PAL, CebuPac expect better Q4
THE listed operators of Philippine Airlines (PAL) and Cebu Pacific expect to see better financial performance in the fourth quarter, as jet fuel prices have gone down.
BPO industry poised for rebound
THE Philippine business process outsourcing (BPO) industry is headed toward a resurgence in 2019, as the rise in wages in the United States coupled by the weaker peso are encouraging multinational firms to move back to the country.
Damosa Land breaks ground for new office building in Davao City
DAVAO CITY — Damosa Land, Inc. (DLI), the property arm of the Floirendo-owned Anflo Management and Investment Corp. (ANFLOCOR), broke ground over the weekend for its new office building inside the Damosa Information Technology Park here.
Aboitiz unit’s floating solar energy system completed by Q1
SN Aboitiz Power-Magat, Inc. expects to complete the construction of its pilot floating solar energy system on Magat dam in the first quarter of 2019 in time for the onset of the rainy season to test the project’s ability to withstand rough weather.
MRC Allied to boost solar energy generation capacity
MRC Allied, Inc. targets to add 42 megawatts (MW) from solar power plants to its portfolio in 2019, as it boosts its solar energy generation capacity.
PLDT closes IFC’s $40-M investment in Voyager
INTERNATIONAL Finance Corp. (IFC) and IFC Emerging Asia Fund has completed their $40-million investment in Voyager Innovations, Inc., according to the tech company’s parent PLDT, Inc.
BIR shutters Mann Hann chain, Hennan’s Bohol resort
THE BUREAU of Internal Revenue (BIR) on Monday said it has shuttered the operations of the popular Mann Hann restaurant chain and Hennan Resort in Panglao, Bohol for underdeclaring sales.
House OK’s Solar Para sa Bayan’s franchise
THE HOUSE of Representatives on Monday approved on third and final reading the bill giving a nationwide microgrid franchise to Solar Para sa Bayan Corporation (SPSBC), despite opposition from solar energy developers and electric cooperatives.
How PSEi member stocks performed — December 10, 2018
Here’s a quick glance at how PSEi stocks fared on Monday, December 10, 2018.
Robinsons to open 51st mall in PHL
ROBINSONS Land Corp. (RLC) is set to open a new mall in Bukidnon this Wednesday, Dec. 12, as part of the company’s goal to establish its presence in emerging economic hubs in the country.
Atimonan project costs rise by P15B due to PSA approval delay
MERALCO Powergen Corp. (MGen) said the continuing delay in the approval of the power supply contract for its Atimonan coal-fired power plant had jacked up the project’s cost by P15 billion.
Aboitiz Equity Ventures
ABOITIZ EQUITY Ventures, Inc. (AEV) was one of the most actively traded stocks last week following its buyback program and the death of its chairman.