Meralco stock jumps on earnings, supply talks
SHARES in Manila Electric Co. (Meralco) moved upward last week as investors bought on its pre-pandemic-beating income report and news about negotiations with Aboitiz Power Corp. for a lower rate under another emergency power supply agreement (EPSA).
How PSEi member stocks performed — March 3, 2023
Here’s a quick glance at how PSEi stocks fared on Friday, March 3, 2023.
Two firms to build data centers in Luzon after talk with Marcos
Philippine President Ferdinand R. Marcos, Jr. has welcomed plans to build two hyperscale data centers in Luzon.
The proposed establishment of the two data centers...
Bloomberry turns around with P5-billion income
SOLAIRE operator Bloomberry Resorts Corp. posted an attributable net income of P5.17 billion for 2022, a reversal of the past two year’s losses, as...
MPTC unit taps Chinese company for CAVITEX C5 link
A UNIT of Metro Pacific Tollways Corp. (MPTC) signed a deal with a China-based company to start constructing the second phase of the Manila-Cavite...
Earnings, tamed prices seen to lift stocks in 2023
CORPORATE earnings growth and expectations that inflation will ease after hitting its peak in the first quarter will drive the Philippine stock market’s growth...
Fewer companies are listing due to regulatory requirements — analyst
COMPANIES are hesitant about holding an initial public offering (IPO) due to the tough regulatory requirements set by the Philippine Stock Exchange, Inc. (PSE),...
AirAsia says 2023 forward bookings surpass 2022 tally
AIRASIA Philippines said forward bookings so far this year have risen past the total guests it flew last year amid strong demand for travel...
MacroAsia signs with Chinese supplier of support equipment
LISTED firm MacroAsia Corp. signed a strategic cooperation agreement with China-based Weihai Guangtai Airport Equipment Co. Ltd. as part of its investment in ground...
Globe says new satellite solution to boost its network
GLOBE Telecom, Inc. said it is exploring a new satellite technology solution that it expects to allow the company to gain additional coverage.
“Globe is...
Napocor to defer plan to cut SPUG operations
NATIONAL Power Corp. (Napocor) said it will postpone its plan to reduce the operating hours of its small power utilities group or SPUG power...
Alternergy secures height clearance for 100-MW Tanay wind power project
ALTERNERGY Holdings Corp. said its subsidiary Alternergy Tanay Wind Corp. will now proceed with the development of its 100-megawatt (MW) Tanay wind power after...