Germany’s AEB forms local unit
LOGISTICS software company AEB has announced its expansion in the Philippines as it formed a team to handle local operations and introduced new features to its cold chain warehouse management system (WMS).
Tax court denies logistics firm’s P120.9-million refund claim
THE Court of Tax Appeals (CTA) has affirmed its division ruling denying Nippon Express Philippines Corp.’s (NEPC) refund claim worth P120.9 million representing its excess input value-added tax traced to zero-rated sales for the four quarters of 2016.
Converge says investors demand climate-related information
LISTED fiber internet service provider Converge ICT Solutions, Inc. said it is working to increase transparency in sustainability reporting, as more investors seek climate-related information.
DoE fines First Gen unit EDC
LISTED energy firm First Gen Corp. said on Tuesday that its subsidiary Energy Development Corp. (EDC) had been fined by the Energy department.
How PSEi member stocks performed — July 5, 2022
Here’s a quick glance at how PSEi stocks fared on Tuesday, July 5, 2022.
Some McDonald’s branches in Philippines can’t serve chicken as demand soars
Some McDonald’s stores in the Philippines are unable to serve chicken because of a surge in demand, while supplies don’t meet the standards.
Razon firm completes first phase of Wawa water project
RAZON-LED Prime Infrastructure Capital, Inc. through its unit WawaJVCo, Inc. announced that it completed the Tayabasan weir, which is the first phase of its Wawa bulk water supply project.
Fruitas to use part of one-off Balai gain for Ling Nam deal
FRUITAS Holdings, Inc. plans to use part of its one-time gain from selling existing shares in subsidiary Balai ni Fruitas, Inc. to fund its latest acquisition, Ling Nam Wanton Parlor and Noodle Factory.
Megawide secures contract to build 1,664 houses in General Trias
LISTED construction company Megawide Construction Corp. announced on Monday that it secured its eighth contract with housing developer PHirst Park Homes, Inc. (PPHI).
CTS Global to venture into Indonesian market
CTS Global Equity Group, Inc. plans to expand into the Indonesian stock market with an initial fund disbursement into Bank Central Asia (BCA) Indonesia, it disclosed on Monday.
SEC clears LFM Properties’ listing on the SME board
THE Securities and Exchange Commission (SEC) has considered favorably the listing of LFM Properties Corp. on the stock exchange, the corporate regulator said on Monday.
Globe says millions of customers report bank-related scam, spam messages
GLOBE Telecom, Inc. on Monday said it partnered with eight major banks to address bank-related scam and spam messages, which reached more than nine million in the first half of the year.