Cavite sees ‘signs’ to seal JV for Sangley airport
THE Cavite government sees “signs” that it will finally seal a joint venture (JV) agreement by Nov. 24 with MacroAsia Corp. and its partner China Communications Construction Co. Ltd. (CCCC) for the $10-billion Sangley Point International Airport project.
AC Energy readies sale of stake in Bataan and Mindanao power projects
AYALA-LED AC Energy, Inc. plans to sell its investments in coal-fired power plant projects in Bataan and Lanao del Norte in line with its goal to generate more than half of its energy output from renewables by 2025.
SMC vows stricter measures after Skyway accident
SAN MIGUEL Corp. (SMC) President and Chief Operating Officer Ramon S. Ang on Sunday said the company and its contractor EEI Corp. will be implementing “stricter” safety measures at the Skyway Extension project site after an accident that resulted in one fatality and four injuries.
Tax appeals court affirms canceled taxes on Manila Medical Services
THE Court of Tax Appeals (CTA) affirmed the cancellation of the alleged tax deficiency of Manila Medical Services, Inc. (Manila Doctors Hospital) for 2009 worth P127.6 million.
TNT to dominate market by yearend — Smart
TELCO brand TNT is expecting to dominate the market by the end of 2020 after it gained the most subscribers in the third quarter of the year, Smart Communications, Inc. said.
Investors snatch up Security Bank after Q3 earnings data
INVESTORS took positions on Security Bank Corp. last week after it released its third-quarter (Q3) earnings report.
How PSEi member stocks performed — November 20, 2020
Here’s a quick glance at how PSEi stocks fared on Friday, November 20, 2020.
Stockholders approve Cebu Air’s stock rights offering
Cebu Air, Inc. has obtained approval from stockholders for its plan to issue convertible preferred shares and bonds, as the operator of Cebu Pacific...
Mega Global invests P1B in Batangas facility
Sardines manufacturer Mega Global Corp. is investing in a P1 billion manufacturing plant in Batangas to meet a spike in demand for canned goods.
The...
Smart to build 2,000 cell sites next year
Smart Communications, Inc., the wireless subsidiary of PLDT, Inc., said it targets to put up 2,000 new cell sites next year to support its...
Philippines property may be key to equity market recovery
Real estate stocks in the Philippines are among the top winners of the global value rotation and look poised to become a key part...
SMC to add more RFID installation sites
San Miguel Corp. (SMC) is adding more installation sites for the radio-frequency identification (RFID) stickers used at its toll roads, as it anticipates a...