PXP’s net loss narrows to P19M
PXP Energy Corp. reported a net loss of P18.88 million in the third quarter, significantly lower than the P1.66-billion loss recorded in the same period last year, due to higher profit from its Galoc oil field operations and reduction of administrative expenses.
Meralco targets its fleet to be 25% EVs by 2030
MANILA Electric Co. (Meralco) is targeting to transition at least 25% of its fleet to electric vehicles (EVs) by the end of 2030 to comply with the government’s mandate.
Robinsons Land, Meralco tie up for green initiatives
PROPERTY developer Robinsons Land Corp. (RLC) and Manila Electric Co. (Meralco) have committed to reducing carbon emissions by partnering in putting up charging stations for electric vehicles (EVs).
Japan’s Kyuden moves to acquire 25% PetroGreen stake
PETROENERGY Resources Corp. said on Wednesday that Kyuden International Corp. (KIC) has completed the initial closing requirements for its acquisition of a 25% stake in PetroGreen Energy Corp.
SEC warns public against Movie Daddy
THE Securities and Exchange Commission (SEC) advised the public not to invest in an entity called Movie Daddy as it is not a registered corporation or partnership.
Globe says still country’s largest publicly listed telco
AYALA-LED Globe Telecom, Inc. said it remains the largest telecommunications company in the Philippines, with a market capitalization of P321.25 billion as of Oct. 11.
AirAsia’s super app inks deals with hotel groups
LOW-COST carrier AirAsia Philippines on Wednesday said the “airasia Super App” recently signed partnership deals with over 50 hotel groups from the Philippines, Malaysia, Thailand, and Indonesia.
SMC Global Power sets tender offer for $400-M debt
SAN MIGUEL CORP. (SMC) has authorized its subsidiary to purchase debt amounting to $400 million in a tender offer of securities listed in Singapore.
Alternergy installs 10th meteorological mast in Quezon for wind farm
ALTERNERGY Holdings Corp. has installed its 10th meteorological or met mast on Alabat island in Quezon province to harness the northeast monsoon through its wind power project.
Basic Energy puts up meteorological mast in Batangas
LISTED firm Basic Energy Corp., through its subsidiary Mabini Energy Corp., has installed a meteorological (met) mast in Mabini, Batangas for its 50-megawatt Mabini wind energy project.
SM Prime to open SM City Sorsogon with 85% lease awarded
Sy-led SM Prime Holdings, Inc. will be opening an SM mall in Sorsogon province by the end of the week, as part of its thrust to expand its mall footprint in the Bicol Region.
Toyota Philippines partners with House of Fruitas
TOYOTA Motor Philippines Corp. (TMP) has teamed up with House of Fruitas to enhance the latter’s daily operations across its store network.