QEV Philippines to launch ‘green’ jeepney
A “GREEN” JEEPNEY is set to be unveiled on Thursday, highlighting the viability of converting a regular Sarao internal combustion engine into an electric...
AES Corp. planning exit from $1-billion Philippine power plant
HONG KONG -- AES Corp. is seeking to sell its controlling stake in the Masinloc power plant in the Philippines in a deal that...
SEC approves DFNN equity restructuring
DFNN, Inc. has obtained approval from the Securities and Exchange Commission (SEC) for its equity restructuring plan aimed at wiping out a deficit amounting...
PhilRealty buys P84M worth of condo units
PHILIPPINE REALTY and Holdings Corp. (PhilRealty) said it will be acquiring P84.24 million worth of condominium units from Meridian Assurance Corp., which is expected...
SFA Semicon gets partial reimbursement from gov’t
SFA SEMICON Philippines Corp. (SSP) said it has collected P11.44 million from the government as part of the seventh tranche of reimbursements of an...
How PSEi member stocks performed — July 19, 2017
Here’s a quick glance at how PSEi stocks fared on Wednesday, July 19, 2017.
San Miguel creates unit for BMW distribution
SAN MIGUEL Corp. (SMC) is finalizing its entry into auto distribution, with the creation of a new unit for the importation and distribution of...
Pangilinan willing to sell Inquirer stake
By Jose Bimbo F. Santos,
Bloomberg TV Philippines
BUSINESSMAN Manuel V. Pangilinan said he is willing to divest his minority stake in the Inquirer Group of...
Lopez’s EDC puts another power plant on extended shutdown after quake
ENERGY Development Corp. (EDC) has added one more power plant among those on extended shutdown in the wake of the 6.5-magnitude earthquake that hit...
Del Monte Philippines says it paid P5.9B in total taxes from 2011-2013
DEL MONTE Philippines, Inc. (DMPI) said it paid the Bureau of Internal Revenue (BIR) P5.9 billion in total taxes from 2011 to 2013, dismissing...
Lepanto Mining eyes P1.75B from stock rights offer
LEPANTO Consolidated Mining Co. plans to raise P1.75 billion via a stock rights offering to fund the further exploration and development of its copper-gold...
Profits surge for Panasonic’s Philippine unit
THE LOCAL UNIT of Japanese home appliances maker Panasonic Corp. (PC) reported its attributable net income more than doubled in its fiscal year ending...