THE Supreme Court (SC) has denied a petition that alleged the Commission on Audit (CoA) abused its discretion when it approved the request of a former Iligan City mayor to sell diesel power plants to Conal Holdings Corp. (CHC) for about P386.91 million in 2010.

FAR EASTERN UNIVERSITY, Inc. (FEU) incurred a net loss of P93.99 million in the first quarter of its financial year, more than twice the previous year’s P40.35-million loss, despite booking higher revenues.

CENTRO Escolar University (CEU) registered a P71.46-million attributable net income in the first quarter as it recorded higher revenues early in its fiscal year, turning around from a net loss of P80.89 million last year.

SINGAPORE-based e-commerce solutions provider Anchanto on Monday said its customers in the Philippines now account for 18% of its total customer base in Asia, driving the company to launch new solutions for local businesses.

TECH retailer Upson International Corp. will eliminate single-use plastic and paper bag packaging across its stores as it fully transitions to reusable bags.

BRANDS under Century Pacific Food, Inc. (CNPF) received “Net Zero Plastic Waste” certification for the second straight year, the firm said on Monday.

Here’s a quick glance at how PSEi stocks fared on Monday, October 17, 2022.

Packworks, a startup that provides a business-to-business platform for sari-sari (neighborhood sundry) store owners, won at Ignite 2022’s Startup World Cup (SWC) x Wildfire Pitch competition on Oct. 14.

LOPEZ-LED energy company First Gen Corp. said its unit’s liquefied natural gas (LNG) terminal is on track for completion by the first quarter of 2023, with the possibility of making the first gas delivery after July, a company official said last week.

PHILIPPINE Airlines, Inc. (PAL) upwardly revised its 2022 topline target to $2.6 billion after reaching its previous $2-billion revenue goal as early as October.

TERA Information and Connectivity Solutions, Inc. (TERA), a subsidiary of MacroAsia Corp., is working to become a fixed-line internet service provider for both business and residential users in the next three to five years, a company official said.

NORWEGIAN renewables company Scatec ASA has lined up five wind energy projects in the Philippines with a combined capacity of 2.4 gigawatts (GW), its regional head said.