ABS-CBN, GMA continue fight for TV ratings

ABS-CBN Corp. and GMA Network, Inc. tussled over nationwide TV ratings as both claimed dominance in October, using data from different audience measurement providers.

Hedcor Sibulan’s corporate notes get PRS Aa plus rating

HEDCOR Sibulan, Inc. (HSI) was assigned anew a PRS Aa plus rating by debt watcher Philippine Ratings Services Corp. (Philratings) for its outstanding P4 billion corporate notes.

PMFTC plans to expand capacity of solar power plant

PMFTC Inc. is looking to expand the capacity of the solar energy system installed within its factory in Batangas province to go beyond the 2.5 megawatt (MW) launched on Tuesday, in line with plans by its foreign affiliate Philip Morris International (PMI) to reduce its carbon footprint, company officials said.

How PSEi member stocks performed — November 6, 2018

Here’s a quick glance at how PSEi stocks fared on Tuesday, November 6, 2018.

PHL firms face least risks from stronger dollar

PHILIPPINE corporates have the least to worry about at a time of stronger dollar, S&P Global Ratings said as it pointed out that local firms have the lowest foreign debt compared to Southeast Asian peers.

CIMP finalizing talks with refinery to sell its crude oil

CHINA International Mining Petroleum Co. Ltd. (CIMP), the local entity behind the country’s first onshore oil discovery, is planning to ramp up its extraction to 1,000 barrels daily as it finalizes talks with a local refinery to sell its crude oil.

PLDT to launch 5G cell site in Clark

PLDT, Inc., Smart Communications, Inc. and Ericsson will fire up the country’s first fifth generation (5G) cell site in Clark, Pampanga within the month.

VLL plans to offer P10B in retail bonds

VISTA LAND and Lifescapes, Inc. (VLL) plans to issue up to P10 billion worth of fixed-rate retail bonds, it told the stock exchange on Monday.

Zalora, Lazada offer premium services

ONLINE marketplaces Zalora Philippines and Lazada are ramping up their delivery services as they look forward to the surge of orders ahead of the holiday season.

Japanese firm defers P40-B expansion project — PEZA

THE Philippine Economic Zone Authority (PEZA) said one of its Japan-based locators recently deferred an expansion project worth about P40 billion due to the uncertainties over the Tax Reform for Attracting Better and High-quality Opportunities (TRABAHO) bill.

Grab launches premium tricycle service

GRAB Philippines (MyTaxi.PH, Inc) partnered with distributor AutoItalia Philippines Enterprises, Inc. to offer the GrabTrike Premium service using the three-wheeled Piaggio Ape.

NTC asks court to junk Now Telecom’s petition

THE National Telecommunications Commission (NTC) has asked the Manila Regional Trial Court (RTC) Branch 42 to deny Now Telecom Company, Inc.’s petition for preliminary injunction on some provisions of the terms of reference (ToR) for the selection of the third major player in the telecommunications industry.