SEC approves Balai ni Fruitas’ P309-million IPO
THE Securities and Exchange Commission (SEC) on Wednesday announced that it approved the initial public offering (IPO) of Balai ni Fruitas, Inc. for up to P309.38 million.
Rockwell to expand further in Visayas
ROCKWELL Land Corp. on Wednesday said that it is developing two projects in the Visayas this year, when it also set to launch another premium tower at its flagship center in Makati City.
PSE warns firms on possible trading suspension
THE Philippine Stock Exchange (PSE) announced that 11 companies are at risk of being suspended from trading due to their noncompliance with the submission of financial reports.
Emperador posts slight profit rise to P2.1B
EMPERADOR, Inc. reported on Wednesday that net income attributable to equity holders reached P2.1 billion in the first quarter, or just a tad higher than the P2.08-billion profit recorded a year ago.
Tax court grants logistics firm’s appeal to cancel liabilities
THE Court of Tax Appeals (CTA) has granted the appeal of Oro Dare Logistics Corp. to set aside its P6.4-million deficiency income tax liabilities for the taxable year 2010.
A Brown unit starts building e-beam irradiation facility
A UNIT of A Brown Co., Inc. has started the construction of what it described as the country’s first commercial electron beam — or e-beam — irradiation facility that allows the treatment of goods.
Meralco unit Spectrum powers plastics maker’s solar facility
A SUBSIDIARY of listed power distributor Manila Electric Co. (Meralco) has energized a solar-powered facility of Alphatech Development Corp. as the latter adopts more sustainable business operations.
LRWC’s net loss widens on higher operating expenses
LEISURE and Resorts World Corp. (LRWC) reported a first-quarter net loss of P222.39 million attributable to the parent firm, wider than the P125.6-billion loss a year ago, as gross gaming revenues slipped while operating expenses increased.
How PSEi member stocks performed — May 25, 2022
Here’s a quick glance at how PSEi stocks fared on Wednesday, May 25, 2022.
Globe group working to typhoon-proof fiber network
GLOBE Telecom, Inc. is working to typhoon-proof its fiber network by shifting to an underground cabling system, a company official said on Tuesday.
Gokongwei firm signs shareholder deal with Maxicare
THE group behind Maxicare announced on Tuesday that it agreed to have the private investment company of the Gokongwei clan as a co-equal shareholder of the health insurer.
Court rules against Marcopper
A LOCAL court in Marinduque ruled in favor of at least 30 plaintiffs against Marcopper Mining Corp. for a mine spill incident in 1993.