PLDT increasing budget to keep data center in Laguna on track
THE PLDT group expects to exceed its budget of P85 billion for the year to keep its projects, including the hyperscale data center in Sta. Rosa, Laguna, on track.
DMCI Homes, SMPC seen to do well in 2023
SEMIRARA Mining and Power Corp. (SMPC) is expected in 2023 to match this year’s performance while DMCI Homes, Inc. is seen to surpass its 2022 showing, top officials of the Consunji-led companies said.
CTA partially grants Lazada’s tax refund claim
THE Court of Tax Appeals (CTA) has reduced the local business tax (LBT) liabilities of Lazada E-Services Philippines, Inc. to P8.17 million from P21.84 million for the years 2015 and 2017.
Ortigas Land to enter capital market within 5 years
ORTIGAS LAND Corp. is preparing its estates and planning to launch two more as it aims to enter the capital market in the next five years.
Earnings data, digitalization news lift Security Bank stock
SHARES in Security Bank Corp. moved upward as market players assessed its latest earnings report as well as its partnership with Consolsys, the Malaysia-based automation company that will handle the listed bank’s move to go digital.
How PSEi member stocks performed — November 25, 2022
Here’s a quick glance at how PSEi stocks fared on Friday, November 25, 2022.
SMC Global Power appeals rate hike denial — ERC
SMC GLOBAL Power Holdings Corp. is appealing the decision of the Energy Regulatory Commission (ERC) denying its petition for temporary relief to partially recover losses.
San Miguel secures SEC permit to sell P60-B bonds
SAN MIGUEL Corp. has received the permit to sell P60 billion worth of fixed-rate retail bonds from the Securities and Exchange Commission, the listed firm said on Thursday.
SEC warns public against Frutas Comida
THE Securities and Exchange Commission (SEC) advised the public not to invest in Frutas Comida Zamboanga as it has not secured the permit to sell securities.
Millennials, zoomers seen to lead property sales in 3 years
CAROUSELL Philippines expects millennials and those belonging to the “Generation Z” demographic to lead property sales on its online platform in the next three years.
AbaCore unit, partner plan four-star hotel in Batangas
ABACORE Capital Holdings, Inc. on Thursday said its subsidiary executed a memorandum of agreement with a partner to develop a four-star hotel with an amusement park in Batangas.
ACEN subscribes to shares in wind energy units
AYALA-LED ACEN Corp. announced on Thursday that it had executed subscription agreements with two of its subsidiaries to fund a wind energy project in Pagudpud, Ilocos Norte.