Cebu Pacific sees growing demand for cargo
BUDGET carrier Cebu Pacific said it recently took delivery of its second cargo freighter, as it aims to take advantage of the growing demand for cargo to and from the Philippines amid the ongoing pandemic crisis, a top official said.
PSALM reduces debt by 9.5% by end-2020
THE Power Sector Assets and Liabilities Management Corp. (PSALM) ended 2020 with principal financial obligations amounting to P381.91 billion or lower by 9.5% compared with the level at the start of last year.
SEC approves incorporation of Suncity WC Hotel to Suntrust
THE Securities and Exchange Commission (SEC) has approved the incorporation of Suncity WC Hotel Inc. as a new wholly owned subsidiary of Suntrust Home Developers, Inc.
Skyway 3 to be toll-free for frontliners, SMC says
SAN MIGUEL Corp. (SMC) on Wednesday said medical frontliners are allowed to use the newly opened Skyway Stage 3 for free.
How PSEi member stocks performed — January 20, 2021
Here’s a quick glance at how PSEi stocks fared on Wednesday, January 20, 2021.
PLDT, Smart report more than 70% improvement in download speeds
PLDT, Inc. said its fixed broadband download speeds had improved by 78% in 2020 after expansions and upgrades amid a pandemic crisis.
Annual capacity of ICTSI’s MICT rises to 3.3 million TEUs after expansion
LISTED port operator International Container Terminal Services, Inc. (ICTSI) on Tuesday said it had completed a berth expansion project at the Manila International Container Terminal (MICT), raising the terminal’s annual capacity by 10% to 3.3 million TEUs (twenty-foot equivalent units).
Cemex invests $235M in new cement line
CEMEX Holdings Philippines, Inc. has positioned its large heating device as it builds the cement production line that would add 1.5 million metric tons of cement to the firm’s annual capacity.
Shell’s solar farm now powers its Batangas import facility
PILIPINAS SHELL Petroleum Corp.’s solar farm in Tabangao, Batangas has been supplying power to the listed oil company’s import terminal since December, its top executive said on Monday.
FEU income rises nearly 28% as operating costs fall
FAR EASTERN University, Inc. (FEU) posted a 27.8% increase in net income attributable to parent company equity holders to P589.33 million for its end-November quarter due to higher revenues and lower operating expenses.
Globe’s new unit ABSI hopes to earn P500M annually
ASTI Business Services, Inc. (ABSI), the first subsidiary of Globe Telecom, Inc.’s Asticom Technology, Inc., a shared services company, is hoping to break into the multi-billion peso shared services market, as it aims to earn at least P500 million annually, the Ayala-led telecommunications firm said.
Maynilad opens P70-M water laboratory
WEST ZONE water concessionaire Maynilad Water Services, Inc. announced the recent opening of its P70-million water laboratory that will test water quality and wastewater effluents in its concession area.