Meralco proceeds with bids for 170-MW emergency supply
POWER distributor Manila Electric Co. (Meralco) will proceed with emergency procurement of 170-megawatt (MW) power supply in preparation for the dry months and the national elections, it said on Thursday.
SIM card registration seen to complement mobile number porting
TELECOMMUNICATIONS Connectivity, Inc. (TCI), the joint venture run by the Philippines’ main mobile service providers, said on Thursday that the proposed legislation requiring the registration of subscriber-identity-module (SIM) cards will strengthen its resolve to ensure safe and secure mobile number porting (MNP) service.
EEI gearing up for more ‘mega’ projects after follow-on offering
EEI Corp. is preparing to participate in more construction projects after raising P6 billion from its follow-on offering (FOO).
Cemex Holdings says Cebu plant remains operational
CEMEX Holdings Philippines, Inc. said subsidiary APO Cement Corp.’s plant in Naga City in Cebu remains operational despite Typhoon Odette.
CTBC Bank extends funding for PGH ambulance
CTBC Bank (Philippines) Corp., a subsidiary of Taiwan’s largest private bank, recently donated P3.72 million to the Philippine General Hospital Medical Foundation, Inc. (PGHMFI) for the purchase of a new ambulance equipped with life support capabilities for use of the hospital’s department of emergency medicine.
How PSEi member stocks performed — December 23, 2021
Here’s a quick glance at how PSEi stocks fared on Thursday, December 23, 2021.
Haus Talk prices IPO shares at P1.50 apiece
RESIDENTIAL developer Haus Talk, Inc. has priced its initial public offering (IPO) shares at its ceiling of P1.50 apiece, the company said in a letter to the exchange on Wednesday.
SMIC registers P15-billion fixed-rate bonds
THE Securities and Exchange Commission (SEC) said it received on Wednesday the registration statement of SM Investments Corp. (SMIC) for a P15-billion fixed-rate bond offering.
SEC revokes registration of iWATCH.PH
THE Securities and Exchange Commission (SEC) has revoked the registration statement of iWATCH.PH Corp. for its unlicensed investment solicitation activities similar to a “pyramid scheme.”
Digital infrastructure seen to benefit from full foreign entry
FITCH SOLUTIONS said the removal of foreign ownership cap in public services could increase foreign investment appetite in the Philippines, particularly in the telecoms and technology sectors.
SPNEC readies land for solar capacity beyond 500 MW
SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) on Wednesday said it is preparing a 1,000-hectare land as it gears up for a joint venture with an unnamed company to expand the capacity of its solar farm beyond 500 megawatts (MW).
EEI completes follow-on offering, raises P6 billion
EEI CORP. raised P6 billion from its follow-on offering as listed construction firm exercised its oversubscription option following strong demand from investors.