Online accounts seen lifting stock market participation
ONLINE INVESTORS continue to lift participation in the local bourse in 2019, and more of these are expected to come on board this year, the Philippine Stock Exchange, Inc. (PSE) said.
PXP Energy stands by to resume drilling of Recto Bank oil block
PXP Energy Corp. has set its eyes on exploring an oil block within the disputed West Philippine Sea that is estimated to bear as much as 3 trillion cubic feet of gas resources.
Fastfood groups tap PayMaya for cashless transactions
DIGITAL PAYMENTS firm PayMaya Philippines, Inc. on Wednesday said Jollibee Group, McDonald’s and KFC have started to adopt its digital payments solutions as part of their health and safety measures against the coronavirus disease 2019 (COVID-19).
ERC considers tapping state auditors to check Meralco refund
THE Energy Regulatory Commission (ERC) is planning to engage the Commission on Audit (CoA) to inspect the Manila Electric Co.’s (Meralco) conduct of refunding some bill portions that were collected in the past years.
How PSEi member stocks performed — July 15, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, July 15, 2020.
Online transaction complaints rose by almost 90% during lockdown
Consumer complaints involving online transactions rose by 89.99% during the enhanced community quarantine (ECQ), shared the Department of Trade and Industry (DTI).
DMCI cuts spending on weak demand
CONSUNJI-LED DMCI Holdings, Inc. is reducing its capital expenditure by more than half, with its real estate business slowing down acquisitions for the rest of the year.
First-half imported car sales down 55% but June shows uptick
IMPORTED vehicle sales dropped 54.8% in the first half of 2020 after the lockdown led to dealership closures, so far exceeding the Association of Vehicle Importers and Distributors, Inc.’s (AVID) expected 40% full-year slump.
Vista Land seeks to raise $200M to refinance loans
VISTA LAND & Lifescapes, Inc. (VLL) is issuing $200-million (about P9.91 billion) senior guaranteed notes through a wholly owned subsidiary to refinance existing loans.
LRT-1 operator continues to suffer from low rider count
LIGHT RAIL Manila Corp. (LRMC), operator of Light Rail Transit Line 1 (LRT-1), continues to suffer from low ridership due to the ongoing coronavirus pandemic.
La Mesa treatment plant upgrade almost complete, says Maynilad
THE P7.9-billion upgrade of La Mesa treatment plants 1 and 2 in Quezon City are almost complete after quarantine restrictions have been eased by the National Government, according to west zone water concessionaire Maynilad Water Services, Inc.
Emperador projects sales from China to double
EMPERADOR, Inc. is expecting revenues from China to double at the end of the year as it has been recording double-digit sales growth from overseas markets in the first half.