CITICORE Energy REIT Corp. (CREIT) on Wednesday reported a net income of P300.84 million for the second quarter of the year, more than four times higher than the P65.68 million posted in the same period last year.

THE Court of Tax Appeals (CTA) affirmed the cancellation of the tax assessment on Autostrada Motore, Inc. worth P341.37 million inclusive of penalties and interest for the fiscal years 2011 to 2013.

SHAKEY’S Pizza Asia Ventures, Inc. is aiming to “future-proof” its business as it turns its healthy, plant-based menus into a company-wide campaign.

SOLAIRE Resort & Casino has topped off its second property located in Vertis North, Quezon City which will cater to the luxury integrated resort’s market in the northern and eastern parts of Metro Manila.

KIA PHILIPPINES recently inaugurated a new dealership in Ortigas Ave. as part of the car manufacturer’s expansion efforts in the country this year.

SUNLAND Development Corp. (SDC) is constructing a 200-room Red Hotel in Cebu as it banks on the city’s economic expansion.

Here’s a quick glance at how PSEi stocks fared on Wednesday, July 27, 2022.

THE PHILIPPINES needs to diversify its sources of energy for the security of supply, the Energy chief said on Tuesday, as he outlined the administration’s priorities to include developing indigenous sources and possibly adopting nuclear energy.

THE country’s major telecommunications companies expect a more digitalized Philippines under the Marcos administration.

LOCAL carriers Philippine Airlines, Inc. (PAL) and Philippines AirAsia, Inc. (AirAsia Philippines) said the administration’s plan to upgrade and build new international airports, which President Ferdinand R. Marcos, Jr. highlighted in his first address to the nation on Monday, will open up new growth opportunities for the industry.

THE SECURITIES and Exchange Commission (SEC) said that the Batangas Regional Trial Court sentenced seven officers of One Dream Global Marketing, Inc. who were involved in alleged investment scams.

ACEN Corp. is divesting all shares in the remaining coal-fired power plant in its portfolio in a deal valued at P3.7 billion, which it will, in turn, invest in renewable energy projects, the Ayala-led company said on Tuesday.