Aboitiz group to donate more vaccine doses

THE ABOITIZ group has committed to donate additional vaccine doses for the second wave of the tripartite initiative among the private sector, the government and UK-based AstraZeneca plc, it said on Tuesday.

Concentrix readies vaccination plan for staff nationwide

OUTSOURCING firm Concentrix Philippines plans to offer coronavirus disease 2019 (COVID-19) vaccinations to its 100,000 staff nationwide.

How PSEi member stocks performed — January 19, 2021

Here’s a quick glance at how PSEi stocks fared on Tuesday, January 19, 2021.

5G capex risk a top issue for investors — Fitch

FITCH Ratings said the pace of investment in the fifth-generation (5G) technology is among the top issues for credit investors in the telecommunications sector in the Asia-Pacific region.

Priority sought for ‘stranded’ projects as DoE prepares auction for green energy

THE Energy department’s plan to start bidding out the supply of renewable energy (RE) to consumers who prefer “green” sources should give priority to projects that failed to secure a guaranteed power rate under the feed-in tariff (FiT) system, the head of an industry association said.

Philodrill is operator of onshore gas exploration project in Mindoro

LISTED exploration company The Philodrill Corp. is now the operator of petroleum service contract (SC) 53 or the onshore Mindoro natural gas exploration project, the firm said on Monday as it cited a letter from the Department of Energy (DoE).

Megawide-GMR’s mixed-use development project at MCIA on hold due to COVID

MEGAWIDE Construction Corp. and its foreign partner GMR Infrastructure Ltd. have put on hold the implementation of their mixed-use development project at the Mactan-Cebu International Airport (MCIA), which covers the construction of a 400-room hotel, due to the coronavirus pandemic.

Fruitas aims for P5-B annual revenue by 2025

LISTED food and beverage kiosk operator Fruitas Holdings, Inc. said it plans to improve yearly revenues to P5 billion and annual net income to P500 million on or before 2025.

Lopez group’s loans were not written off, says DBP

THE Development Bank of the Philippines (DBP) said loans worth more than a billion peso obtained by the Lopez group over a decade ago were not written off, adding that no irregularity took place and assets were sold off through a bidding.

Ayala Land sets reinvestment plan from sale of The 30th

AYALA Land, Inc. (ALI) plans to develop commercial facilities and land parcels using the proceeds from the sale of a commercial center in Pasig City to its subsidiary AREIT, Inc.

PCC clears Scatec Solar’s 100% acquisition of shares in SN Power

THE Philippine Competition Commission (PCC) said it recently approved the acquisition by Scatec Solar ASA, a Norwegian renewable energy company, of 100% shares in SN Power AS.

How PSEi member stocks performed — January 18, 2021

Here’s a quick glance at how PSEi stocks fared on Monday, January 18, 2021.