NexGen boosts stake in SPARC to 95.56%
LISTED renewable energy firm NexGen Energy Corp. (NexGen) has increased its stake in subsidiary Solar Powered Agri-rural Communities Corp. (SPARC) to 95.56% from 77.78%.
“This...
Retiro Golden Foods secures partial relief from tax penalties
THE COURT of Tax Appeals (CTA) partially granted Retiro Golden Foods, Inc.’s petition against the Bureau of Internal Revenue (BIR), ordering the cancelation of...
How PSEi member stocks performed — January 7, 2025
Here’s a quick glance at how PSEi stocks fared on Tuesday, January 7, 2025.
Roads, railways support needed for airport upgrades — analysts
THE Philippines is poised to boost its aviation sector by upgrading the Ninoy Aquino International Airport (NAIA) and other key airports, but this will only be successful if critical infrastructure projects are developed at the same time, according to analysts.
NGCP sees timely completion of grid projects
THE NATIONAL Grid Corporation of the Philippines (NGCP) said it remains optimistic about keeping its ongoing grid projects on track despite encountering challenges.
“Despite challenges...
JFC’s Milksha to acquire 70% stake in Taiwan’s Moon Moon Food
JOLLIBEE Foods Corp. (JFC) announced that its subsidiary Milkshop International Co., Ltd. will acquire a 70% stake in Taiwan’s Moon Moon Food, a wellness...
Aragon-GoBio to succeed Gokongwei as RLC president, CEO
ROBINSONS Land Corp. (RLC) announced that Lance Y. Gokongwei is stepping down as its president and chief executive officer (CEO) and will be replaced...
First Gen secures permit for LNG terminal in Batangas
FGEN LNG Corp., a wholly owned subsidiary of Lopez-led First Gen Corp., said it has received a permit from the Energy department to operate...
MGen unit to build 600-MW gas-fired power facility in Singapore
PACIFICLIGHT Power Pte. Ltd. (PLP), a subsidiary of Meralco PowerGen Corp. (MGen), is set to build a 600-megawatt (MW) gas-fired power facility in Singapore...
ERC to review $3-B LNG deal after PCC approval
THE ENERGY Regulatory Commission (ERC) said it will review the $3-billion energy landmark deal between Manila Electric Co. (Meralco), Aboitiz Power Corp. (AboitizPower), and...
PremiumLands to turn Asiabest into infrastructure group
LISTED holding company Asiabest Group International Inc. could become an infrastructure group if the planned backdoor listing of real estate developer PremiumLands Corp. (PLC)...
Ninja Van, URC sign B2B logistics partnership
LOGISTICS provider Ninja Van Philippines and food and beverage manufacturer Universal Robina Corp. (URC) have partnered to improve the latter’s product restocking and distribution...