House of Investments acquires property firm
House of Investments, Inc. (HI) has acquired San Lorenzo Ruiz Investment Holdings and Services, Inc. (SLRIHSI) for P1.95 billion.
In a disclosure to the stock...
Italpinas signs P250-M DBP loan
Real estate developer Italpinas Development Corporation (IDC) said on Friday it signed a deal to get a P250 million new term loan with the...
Telcos’ revenue growth seen stable next year
MOODY’S INVESTORS Service on Thursday said it expects the revenue growth of Philippine telecommunications companies to remain stable in 2021.
Republic Cement looks to co-process 10M plastic sheets, bags
THE RESOURCE RECOVERY arm of Republic Cement Services, Inc., ecoloop, plans to co-process a minimum of 10 million plastic sachets or bags per day by next year as part of its efforts to alleviate the country’s waste problem, officials said on Thursday.
Globe signs P5-billion loan facility for capex
GLOBE TELECOM, Inc. announced on Thursday that it had signed a P5-billion loan facility with the Land Bank of the Philippines.
World Bank Group’s IFC assigns new country manager for the Philippines
THE INTERNATIONAL Finance Corp. (IFC), a member of the World Bank Group, has assigned Jean-Marc Arbogast as the new country manager for the Philippines, it said in a statement on Thursday.
Century Properties starts turnover of units in Mandaluyong and QC projects
CENTURY PROPERTIES Group, Inc. has started the turnover of 1,200 units valued at P4.5 billion at its newest Mandaluyong and Quezon City projects.
BoI in talks with motorcycle firms for relocation to PHL
THE BOARD of Investments (BoI) is in talks with a motorcycle engine assembly and manufacturing company for potential relocation to the Philippines as the firm considers closing down operations in its other locations in the Association of Southeast Asian Nations (ASEAN).
San Miguel to invest P3 billion in Petrogen Insurance
San Miguel Corp. (SMC) is making an equity investment of P3 billion in Petrogen Insurance Corp., a wholly-owned insurance company of Petron Corp., it said in a disclosure to the Philippine Stock Exchange (PSE).
How PSEi member stocks performed — December 3, 2020
Here’s a quick glance at how PSEi stocks fared on Thursday, December 3, 2020.
Nielsen expects FMCG sales growth this holiday season
NIELSEN expects growth in fast-moving consumer goods (FMCG) sales in the Philippines during the holidays, led mostly by food and baking product sales.
PCC approves ACEPH, Axia JV for power plant
THE Philippine Competition Commission (PCC) has approved the joint venture (JV) between Ayala-led AC Energy Philippines, Inc. (ACEPH) and the Philippine energy unit of Japan-based Marubeni Corp. that is looking to build a diesel-fired plant in Rizal.