ACEN moves to divest stake in coal-fired power plant subsidiary
ACEN Corp. is set to divest by yearend its stake in a coal-fired power plant in Batangas after the facility’s owner partially redeemed its preferred shares held by the Ayala group’s energy arm for P3.2 billion.
AG&P completes floating storage unit, eyes gas delivery by March
ATLANTIC Gulf & Pacific Co. (AG&P) has completed the conversion of a vessel into a floating storage unit (FSU) for gas that will be docked at its liquefied natural gas (LNG) facility in Batangas.
Globe blocks 32.2 million scam, spam text messages
GLOBE Telecom, Inc. said on Monday that it blocked more than 32.2 million scam and spam text messages in just two weeks after it started implementing measures to block uniform resource locators (URLs) in person-to-person text messages.
Maynilad proposes rebased water rates
MAYNILAD Water Services, Inc. is seeking to implement a rate increase of P13.31 per cubic meter staggered from 2023 to 2027 for its mandatory rate rebasing.
Growsari eyes 200,000 sari-sari stores to accept QR payments by 2023
STORE SOLUTION platform Growsari is targeting 200,000 member sari-sari stores to begin accepting universal Philippine quick response, or QR PH, payments by next year as part of efforts to enable store owners to accept digital payments.
D&L Industries’ bonds keep highest credit rating
D&L Industries, Inc.’s P5-billion fixed rate bonds maintained the highest credit rating it received from the Philippine Rating Services Corp. (PhilRatings) as it keeps a solid market position through its four principal businesses.
SEC drafts additional penalties for late disclosures
THE Securities and Exchange Commission (SEC) drafted an amendment to the 2019 Revision of General Information Sheet (GIS) which will increase and add non-financial penalties for late disclosures.
How PSEi member stocks performed — October 24, 2022
Here’s a quick glance at how PSEi stocks fared on Monday, October 24, 2022.
MPIC awaits higher income on units’ billed volume
PANGILINAN-led Metro Pacific Investments Corp. (MPIC) expects the higher billed volume of its power and water subsidiaries to boost the listed holding firm’s net income for the third quarter.
SC affirms ruling on Meralco, Napocor settlement
THE Supreme Court (SC) has upheld the validity of a settlement agreement between the Manila Electric Co. (Meralco) and National Power Corp. (Napocor) worth P20.05 billion.
Appellate court upholds Davao LGU’s fee on San Miguel Foods
THE Court of Tax Appeals (CTA) has upheld the Davao City treasurer’s fee on San Miguel Foods, Inc. worth P338,731.90 for permits to slaughter animals for food production.
Mars Wrigley to invest $2M yearly in next 3-4 years
CONFECTIONERY manufacturer Mars Wrigley is aiming to invest $2 million annually for the next three to four years in a bid to improve the production and sustainability of its factory in Antipolo City.