Regulators step up supervision over financial firms
THE Financial Sector Forum (FSF) started working on a second “supervisory college” this month that aims to design a plan for more effective supervision of financial conglomerates.
Ayala Land to roll out EV hubs in residential estates by next year
AYALA LAND, Inc. will put more focus on its residential estates for the second phase of the rollout of its electric vehicle (EV) charging stations next year.
PT&T losses shrink to P26.7M after cutting expenses
LISTED telecommunications services provider Philippine Telegraph and Telephone Corp. (PT&T) said it managed to reduce its losses for the nine months to September by reducing expenses.
Property sector seen to slow down on higher rates
THE property sector is expected to slow down next year because of incoming stock coupled with higher interest rates and commodity prices, Jones Lang Lasalle (JLL) said.
Alternergy taps foreign partner for wind project
ALTERNERGY Holdings Corp. has entered into a partnership with a foreign company for its Calavite Passage offshore wind project, a company official said last week.
Meralco expects 2022 core earnings to surpass last year’s
MANILA Electric Co. (Meralco) expects to post higher profits this year on sustained growth in energy sales and higher earnings from its power generation businesses.
Attractive discount, growth outlook draw investors to Globe SRO
GLOBE Telecom, Inc., which recently raised P17 billion from an oversubscribed stock rights offering (SRO), benefited primarily from its attractive discount and growth prospects, according to analysts.
Concepcion Industrial swings to profitability
LISTED firm Concepcion Industrial Corp. (CIC) reported an attributable net income of P19.32 million in the third quarter, turning around from the P24.35-million net loss a year ago, due to higher volume turnover and prices.
PAVI to energize 60,000 homes in Visayan islands
PRIME Asset Ventures, Inc. (PAVI), through its power companies, is set to energize 60,000 households in Siquijor and Camotes Islands to address growing power demand.
SMC share price dips as power unit moves to buy back its debt overseas
SAN MIGUEL Corp. (SMC) was the 11th most actively traded stock last week when it announced that its unit SMC Global Power Holdings Corp. is set to buy back securities listed overseas.
How PSEi member stocks performed — October 28, 2022
Here’s a quick glance at how PSEi stocks fared on Friday, October 28, 2022.
Elon Musk taps tycoon Sy for satellite internet
Philippine tycoon Henry Sy Jr. will partner with Elon Musk to launch a satellite broadband service in the Southeast Asian nation.
Data Lake Inc. signed...