Hybrid work setup to stay, says communications firm Poly

NEARLY two years into the pandemic and after months of office adjustments, a hybrid setup is seen to be the default arrangement for Asia-Pacific’s work force and work spaces this year and beyond.

NEA sought to reconsider suspension order, says Beneco counsel

BENGUET Electric Cooperative (Beneco) decried the suspension of its directors and some officials for alleged mismanagement as ordered by National Electrification Administration (NEA), prompting the power distributor to file a motion for reconsideration, its lawyer said.

Investors buy Converge after top bond rating, international network expansion

INVESTORS snatched up fiber internet company provider Converge ICT Solutions, Inc. shares last week following a high credit rating given for its bond offering and increased international network facility.

How PSEi member stocks performed — December 31, 2021

Here’s a quick glance at how PSEi stocks fared on Friday, December 31, 2021.

PAL completes financial restructuring

By Revin Mikhael D. Ochave, Reporter  PHILIPPINE Airlines Inc. (PAL) announced before the new year the completion of its financial restructuring and disclosed plans to...

Ayala eyes stake in Singapore, Myanmar firms for $237.5M

Ayala Corp. announced on Friday its plan to acquire a 20% share in Singapore-based Yoma Strategic Holdings Inc. (YSH) and a 20% stake in...

Listed firms raise record P234B in 2021

Companies raised a record P234.48 billion at the stock exchange in 2021 to beat the previous high of P228.33 billion set In 2012, the...

AC Energy, unit forge asset-for-shares swap deal

Ayala-led AC Energy Corp. is swapping some of its assets for shares in its oil and gas exploration unit ACE Enexor, Inc. in a...

PAL Holdings seeks SEC nod on capital hike to P30B

PAL Holdings, Inc. has filed an application with the Securities and Exchange Commission (SEC) for a capital increase to P30 billion and an amendment...

Market interest in REITs seen to continue in 2022

INVESTORS and property developers alike are expected to continue supporting the interest in real estate investment trusts (REITs), which will “remain a bright spot” in 2022.

SEC issues halt order against operations of SCET Colleens

THE Securities and Exchange Commission (SEC) issued a cease-and-desist order against SCET Colleens Corp. for its unlicensed investment scheme. 

AirAsia Philippines to increase flights in 2022

Airasia Philippines is increasing flight frequencies starting next year and will be reopening one of its key hubs to serve more customers.