ACEN Australia starts building 50-MW battery for solar farm

AC Energy Corp. (ACEN) said on Tuesday that its Australian business has started the construction of a 50-megawatt (MW), one-hour battery that will connect to its solar farm in New South Wales.

Local firm included in Accelerating Asia startup program

A PHILIPPINE-BASED fitness startup was included among startups that were included in the program of international early-stage venture capital (VC) fund platform Accelerating Asia.

How PSEi member stocks performed — May 24, 2022

Here’s a quick glance at how PSEi stocks fared on Tuesday, May 24, 2022.

Computer retailer Upson files for P4.9-billion IPO

UPSON International Corp. (UIC) announced on Monday that it had filed an application for an initial public offering (IPO) that is expected to raise P4.88 billion.

Fruitas swings to profit despite no seasonal uptick

FRUITAS Holdings, Inc. reported on Monday that its first-quarter earnings reached P6 million, improving from a net loss of P16 million in the same period the year before.

Megawide swings to net loss as expenses rise

MEGAWIDE Construction Corp. swung to an attributable net loss of P112.76 million for the first quarter of the year from a profit of P2.85 million in the same period a year ago.

Coca-Cola teams up with SBCorp. to offer MSME loans 

COCA-COLA Beverages Philippines, Inc. (CCBPI) has recently partnered with the Small Business Corp. (SBCorp.) to help the recovery of micro, small, and medium enterprises (MSMEs) across the country by expanding the access to loan programs.

LBC Express net income drops to P48.9 million

LBC Express Holdings, Inc. on Monday said its attributable net income for the first three months of the year decreased by 65% to P48.87 million from P139.73 million previously, mainly due to lower revenues.

RLC Residences teams up with Heart Evangelista for new vlog

A YEAR after beginning their partnership RLC Residences and actress Heart Evangelista are collaborating on their first project — Love Marie Designs with RLC Residences.

Clarity on tax audits sought after BIR-Megaworld issue

LAWMAKERS are seeking clarity on handling tax disputes and audits after the confusion created by the closure order issued last week by the Bureau of Internal Revenue (BIR) on Megaworld Corp.