ACEN Corp. reported a consolidated net income of P1.78 billion in the second quarter, 25.4% higher than the P1.42 billion earned in the same period last year, boosted by fresh contributions of new Philippine and international power plants and strong wholesale electricity prices during the quarter.

PROPERTY developer Federal Land, Inc. and Japan’s Nomura Real Estate Development Co., Ltd. (NRE) have partnered to form a joint venture that integrates the two firm’s expertise.

LOW-COST carrier Philippines AirAsia, Inc. (AirAsia Philippines) said on Tuesday that it plans to expand its domestic network to three to five more destinations by the second quarter of 2023.

PACKAGING firm Tetra Pak sees potential growth for its Philippine business in sari-sari or small family-owned stores as part of efforts to boost its footprint in the country.

THE Office of the City Prosecutor of Makati has dismissed falsification of public documents, use of falsified documents, and other deceit charges against Japanese billionaire Kazuo Okada filed by Tiger Resort Leisure and Entertainment, Inc. (TRLEI) board member Hajime Tokuda.

CONSUMER goods maker Monde Nissin Corp. and other companies in the group have signed up for nearly 16 megawatts (MW) of renewable energy from Energy Development Corp. (EDC).

SOLAR Philippines Nueva Ecija Corp. (SPNEC) announced on Tuesday that its board of directors approved to change its corporate name to SP New Energy Corp. subject to stockholder and regulatory approval.

KIA Philippines opened its 42nd dealership in the Philippines as part of expansion efforts and to bring the company’s products closer to customers.

SHOPEE Philippines vowed to remove products that have been flagged by the government for containing high levels of mercury to make shopping safer for customers.

Here’s a quick glance at how PSEi stocks fared on Tuesday, August 9, 2022.

DITO Telecommunity Corp. announced on Monday that it filed complaints with the Philippine Competition Commission (PCC) against PLDT, Inc.’s Smart Communication, Inc. and Globe Telecom, Inc. for “failing to provide sufficient interconnection capacity” to allow phone calls from its subscribers.

ACEN Corp. announced on Monday that it has adopted a new corporate vision and strategy that targets 20 gigawatts (GW) of attributable renewables capacity by 2030.