DICT says Smart, Globe achieve over 70% service restoration in typhoon-hit areas
THE Department of Information and Communications Technology (DICT) on Tuesday said Globe Telecom, Inc. and Smart Communications, Inc. both achieved an overall mobile service restoration of over 70% in areas hit by Typhoon Odette.
AREIT raises P3B from bond issuance
AREIT, Inc. raised P3 billion from its maiden bond issuance, which was also the initial tranche of its P15-billion debt securities program.
Bukidnon hydro project secures P2.4-B loan from PNB
MANGIMA Hydro Power Corp. (MHPC) on Tuesday said it had inked a P2.4-billion loan agreement with Philippine National Bank (PNB) for the construction of a 12-megawatt (MW) run-of-river hydroelectric power project in Manolo Fortich, Bukidnon.
Philex unit to spend P5B for mine project’s social, environmental programs
SILANGAN Mindanao Mining Co. Inc. (SMMCI) on Tuesday said it would spend over P5 billion for community development and environmental protection programs in Surigao del Norte where its copper-gold mine is located.
How PSEi member stocks performed — December 28, 2021
Here’s a quick glance at how PSEi stocks fared on Tuesday, December 28, 2021.
CTS Global plans P1.38-B initial public offering
CTS GLOBAL Equity Group, Inc. is planning a P1.375-billion initial public offering (IPO) by February next year, mainly to use proceeds for the growth of its trading operations.
Fruitas Holdings eyes P309-M IPO for Balai subsidiary
FRUITAS HOLDINGS, Inc.’s wholly owned subsidiary Balai ni Fruitas, Inc. is looking to tap the stock market with a P309-million initial public offering (IPO), subject to regulatory approvals and market conditions.
ERC clears commercial run of GNPower Dinginin’s first unit
THE Energy Regulatory Commission (ERC) has issued a certificate of compliance to GNPower Dinginin Ltd. Co., allowing the company to commercially operate the first unit of its power plant.
Meralco-managed streetlights along EDSA shifting to LED
MANILA ELECTRIC Co. (Meralco) on Monday said it is converting company-managed streetlights along EDSA into light-emitting diode (LED) lights as part of its commitment to make the highway greener and more people mobility-friendly.
Philex labor union votes to go on strike
PHILEX MINING Corp. said on Monday that its labor unit voted to go on strike, citing bargaining deadlock as the alleged ground.
NIA seeking to acquire New Clark City office space
THE National Irrigation Authority (NIA) is seeking to acquire a property at the New Clark City for its future office, the agency’s top official said on Monday.
How PSEi member stocks performed — December 27, 2021
Here’s a quick glance at how PSEi stocks fared on Monday, December 27, 2021.