PSALM to open new bidding CBK hydropower complex
STATE-RUN Power Sector Assets and Liabilities Management (PSALM) Corp. said it will initiate a rebidding process for the privatization of the Caliraya-Botocan-Kalayaan (CBK) hydroelectric...
How PSEi member stocks performed — February 5, 2025
Here’s a quick glance at how PSEi stocks fared on Wednesday, February 5, 2025.
Corporate registrations up 6% to 52,304 last year
NEW COMPANY registrations reached 52,304 in 2024, a 6% increase from 49,506 in 2023, supported by digital platforms that streamlined applications, the Securities and...
JLL: Adjust rates to boost office demand
OFFICE BUILDING developers may need to adjust rental rates or offer more favorable lease terms to attract tenants and stimulate demand in the current market, according to property services firm JLL Philippines.
Power spot prices down in January
ELECTRICITY PRICES at the Wholesale Electricity Spot Market (WESM) declined in January due to a higher average system margin, according to the Independent Electricity...
Fruitas board OKs P100-M share buyback program
FRUITAS HOLDINGS, Inc. board has approved a share buyback program of up to P100 million to boost shareholder value, the company announced on Tuesday.
The...
Pryce sees 30.34% profit growth
PRYCE CORP. reported a 30.34% increase in net income for 2024, primarily driven by improved margins in its liquefied petroleum gas (LPG) products, with...
DigiPlus eyes partnership in Brazil
DIGIPLUS Interactive Corp. is exploring the possibility of teaming up with a local partner in Brazil to support the company’s expansion.
“We’re always exploring possibilities....
ACEN boosts investment in Belenos Energy
ACEN CORP., the Ayala group’s listed energy platform, is increasing its investment in subsidiary Belenos Energy Corp. by subscribing to P392 million worth of...
First Gen, Precision Crestec renew RE supply deal
INDUSTRIAL PRINTING company Precision Crestec, Inc. has renewed its partnership with Lopez-led First Gen Corp. to power its production facility in Pasig City.
Precision Crestec...
How PSEi member stocks performed — February 4, 2025
Here’s a quick glance at how PSEi stocks fared on Tuesday, February 4, 2025.
Senate OKs Meralco franchise bill on final reading
THE SENATE on Monday approved on third and final reading a proposed measure that will extend Manila Electric Co.’s (Meralco) franchise for another 25...