AirAsia sees 30% jump in seats sold in June
The Philippine unit of AirAsia Group Berhad saw a 30% increase in seats sold in June over the previous month with the easing of...
First Gen names three LNG storage bidders
LOPEZ-LED First Gen Corp. has picked three foreign firms to participate in a competitive selection process to provide storage and regasification service for its upcoming liquefied natural gas (LNG) import facility in Batangas.
Listed licensor of 7-Eleven halves capital spending to P2B
PHILIPPINE SEVEN Corp., the listed licensor of 7-Eleven convenience stores, is halving its budget for capital expenditures (capex) this year as it suspends expansion plans due to the coronavirus disease 2019 (COVID-19) pandemic.
Grab Philippines president resigns
GRAB PHILIPPINES President Brian P. Cu announced his resignation on Thursday, saying he will now pursue other business interests.
DoubleDragon taps banks for dollar bond offering
DOUBLEDRAGON PROPERTIES Corp. has ordered several banks to set up an issuance of dollar-denominated senior notes to generate funding for its capital expenditures and maturing loans.
Meralco shoulders nearly P13 million in online fees
MANILA ELECTRIC CO. (Meralco) has shouldered P12.6 million in convenience fees which its partner payment platform provider charges utility customers in settling their bills through its mobile application, the company told the Department of Energy (DoE).
AC Energy builds largest wind farm in Vietnam at 210MW
AYALA-LED AC Energy, Inc. is building what is touted to be the largest wind farm in Vietnam, raising its overall renewables capacity to 1,200 megawatts (MW).
ICTSI’s Royal Capital extends tender offer period
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) announced on Thursday that its subsidiary Royal Capital B.V. was extending to July 29 the period for its tender offer.
How PSEi member stocks performed — July 16, 2020
Here’s a quick glance at how PSEi stocks fared on Thursday, July 16, 2020.
Shakey’s cuts capex to P300M, expects recovery in 2 to 3 years
SHAKEY’S PIZZA Asia Ventures, Inc. (SPAVI) is halving its budget for capital expenditures (capex) this year to P300 million as it delays expansion plans to preserve cash.
Eagle Cement targets completion of Bulacan expansion by yearend
EAGLE Cement Corp. is targeting to finish its new plant in Bulacan before the year ends to increase its capacity for cement manufacturing.
SM Investments plans P30-billion bond program
SM INVESTMENTS CORP. (SMIC) is applying for a debt securities program with an aggregate amount of P30 billion with the Securities and Exchange Commission (SEC).