PLDT says DITO open to settle P430-M contractual obligation
PLDT, Inc. said on Tuesday that DITO Telecommunity Corp. has expressed openness to amicably settle its unpaid contractual obligation of P430 million to the Pangilinan-led company.
CREIT set to issue ASEAN green bonds to expand its real estate portfolio
CITICORE Energy REIT Corp. (CREIT) said on Tuesday that it will be tapping the capital markets for the issuance of ASEAN green bonds in the fourth quarter of this year to expand its real estate asset portfolio.
Airbnb expects more bookings, says holidays to boost travel
ONLINE home-sharing platform Airbnb is projecting higher bookings as the holiday season approaches, carried by strong demand from domestic travel.
Atlas Mining’s income slips by almost 12% to P3 billion
ATLAS Consolidated Mining and Development Corp. reported a net income of P3.07 billion in the third-quarter, 11.7% lower than P3.48 billion in the same period last year, after booking lower revenues.
Lawmaker wants to reopen investigation on ABS-CBN
A CONGRESSMAN on Tuesday sought to resume the congressional investigation of the alleged violations done by media company ABS-CBN Corp.
Cirtek Holdings legal proceedings continue on alleged RCC violation
CIRTEK Holdings Philippines Corp. has filed a memorandum in lieu of appellant’s brief for the petition for declaratory relief before the Court of Appeals on Oct. 12.
How PSEi member stocks performed — October 18, 2022
Here’s a quick glance at how PSEi stocks fared on Tuesday, October 18, 2022.
Force majeure granted to PXP exploration contracts
PXP Energy Corp. said on Monday that the Department of Energy (DoE) granted the declaration of force majeure for two service contracts separately operated by the company and its subsidiary in northwest Palawan.
PHL is ‘most important’ for Norway’s $3.5-B fund
NORFUND, an investment fund based in Norway, is looking at investing in renewable energy projects in the Philippines, which it now considers its “most important market” because of the country’s impact on improving climate initiatives.
Megawide’s plant capacity seen to more than triple
MEGAWIDE Construction Corp.’s pre-cast plant capacity is expected to more than triple to 40,000 cubic meters per month (cu/m/month) by 2024 or 2025.
SEC to penalize firms’ inaccurate, false reports
THE Securities and Exchange Commission (SEC) will be imposing penalties for any inaccuracy and incompleteness in any reportorial requirements submitted by corporations starting Nov. 2.
High Court affirms reduced P&G value-added tax refund claim
THE Supreme Court (SC) has upheld a tax court ruling that granted Procter & Gamble Asia Pte. Ltd. (P&G) a P26.07-million refund representing its excess input value-added tax (VAT) traced to zero-rated sales covering the period July to December 2005.