THE arrest and detainment of Chau Cheok Wa and the allegations surrounding Summit Ascent Holdings Ltd.’s (SA Holdings) integrated resort in Russia will not affect the operations of Suncity Group Holdings, Ltd. and SA Holdings.  Mr. Chau sits as chairman of the board in both Suncity Group and SA Holdings. 

PACIFIC Online Systems Corp. has signed an agreement for the five-year lease of the customized Philippine Charity Sweepstakes Office (PCSO) Lottery System (PLS). 

BERONG Nickel Corp. (BNC) has allocated P110 million for the six-year rehabilitation of a nickel mine in Quezon, Palawan that is expected to be fully depleted by end-2021.

Here’s a quick glance at how PSEi stocks fared on Wednesday, December 1, 2021.

CREDIT ratings agency Moody’s Investors Service forecasts that revenue growth for telecommunications companies in the Philippines will “remain stable” in 2022, owing primarily to the increasing data consumption and broadband usage amid the pandemic crisis.

THE Securities and Exchange Commission (SEC) has issued a cease-and-desist order against Olympro Stocktrading Web Content Publishing and its owner, Christian Mark Lacson Peredo, for their unregistered investment solicitations.

THE suggested retail price (SRP) of food products usually consumed on Christmas Eve, commonly known as Noche Buena, is stifling for food retailers, according to an industry group. 

THE Securities and Exchange Commission (SEC) is calling on the public to participate in its “Present Me Anything” (PMA) sessions, which it described as a venue for companies to pitch their “ideas relative to their innovation or business models.”

AYALALAND Logistics Holdings Corp. (ALLHC) is aiming to be a “dominant player” in the real estate logistics sector, taking note that the sector has become a “favorite” among institutional investors globally.

ARTIFICIAL intelligence (AI) can help Philippine organizations be more proactive in responding to cybersecurity threats, global technology company ManageEngine said.

THE country’s major telecommunications services providers PLDT, Inc., its wireless arm Smart Communications, Inc., and Globe Telecom, Inc. said the spectrum fees are becoming excessive.

PHILIPPINE Airlines, Inc. (PAL) announced on Monday that it would expand its services in the Visayas and Mindanao in anticipation of increased demand during the upcoming holiday season.