Xurpas plans to sell 21.17% stake in Altitude Games
LISTED technology services company Xurpas, Inc. plans to sell its 21.17% stake in Singapore-based mobile gaming company Altitude Games Pte. Ltd., the company announced...
Globe Telecom appeals for SIM registration extension
GLOBE Telecom, Inc. is appealing for an extension of the subscriber identity module (SIM) registration to give subscribers more time to obtain necessary government...
Navegar eyeing ‘major investments’ in PHL businesses
PRIVATE equity firm Navegar plans to invest in “fast-growing” businesses in the Philippines over the next two years, the company announced on Tuesday.
“Beyond investing capital, our...
How PSEi member stocks performed — April 11, 2023
Here’s a quick glance at how PSEi stocks fared on Tuesday, April 11, 2023.
Power companies seen to post mixed results for Q1
ENERGY companies are expected to deliver mixed results for the first quarter (Q1), according to analysts, with one fund expert saying that the period...
Meralco to shift EV services to new subsidiary Movem
MANILA Electric Co. (Meralco) plans to shift some of the services provided by its electric vehicle (EV) unit eSakay, Inc. to a newly established...
SM group may build consolidation hubs to support MSMEs
SM INVESTMENTS Corp. (SMIC) said it plans to build “consolidation hubs” to aid micro-, small-, and medium-sized enterprises (MSMEs) with their logistical requirements.
“They are...
Singapore-based Vena Energy eyes expansion projects in PHL
SINGAPORE-based Vena Energy plans to launch more renewable energy projects in the Philippines with a combined capacity of 500 megawatts (MW) within the next...
Kaya Founders may invest in 2 startups on sustainability
EARLY-stage investment company Kaya Founders is planning to invest in two businesses associated with sustainability, its partner said.
“For Kaya Founders, we are looking into...
Spectrum powers Atkins’ facility in Cavite
MSPECTRUM, Inc. (Spectrum) has energized the newest cold storage facility of Atkins Import and Export Resources, Inc. in Naic, Cavite, the renewable energy company...
Elevated inflation seen to affect telco, ICT companies’ earnings
THE PROFITABILITY of telecommunications and information and technology (ICT) companies could take a hit from the impact of elevated inflation on consumers’ purchasing power...
AirAsia pays $2.1B in pandemic refunds
LOW-COST CARRIER AirAsia has paid $2.1 billion or 98.4% of the refund claims it received since the start of the coronavirus pandemic in March...