Jollibee group invests $28M for 10% stake in beverage tech company Botrista
Listed Jollibee Foods Corp (JFC) announced on Wednesday a $28-million investment to acquire a 10% stake in US-based beverage technology company Botrista, Inc.
“We look...
ERC allows limited use of LNG for gas-fired power plants
The Energy Regulatory Commission (ERC) said it is allowing the subsidiaries of First Gen Corp. to use liquefied natural gas (LNG) for their gas-fired...
PHL discount grocery chain DALI secures $25M in fresh funding
Singapore-based growth equity firm Venturi Partners on Tuesday said it has invested $25 million for the expansion of discount grocery chain DALI.
This marked the...
Foreign partners, tech, simpler tax system seen to boost PHL mineral sector
THE PHILIPPINES needs to prioritize securing funding support and new technology from other countries to enhance its mineral processing capacity, alongside efforts to simplify taxes for the mining sector, according to economists and industry players.
PHL telco giants start blocking access to Binance webpages
GLOBAL cryptocurrency exchange Binance will no longer be accessible in the Philippines after the National Telecommunications Commission (NTC) ordered internet service providers (ISPs) to...
Seaoil opens bulk terminal in Zamboanga ecozone
SEAOIL has opened a bulk terminal in an economic zone in Zamboanga City, making it the fuel company’s 13th depot in the Philippines.
“As we...
PetroGreen secures P834-M loan for large-scale solar project in Bohol
YUCHENGCO-LED PetroGreen Energy Corp. (PGEC) has secured a loan facility worth P834 million from a local bank for the development of its 27.5-megawatt solar...
Cosco acquires 60% stake in Catuiran Hydropower
COSCO Capital, Inc. has finalized its acquisition of 60% outstanding shares in Catuiran Hydropower Corp., operator of the eight-megawatt hydroelectric power plant in Naujan,...
SEC warns public vs investing in Gercel Apparel Shop, Gercelhomes Staycation, and Triumph Edge...
THE Securities and Exchange Commission (SEC) has warned the public against investing in Gercel Apparel Shop, Gercelhomes Staycation, and Triumph Edge Academy, saying these...
JG Summit Holdings net income surges to P20.2 billion
GOKONGWEI-LED conglomerate JG Summit Holdings, Inc. said its net income reached P20.2 billion in 2023, up by 30 times from the P700 million net...
Cebu Air says 2023 results signal ‘stronger’ performance this year
CEBU AIR, Inc. (CEB), operator of budget carrier Cebu Pacific, expects higher earnings this year after returning to profitability in 2023, driven by strong...
Filinvest Land completes turnover of factory for battery production of StB GIGA
LISTED property developer Filinvest Land, Inc. (FLI) has turned over a ready-built factory to StB GIGA for the production of lithium iron phosphate (LFP)...
