Digital infrastructure seen to benefit from full foreign entry
FITCH SOLUTIONS said the removal of foreign ownership cap in public services could increase foreign investment appetite in the Philippines, particularly in the telecoms and technology sectors.
SPNEC readies land for solar capacity beyond 500 MW
SOLAR PHILIPPINES Nueva Ecija Corp. (SPNEC) on Wednesday said it is preparing a 1,000-hectare land as it gears up for a joint venture with an unnamed company to expand the capacity of its solar farm beyond 500 megawatts (MW).
EEI completes follow-on offering, raises P6 billion
EEI CORP. raised P6 billion from its follow-on offering as listed construction firm exercised its oversubscription option following strong demand from investors.
How PSEi member stocks performed — December 22, 2021
Here’s a quick glance at how PSEi stocks fared on Wednesday, December 22, 2021.
Philex says $224-M mine ready by 2024-25
Philex Mining Corp. announced its plan for a $224-million Silangan copper and gold project in Surigao del Norte with an estimated 571 tons worth...
FLI’s P10-B bonds four-times oversubscribed
Filinvest Land, Inc. (FLI) listed the second tranche of its P30-billion shelf-registered bonds in a fundraising that was more than four times oversubscribed from...
AC Energy, unit subscribe to shares of solar project developer
AC Energy Corp. and its subsidiary ACE Endevor, Inc. have entered into an P8.25-million agreement to acquire 60% of the common shares of a...
IMI installs first EV charging, transport system for Ayala
Integrated Micro-Electronics, Inc. (IMI) installed an electric vehicle (EV) charging and transportation system for its listed parent firm, Ayala Corp.
In a disclosure to the...
Converge gets top rating for maiden bond offering
Converge ICT Solutions, Inc. announced on Tuesday that the Philippine Rating Services Corp. (PhilRatings) had assigned it a PRS Aaa rating with a stable...
SPNEC to use IPO funds for land bank, capex
The board of directors of Leviste-led Solar Philippines Nueva Ecija Corp. (SPNEC) has approved the use of its initial public offering (IPO) proceeds for...
BAVI pledges financial support to Odette victims
Chicken rotisserie company Bounty Agro Ventures, Inc. (BAVI) said it would provide financial assistance to employees affected by Typhoon Odette (international name: Rai).
“The BAVI...
Shopee, Colgate-Palmolive team up to grow digital commerce business
Shopee and multinational consumer products company Colgate-Palmolive Co. on Monday said they recently signed a memorandum of understanding to jointly drive e-commerce penetration of...