Alternergy gets DoE’s approval for offshore wind contract
ALTERNERGY Holdings Corp. said on Wednesday that its unit secured a service contract from the Energy department for exclusive rights to explore, develop, and utilize wind resources in Calavite Passage, Occidental Mindoro.
How PSEi member stocks performed — August 3, 2022
Here’s a quick glance at how PSEi stocks fared on Wednesday, August 3, 2022.
Puregold profit hits P2B as new stores boost sales
PUREGOLD Price Club, Inc. reported a 4.1% increase in its net income to P2.05 billion from last year’s P1.97 billion after booking higher sales boosted by newly opened stores and eased mobility restrictions.
SMIC gets regulatory nod to acquire geothermal firm
SM INVESTMENTS Corp. (SMIC) has acquired full ownership of Philippine Geothermal Production Co., Inc. (PGPC), the operator of Tiwi and Mak-Ban steam fields, through a P15.76-billion share-swap deal with Allfirst Equity Holdings, Inc.
Globe seeks partnerships with more property developers for telco space
GLOBE TELECOM, Inc. said on Tuesday that it hopes to partner with more property developers to make sure that future housing projects have built-in broadband and dedicated spaces for telecommunications infrastructure.
Cityland plans P1.5-B debt papers
CITYLAND Development Corp. approved a plan to file P1.5-billion worth of commercial papers with the Securities and Exchange Commission to meet its funding requirements.
AboitizPower, Chevron ink fuel supply deal
CHEVRON Philippines Inc. has signed a deal with Aboitiz Power Corp. to supply diesel fuel to the latter’s nine power generation plants.
Toyota expands lineup of all-new Lite Ace
TOYOTA MOTOR Philippines Corp. (TMP) has expanded the available variants of its new light commercial vehicle offering, the Lite Ace, in a bid to support local businesses.
Chemical Industries’ net loss narrows to P2M
CHEMICAL Industries of the Philippines, Inc. registered a net loss of P2 million in the second quarter, seven times lower than the P14.71-million loss posted a year ago, on lower operating expenses.
How PSEi member stocks performed — August 2, 2022
Here’s a quick glance at how PSEi stocks fared on Tuesday, August 2, 2022.
Petron profit doubles to P7.7B on steady sales rise
PETRON Corp. reported a net income of P7.7 billion in the first semester, or about double the P3.87 billion earned in the same period last year, as the company maintained steady sales growth.
SMC power unit says losses hit P15B, seeks rate hike
SMC Global Power Holdings Corp. said on Monday that its two power plants had suffered combined losses of P15 billion, prompting the company to seek temporary relief from the energy regulator to allow it to continue supplying power.