Tax court partially grants Philex Mining’s refund claim

THE Court of Tax Appeals (CTA) has granted a P9.6-million refund to Philex Mining Corp. that was part of its original refund claim worth P68.9 million representing its excess value-added tax (VAT) traced to zero-rated sales for 2017.

Aboitiz unit, EdgeConnex to develop data center platform 

ABOITIZ InfraCapital, Inc. (AIC) has partnered with EdgeConneX to address the rising data usage by developing a data center platform in the country.

Okada Manila to end 2022 ‘on a positive note’

OKADA MANILA is projecting a strong finish in 2022 on the back of increased visitor count, according to the management that recently regained control of the integrated casino-resort complex.  

PAL flights from Cebu eyed for reopening of Baguio Airport

THE Civil Aviation Authority of the Philippines (CAAP) on Wednesday said the Baguio (Loakan) Airport may resume commercial operations by the end of the year. 

PAVI Green-PMFTC solar project seen completed next year

PAVI Green Renewable Energy, Inc. said on Wednesday that it signed an agreement with PMFTC, Inc. to install a 7-megawatt-peak (MWp) solar rooftop power system in a plant in Tanauan City, Batangas.

Upson accepts more payment methods

TECH retailer Upson International Corp. has expanded the accepted payment methods for its products as customers can now use Sodexo digital vouchers across its 200 retail stores in the country. 

How PSEi member stocks performed — October 5, 2022

Here’s a quick glance at how PSEi stocks fared on Wednesday, October 5, 2022.

USAID, partner aim to help boost PHL cybersecurity 

THE United States Agency for International Development (USAID) and global cybersecurity company Palo Alto Networks recently signed a partnership deal to help the Philippines strengthen its cybersecurity posture.

JFC adds more Tim Ho Wan stores in China, eyes 100

JOLLIBEE Foods Corp. (JFC) said on Tuesday that it recently debuted two Tim Ho Wan restaurants in Beijing, bringing to 11 its current store count in mainland China ahead of its target of 100 new openings.

PHL SMEs see e-commerce ‘vital’ to growth over next 3 years, says FedEx research

EXPRESS transportation company FedEx Express, a subsidiary of FedEx Corp., said the Philippines is among the “most optimistic” in Asia-Pacific, Middle East, and Africa (AMEA) regarding e-commerce, with both small and medium businesses and consumers anticipating future growth.

NEA set to supervise Albay power utility in transition

THE National Electrification Administration (NEA) is set to exercise its supervisory power over the operation of Albay Electric Cooperative, Inc. (Aleco), which distributes power in the Bicol province.

MR.D.I.Y. marks opening of 11 stores in October

HOME improvement retailer MR.D.I.Y. has scaled up its operations in the Philippines with the opening of 11 new stores, expanding its local network to 284 branches.
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