Operational synergies crucial in JFC’s acquisition spree — analysts
FAST-FOOD giant Jollibee Foods Corp. (JFC) is actively pursuing acquisitions, a strategy that, according to some analysts, carries inherent risks, including potential challenges in maintaining operational focus.
Megawide, DoubleDragon start construction of Hotel 101 in Quezon City
MEGAWIDE Construction Corp. said it has started the construction of DoubleDragon Properties Corp.’s Hotel 101 project in Quezon City, scheduled for completion by the...
CTA denies Nippon Express’ P20-M tax refund
THE COURT of Tax Appeals (CTA) has denied Nippon Express Philippines Corp.’s claim for a tax refund of over P20 million.
“For the 3rd quarter...
PSALM says financial obligations trimmed to P283B
STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) said its outstanding financial obligation stood at P283.28 billion as of the end of May.
This...
Converge affiliate Reliance Broadcasting secures direct-to-home license
RELIANCE Broadcasting Unlimited, Inc. (RBU), an affiliate of Converge ICT Solutions, Inc., has secured a direct-to-home (DTH) license from the National Telecommunications Commission (NTC),...
Philex Mining eyes extension of Padcal mine operations until 2027
PHILEX Mining Corp. said it may extend operations at its Padcal mine site in Tuba, Benguet until 2027 if gold prices remain elevated.
“At current...
URC board OKs JV with Greencycle for plastic recycling
UNIVERSAL Robina Corp. (URC) said its board of directors has approved a proposal to form a joint venture (JV) company with Greencycle Innovative Solutions,...
First Gen keen on Laguna CBK hydro power plant complex
FIRST GEN Corp. said it is eyeing to participate in a bidding process for the 796.64-megawatt (MW) Caliraya-Botocan-Kalayaan (CBK) hydroelectric power plant (HEPP) complex...
PSEi member stocks performed — July 9, 2024
Here’s a quick glance at how PSEi stocks fared on Tuesday, July 9, 2024.
DD concludes P10-B bond offering ahead of schedule, plans second tranche
LISTED property developer DoubleDragon Corp. (DD) on Monday said its retail bond offering, aimed at raising up to P10 billion, achieved full subscription five days ahead of schedule.
Meralco sees generation charge hike for July
MANILA Electric Co. (Meralco) is anticipating an increase in the generation charge this month as it begins to collect the previously deferred estimated payment...
CTA: PAL entitled to P27-M tax credit certificate
THE COURT of Tax Appeals (CTA) has ordered the Bureau of Internal Revenue to refund or issue a tax credit certificate to Philippine Airlines,...