CTA affirms denial of Holcim’s tax refund claim
THE Court of Tax Appeals (CTA) has upheld a ruling that declined Holcim Philippines, Inc.’s partial refund claim of three payments of P331,204.64 representing its local tax liabilities for the first three quarters of 2018.
Investors sell on Globe’s third-quarter income, full-year profit estimate
INVESTORS sold Globe Telecom, Inc.’s stock last week after the release of the listed telecommunication company’s double-digit profit growth in the third quarter, analysts said.
How PSEi member stocks performed — November 18, 2022
Here’s a quick glance at how PSEi stocks fared on Friday, November 18, 2022.
Prime Infra works on more gas fields in Malampaya
PRIME INFRASTRUCTURE Capital, Inc. is looking at additional gas fields within its exploration service contract with the government to possibly supply the needs of power plants, its top official said.
Megawide says court affirms dismissal of anti-dummy case
MEGAWIDE Construction Corp. announced on Thursday that it received a court order denying the Lapu-Lapu City prosecutor’s motion for reconsideration in the anti-dummy law violation case filed against the company’s officials.
Solar Philippines secures over 2,000 hectares for its solar farm projects
SOLAR PHILIPPINES Power Project Holdings, Inc. has secured more than 2,000 hectares for its planned 3.5-gigawatts (GW) of solar farms in Nueva Ecija and Bulacan.
PHL seen to add 543,300 sq.m. of office space yearly
THE Philippines can expect the completion of an average of 543,300 square meters (sq.m.) of office space in the next four years, a study on the property shows.
Figaro Group’s profit up 36% to P83 million as store sales climb
FIGARO Coffee Group, Inc. posted a 36.5% increase in attributable net income to P83.42 million in the first quarter from P61.11 million a year ago, after booking higher revenues.
Suntrust, Megawide extend hotel-casino opening to 2024
SUNTRUST Resort Holdings, Inc. and Megawide Construction Corp. agreed to extend the opening of a hotel-casino project to 2024 to provide flexibility to both parties.
Lazada sees strong sales for beauty items, electronics in recent “11.11” sale
E-COMMERCE platform Lazada recorded higher sales for beauty items, electronics, and activewear during its recent “11.11” sale ahead of the holiday season.
Canon Philippines opens Visayas regional office
CANON Marketing Philippines, Inc. recently opened a regional office in Visayas as part of expanding its coverage in the country.
How PSEi member stocks performed — November 17, 2022
Here’s a quick glance at how PSEi stocks fared on Thursday, November 17, 2022.