MANILA Mining Corp. said it is eyeing a stock rights offering amounting to P519.2 million to fund its exploration program, administrative costs, and settle trade payables and accruals.

AS the proposed measure mandating the registration of subscriber identity module or SIM cards was vetoed, financial institutions may have to invest more to prevent rising fraud risks for consumers, analysts said.

METRO Pacific Investments Corp. (MPIC) expects that the opening of the Cebu-Cordova Link Expressway (CCLEX) will gradually boost the earnings of its toll roads business starting this year, its chairman said.

TOYOTA Motor Philippines Corp. (TMP) has issued a recall or special service campaign on 132 officially sold Lexus NX and RAV4 hybrid electric vehicle (HEV) units due to an issue with their stability control system.

MEGAWORLD Corp. said it plans to increase the capital expenditure (capex) budget for its Bacolod townships to P45 billion, particularly for its The Upper East development.

THE Securities and Exchange Commission (SEC) issued an order of revocation to Wealth on Web Company, or WOW Company, for its Ponzi-like investment scheme and for operating without a license or registration.

SEMIRARA Mining and Power Corp. (SMPC) has earmarked P4.6 billion to refleet its mine equipment, cornering more than half of its capital expenditure budget this year, its top official said on Monday.

AYALALAND Logistics Holdings Corp. reported a 19% increase in net income to P197 million in the first quarter of 2022, a year when it aims to boost its business performance.

METRO Pacific Tollways Corp.’s (MPTC) unit MPT South Corp. announced on Monday the appointment of Raul L. Ignacio, the former chief operating officer of NLEX Corp., as its new president and general manager.

COL FINANCIAL Group, Inc. reported on Monday that its net income surged by 38% to P582 million in 2021, driven by a jump in commission revenues.

Here’s a quick glance at how PSEi stocks fared on Monday, May 2, 2022.

SPACE Exploration Technologies Corp. (SpaceX) led by billionaire Elon Musk is eyeing to launch the first gateway for its satellites in the Philippines before the term of President Rodrigo R. Duterte ends in June, according to the Department of Trade and Industry (DTI).