Western brands dominate sustainability space in Philippines — report
THREE Western brands are leading in sustainability efforts in the Philippines, based on perceptions of locals, according to a national study released by a research firm and a data provider.
Pepsi opens new line in Batangas to boost production
PEPSI COLA Products Philippines Inc. (PCPPI) has opened a new line in Santo Tomas, Batangas that it expects to improve the overall polyethylene terephthalate (PET) bottle production by 30%.
How PSEi member stocks performed — January 26, 2021
Here’s a quick glance at how PSEi stocks fared on Tuesday, January 26, 2021.
Cavite sees ‘infirmities’ in MacroAsia-CCCC’s Sangley submissions
THE Cavite government saw “infirmities” in the required documents submitted by the consortium of MacroAsia Corp. (MAC) and China Communications Construction Co. Ltd. (CCCC) for the Sangley Point International Airport project, the province’s top official said.
AC Energy to take majority stake in Solar Philippines unit
Ayala-led AC Energy Corp. is set to own the majority stake in a solar farm subsidiary of Solar Philippines Power Project Holdings, Inc. after forging a deal to acquire 99% of the unit’s primary and secondary shares for P619,000, the listed firm told the local bourse on Monday.
Cebu Air plans start of $250-M convertible preferred shares offering in Feb.
CEBU AIR, Inc., the listed operator of budget carrier Cebu Pacific, said on Monday it might start its $250-million convertible preferred shares stock rights offering on Feb. 26 as part of its fundraising plan.
Chelsea to hike authorized capital stock to P3.5 billion
CHELSEA LOGISTICS and Infrastructure Holdings Corp. is seeking to increase its authorized capital stock to P3.5 billion.
Greenergy sets up units for infrastructure, community development
ANTONIO L. Tiu-led Greenergy Holdings, Inc. has approved the incorporation of two wholly-owned units focusing on projects and services related to infrastructure and community development, the listed firm said on Monday.
LT Group says PMFTC merging with Philip Morris Manufacturing
LUCIO TAN’S holding company LT Group, Inc. said on Monday that one of its indirect subsidiaries PMFTC, Inc. is merging with Philip Morris Manufacturing Philippines Inc. as part of an internal restructuring effort.
DFNN affiliate gains control of listed Australian gaming operator
AN AFFILIATE of gaming and technology Filipino firm DFNN, Inc. has acquired 92% of the issued share capital of a casino operator listed on the Australian Stock Exchange (ASX), the company told the local bourse on Monday.
RFM says consumers brands post double-digit growth rates
RFM Corp. said on Monday that preliminary data for 2020 showed its consumer brands posted double-digit growth rates last year, pointing to better revenue and income figures for the food and beverage manufacturer.
How PSEi member stocks performed — January 25, 2021
Here’s a quick glance at how PSEi stocks fared on Monday, January 25, 2021.