Aboitiz unit speeds up construction of water project in Davao

ABOITIZ UNIT Apo Agua Infrastructura, Inc. has sped up the construction of its bulk water supply project in the Davao City Water District.

AgriNurture acquires 51% of IT company Pay8, Inc.

LISTED agricultural firm AgriNurture, Inc. (ANI) has acquired 51% of information technology (IT) company Pay8, Inc. in efforts to serve farmers living in rural areas across the country.

Phoenix maintains issuer rating for P10-billion commercial papers

PHOENIX Petroleum Philippines, Inc. preserved its issuer credit rating over its three-year P10-billion commercial papers program.

How PSEi member stocks performed — July 21, 2020

Here’s a quick glance at how PSEi stocks fared on Tuesday, July 21, 2020.

Broadcast companies expected to boost investments in content and infrastructure

BROADCAST media firms, especially GMA Network, Inc. and TV5 Network, Inc., are expected to boost their investments in content and infrastructure to take advantage of ABS-CBN Corp.’s shutdown.

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.