Property sector to face headwinds in 2023 — JLL
THE property sector may face headwinds brought by structural changes and macroeconomic challenges this year, according to JLL Philippines.
“We may see rougher currents ...
Philstocks awaits PSEi’s rally on economy’s prospects
THE local market is expected to move with an upward bias this year as long as the Philippine economy will see favorable developments, an...
SC sets aside steel manufacturer’s tax liabilities worth P37.7-million
THE Supreme Court (SC) has canceled Prime Steel Mill, Inc.’s deficiency income tax liabilities worth P37.68 million inclusive of interest and penalties for 2005.
In...
ACEN says 700-MW solar, wind plants to run in 2023
ACEN Corp. is expecting at least 700 megawatts (MW) of its solar and wind projects to start operations in 2023.
“ACEN is currently building over...
ICTSI rises on prospects for 2023, acquisition news
SHARES in Razon-led International Container Terminal Services, Inc. (ICTSI) moved upward last week as investors assessed the port operator’s financial performance as well as...
PSE projects market rebound after decline in 2022
BOURSE operator Philippine Stock Exchange, Inc. (PSE) expects local shares to bounce back in 2023 as it banks on the further reopening of the...
SMC unit to supply Albay utility’s one-year power needs
SMC Global Power Holdings Corp.’s subsidiary will supply the power requirements of Albay Electric Cooperative (Aleco) for one year, the company announced on Thursday.
“This...
Vista Land draws on P12-B facility to refinance loans
VISTA LAND & LIFESCAPES, Inc. has obtained a three-year corporate note facility of up to P12 billion that it will use to refinance its...
NTC: Over 3 million SIM cards registered so far
MORE THAN 3 million subscriber identity module (SIM) cards have been registered as of Dec. 28 as required by law, according to the National...
AC Logistics unit tapped to handle waste in El Nido
SUBSIDIARIES of AC Logistics Holdings Corp. and Ayala Land Hotels and Resorts Corp. (ALHRC) signed an agreement for the transport, handling, and management of...
CTA affirms ruling partially granting shipping firm’s VAT refund claim
THE Court of Tax Appeals (CTA) has affirmed its ruling partially granting BW Shipping Philippines, Inc.’s P3.18-million refund claim representing its excess input value-added...
MWSS to Maynilad: Explain service interruptions
THE regulatory office of the Metropolitan Waterworks and Sewerage System (MWSS) has warned Maynilad Water Services, Inc. of another sanction if the concessionaire fails...