AC Energy heads to India with $68-million solar project
THE AYALAS’ energy arm is set to debut in India with a new energy project to boost its renewables portfolio in the Asia and Pacific region.
PSE index to range within 6,550-7,050 in end-2020, say Philstocks analysts
BROKERAGE Philstocks Financial, Inc. is projecting the Philippine Stock Exchange index (PSEi) to end the year within 6,550 to 7,050 on the back of hopes of an improving economy albeit continued dampened corporate earnings.
ERC flags 12 power utilities for quarantine billing issues
THE Energy Regulatory Commission (ERC) has so far counted 12 distribution utilities (DUs) under evaluation for possible violations of its advisories on issuing bills during the quarantine months.
San Miguel orders banks to arrange dollar-denominated bond offer
SAN MIGUEL CORP. (SMC) has tapped banks to set up its planned offering of dollar-denominated bonds from its $3-billion securities program.
Supreme Court upholds ruling on P3.8-B MRT maintenance deal
THE SUPREME COURT (SC) upheld a ruling of a Quezon City trial court, denying the petition of Busan Universal Rail, Inc. (BURI) to prohibit the Department of Transportation-Metro Rail Transit (MRT) 3 from terminating their P3.8-billion maintenance contract.
Maynilad, DLSMC launch COVID-19 testing facility
MAYNILAD WATER SERVICES, Inc. and the Delos Santos Medical Center (DLSMC) have formally inaugurated a new P15-million testing and laboratory center in Quezon City to help curb the spread of the coronavirus disease 2019 (COVID-19) in the country.
How PSEi member stocks performed — July 20, 2020
Here’s a quick glance at how PSEi stocks fared on Monday, July 20, 2020.
PSE screens brokers for first REIT trade
THE Philippine Stock Exchange, Inc. (PSE) has started accepting applications for eligible brokers to trade real estate investment trust (REIT) securities ahead of Ayala Land, Inc.’s (ALI) REIT offering.
Ayala affiliate caps offer to take over Australia’s Infigen
AN AUSTRALIAN affiliate company of Philippine-listed conglomerate Ayala Corp. will no longer outdo the offer of rival bidder Iberdrola, S.A. to acquire Infigen Energy, Ltd.
SEC permanently shuts CROWD1
THE Securities and Exchange Commission (SEC) has denied the request of CROWD1 Asia Pacific, Inc. to have its shutdown order lifted.
Megaworld targets sales of P1.5 billion from condo tower in Iloilo City township
MEGAWORLD CORP. has recently launched a new condominium tower project in its 72-hectare township in Iloilo City.
OUTLIER: ABS-CBN franchise rejection drives trade volume of rival GMA
NEWS of Philippine lawmakers rejecting the franchise application of ABS-CBN Corp. drove market players to take positions — and later profits — on the stock of rival GMA Network, Inc. last week.