Synergy Grid cleared on ownership dispersal in NGCP stake acquisition
SYNERGY GRID & Development Phils., Inc. said on Monday that the energy regulator had ruled that its acquisition of 40.2% of the outstanding capital stock of the country’s power grid operator satisfies the requirement of the law on ownership dispersal.
Alsons lists P1.3-B debt papers
ALSONS CONSOLIDATED Resources, Inc. (ACR) has listed P1.265 billion of its commercial papers on the bond exchange as the listed firm embarks on small hydroelectric power projects to mark its expansion into renewable energy.
PHL AirAsia to increase fuel surcharge starting July 1
LOW-COST airline Philippines AirAsia, Inc. will be implementing a fuel surcharge increase starting July 1 due to the rising fuel costs, its top official said.
CTA affirms canceled P12-M assessment on Kuwait Airways
THE Court of Tax Appeals (CTA) affirmed the cancellation of the tax assessment of Kuwait Airways Corp. for 2016 representing its alleged overpaid income tax worth P12 million.
RE firms urged to join next green energy auction rounds
RENEWABLE ENERGY companies offered to deliver up to 1,966.93 megawatts (MW) of indigenous power during the government’s first round of auction of green energy, the Energy department said.
BTr moves to link small investors to bond market
DIGITALIZATION initiatives that will connect small investors to the local bond market are underway, the Bureau of the Treasury (BTr) reported during a Capital Market Development Council (CMDC) meeting.
DTI, Jollibee partner to promote locally made products
THE DEPARTMENT of Trade and Industry (DTI) and Jollibee Foods Corp. partnered on June 24 for a campaign that seeks to promote locally manufactured goods.
How PSEi member stocks performed — June 27, 2022
Here’s a quick glance at how PSEi stocks fared on Monday, June 27, 2022.
SEC warns public vs investing in three entities
THE Securities and Exchange Commission (SEC) has warned the public against investing in three unregistered entities that are not authorized to solicit investments.
Petroleum firms continue talks with DoE on exploration in WPS
TALKS continue between Philippine companies holding exploration service contracts with the government and the Energy department after the termination of joint oil and gas negotiations with China, the agency said over the weekend.
SEC joins global group ANNA to boost local market’s security
THE Securities and Exchange Commission (SEC) said it recently secured membership as a partner in the Association of National Numbering Agencies (ANNA), a global association that seeks to foster standardization within the financial industry.
NorthWind cleared to build power transmission facility
NORTHWIND Power Development Corp. has secured regulatory approval to build a point-to-point energy transmission facility that will connect its 51.9-megawatt (MW) Bangui Bay wind farm to the Luzon grid.