Environment chief orders water firm to rehabilitate treatment plants in Boracay
THE Department of Environment and Natural Resources (DENR) ordered the Boracay Island Water Corp. (BIWC) to repair and a rehabilitate a part of its...
MegaWatt Solutions targets more utility-scale battery storage projects
By Victor V. Saulon, Sub-Editor
MEGAWATT Solutions, Inc. is targeting to install within the year utility-scale battery storage projects with a total capacity of 198...
How PSEi member stocks performed — March 2, 2018
Here's a quick glance at how PSEi stocks fared on Friday, March 2, 2018.
PTT announces board shake-up
By Patrizia Paola C. Marcelo
PHILIPPINE Telegraph & Telephone Corp. (PT&T) has announced a shake-up of its board, with two of its directors quitting amid...
Holcim posts weaker profit amid ‘challenging 2017’
HOLCIM Philippines, Inc. reported a 61% drop in profit last year after a sluggish construction sector and tight competition hurt the company’s performance, it...
ATN ups capital budget to boost annual output
ATN Holdings, Inc. said its board of directors has approved “additional major investments” in capital equipment amounting to P150 million for this year and...
SM Prime hikes capex
By Arra B. Francia, Reporter
SM PRIME Holdings, Inc. (SM Prime) is accelerating its spending program in the next two years to support the continued...
MPIC readies more unsolicited proposals for gov’t
By Krista A. M. Montealegre,
National Correspondent
METRO PACIFIC Investments Corp. (MPIC) is readying more unsolicited infrastructure proposals after sustaining a double-digit growth in core net...
Phinma Energy consolidated income falls 75% to P347 million
PHINMA ENERGY Corp. recorded a 75% fall in consolidated net income to P347 million last year from P472 million a year earlier — when...
H2O Ventures-Udevco deal seen closed by April
THE PROPERTY ARM of businessman Dennis A. Uy looks to complete the acquisition of Philippine H2O Ventures Corp. (H2O) worth P647.86 million by April.
In...
EDC profit declines 4% in 2017
ENERGY DEVELOPMENT Corp. (EDC) posted a net income of P8.8 billion in 2017, down 4% from the previous year, after the twin impact of...
McDonald’s PHL franchisee to spend P2B for new stores
THE exclusive franchisee of the McDonald’s brand in the Philippines plans to spend up to P2 billion for the rollout of at least 40...