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...
MGen eyes to expand renewable energy portfolio
MERALCO POWERGEN Corp. (MGen) is planning to expand its renewable energy (RE) portfolio, with a new project likely to begin construction by the second...
Hilton Hotels looking to grow Philippine workforce amid easing travel curbs
HILTON HOTELS is looking to grow its workforce in the Philippines as it pursues expansion opportunities in Southeast Asia amid easing travel restrictions.
“The Philippines...
ARQCapital Partners to invest in more small firms
ARQCAPITAL Partners, Inc. is raising more funds to reach its target to invest about P2.5 billion in 50 “high-growth” medium enterprises in next three...
Tax court denies refund claim of manning agency
THE COURT of Tax Appeals (CTA) has denied BSM Crew Service Centre Philippines’ refund claim worth P4.79 million in supposed excess value-added tax (VAT)...