports diesel in rare move

SINGAPORE — Top Philippine oil refiner Petron Corp. exported a diesel cargo in November in a rare move, and offered a December-loading shipment, trade sources said on Monday.

AEV subsidiary obtains P9-B loan for bulk water project

ABOITIZ EQUITY Ventures, Inc. (AEV) on Monday said it is borrowing P9 billion from several banks for its bulk water project in Davao City.

Telco line issues delay PHL stock market opening for nearly 1 hour

TRADING AT the local stock market was delayed for almost an hour on Monday due to telecommunication line issues, according to a top official.

Grab Philippines teams up with IDOOH

GRAB PHILIPPINES (MyTaxi.PH, Inc.) said on Monday it is partnering with media technology company IDOOH International for the distribution of in-car display tablets in its vehicles.

AirAsia named world’s best low-cost carrier

AIRASIA Group said it won its sixth consecutive title as the world’s leading low-cost airline at the World Travel Awards (WTA) Grand Final 2018.

How PSEi member stocks performed — December 3, 2018

Here’s a quick glance at how PSEi stocks fared on Monday, December 3, 2018.