SNAP considers expanding floating solar project in Magat
RENEWABLE energy company SN Aboitiz Power (SNAP) is planning to scale up its 200-kilowatt floating solar power project in Magat dam, its top official said last week.
SC finds transport firm, president liable for tax evasion
THE Supreme Court (SC) has affirmed the tax evasion convictions of Kingsam Express, Inc. (KEI) and its president for failing to pay deficiency income tax for the taxable years 2008 and 2009 worth more than P4 million and P10.8 million, respectively.
Hospital networks important in managing healthcare facilities better
HAVING a hospital network in the Philippines will help in making healthcare efficient, affordable and accessible, a top official of Metro Pacific Hospital Holdings, Inc. (MPHHI) said.
Economic reopening boosts appetite for SM Prime stocks
SM PRIME HOLDINGS, Inc. was one of the most actively traded stocks in the local bourse last week as investors’ appetite increased due to normalized stock prices following the further improvement of the economy.
How PSEi member stocks performed — October 14, 2022
Here’s a quick glance at how PSEi stocks fared on Friday, October 14, 2022.
DITO: Discussion with PLDT on P430-million demand ongoing
DITO CME Holdings Corp. on Thursday said its telecommunications subsidiary DITO Telecommunity Corp. is currently in talks with PLDT, Inc. about the latter’s P430-million demand.
AboitizPower, partner to build 90-MW wind project in Bicol
ABOITIZ Power Corp. and Mainstream Renewable Power are planning to build a 90-megawatt (MW) onshore wind project in Libmanan, Camarines Sur.
Polyethylene import duties seen to protect petrochemical industry
THE recently imposed duties on high-density polyethylene (HDPE) imports will protect the local petrochemical industry from cheap foreign resins entering the country, according to JG Summit Olefins Corp. (JGSOC).
Store growth boosts Figaro Coffee’s income by 111% to P198M
FIGARO Coffee Group, Inc. more than doubled its net income for the fiscal year ending June 30 to P198.2 million, driven by the company’s store network expansion.
IKEA franchisee posts 41% revenue increase
IKANO Retail, the franchisee behind IKEA Philippines, announced on Wednesday that its total revenues rose by 41.2% to P60.1 billion or €1.01 billion for its financial year ending August.
Globe says 10.12 million shares sold for P17 billion
GLOBE TELECOM, Inc. has sold 10.12 million common shares worth nearly P17 billion, the company announced on Thursday.
DMCI’s Consunji named MAP Management Man of the Year
ISIDRO A. CONSUNJI, chairman of DMCI Holdings, Inc., has been named “Management Man of the Year 2022” by the Management Association of the Philippines (MAP).