How PSEi member stocks performed — October 12, 2022
Here’s a quick glance at how PSEi stocks fared on Wednesday, October 12, 2022.
Gov’t expects early production in Cadlao oil field
THE Marcos administration expects an offshore oil field northwest of Palawan island to bring “recoverable” volumes of five to six million barrels of oil in early production towards the second half of 2023.
Mega Global creates unit for entire product portfolio
CANNED sardines maker Mega Global Corp. has created a subsidiary that will serve multiple functions, including as an incubator for new initiatives as well as a sales and distribution unit for the group’s product portfolio.
US-based Snowflake enters PHL, partners with Globe
DATA cloud company Snowflake is expanding into the Philippines, where it intends to promote data-driven decision-making among organizations.
Starlink PHL operation moved to middle of 2023
STARLINK Internet Services Philippines, Inc. of Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is expected to start serving remote communities in the Philippines by the middle of 2023, the Department of Information and Communications Technology (DICT) said.
PSE sets trading suspension on Boulevard Holdings shares
THE PHILIPPINE Stock Exchange (PSE) has imposed a trading suspension on shares in Boulevard Holdings, Inc. starting on Oct. 14 after the company failed to submit its annual report on the extended deadline.
DoTr: No need to review Grab’s acquisition of Move It
THE Department of Transportation (DoTr) said it is not reviewing Grab Philippines’ acquisition of motorcycle taxi firm Move It as it is a private transaction.
CTA denies Lepanto’s P18.3-M VAT refund claim
THE COURT of Tax Appeals (CTA) upheld its denial of Lepanto Consolidated Mining Co.’s petition to annul its alleged recess input value-added tax (VAT) worth P18.3 million for 2010.
MPIC bags Finance for the Future Award on sustainability strategy
METRO Pacific Investments Corp. (MPIC) bagged a coveted award at the 10th Finance for the Future Awards after going through a three-stage judging process and besting seven international listed companies.
Axelum says its emissions down by 19%
AXELUM Resources Corp. said that it cut its direct greenhouse gas emissions by up to 19% from manufacturing operations due to efficient diesel consumption.
KMC to open co-working offices at One Ayala in November
KMC SOLUTIONS is set to open new co-working offices at One Ayala Tower 2 in Makati City by November this year as part of efforts to expand its footprint in the country.
How PSEi member stocks performed — October 11, 2022
Here’s a quick glance at how PSEi stocks fared on Tuesday, October 11, 2022.