Tag: Angelica Y. Yang

SAN MIGUEL Corp. (SMC) has infused P147.81 million more in its infrastructure unit to fund the 23-kilometer Metro Rail Transit Line 7 (MRT-7) project, the firm told the local bourse on Friday.

MOBILE NETWORK operator Globe Telecom, Inc. has successfully transferred on Monday the bulk of its technology infrastructure to cloud service provider Amazon Web Systems, Inc. (AWS), in a bid to accelerate the former’s digital transformation and improve customer experience.

MORE skill training centers have been allowed in areas under a general lockdown to address unemployment amid a coronavirus pandemic, according to the Trade department.

AC Energy Philippines, Inc. said on Friday that it had received confirmation from the securities regulator that the Ayala Corp. unit’s proposed stock rights offering is exempt from the registration requirement of the securities code.

The Securities and Exchange Commission (SEC) approved Friday a plan by the National Home Mortgage Finance Corp. (NHMFC) to securitize more than 1,200 residential...

Philippine fuel consumption is expected to decline 18% in 2020, due to restrictions on transportation ordeed during the lockdown, the US Department of Agriculture’s...

The Philippines could sustain up to P372 billion in economic losses under a worst-case scenario of proceeding with all nine gigawatts of pending coal-fired...

SHARE prices closed higher Friday with investors upbeat after a series of developments on the vaccine front, which hold out the prospect of normalizing...

ALSONS Consolidated Resources, Inc. will issue P3 billion in short-term commercial papers, it said on Thursday.

THE COUNTRY’S corporate regulator has approved the P30-million increase in the authorized capital stock of outsourcing services company Infopro Business Solutions, Inc. (IBSI), data from the local bourse showed.

THE truck ban hours in Metro Manila will again be in effect starting Monday, December 14, the Metropolitan Manila Development Authority (MMDA) announced Thursday.

HOUSEHOLDS in Metro Manila can expect to see a P7 reduction in their power bills this month, after Manila Electric Company (Meralco) on Wednesday announced a cut in overall rates due to lower demand in the Luzon grid.

SOLAR PHILIPPINES plans to build over 1 gigawatt (GW) of projects in Batangas, Cavite, Nueva Ecija and Tarlac next year, in a bid to boost the country’s installed solar capacity, the company said on Wednesday.

Dennis A. Uy-led Phoenix Petroleum Philippines, Inc. approved on Wednesday the settlement of P3 billion in outstanding commercial papers issued last year, the firm told the local bourse.

THE plastics recycling industry, specifically the small- and medium-sized firms that engage in such activities, has been offered few incentives, causing the Philippines to lag other countries in the percentage of high-value plastics it recycles, an expert said Wednesday.

THE chairman of the Senate energy committee said the chamber’s funding support for developing a nuclear energy program, worth nearly P192 million since 2018, may be taken as “tacit” approval for government initiatives studying the use of the energy source.

ADDRESSING climate change and protecting the environment will reduce the risk of disease outbreaks, with a government official saying that disrupted climates pose an open-ended threat with a range of impacts on public health greater than the threat posed by COVID-19 (coronavirus disease 2019).

THE SECURITIES and Exchange Commission (SEC) has tightened the rules covering investment companies and fund managers, in order to align with global best practices and to better protect shareholders.

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) wants the Olongapo City local government to pay within seven calendar days at least P6.71 billion in electricity bills and other charges incurred over the past 12 years.

LBC Express Holdings, Inc. is planning to sell 69.1 million shares at a maximum price of P25 apiece in its follow-on offering, the Securities and Exchange Commission (SEC) said in a notice on Sunday.

NUCLEAR INDUSTRY regulation must be entrusted to a single agency if the Philippines is to be in line with international best practices, the head of the Philippine Nuclear Research Institute (PNRI) said Monday.

THE SECURITIES and Exchange Commission (SEC) is drafting new rules that aim to increase the transparency of beneficial ownership of corporations, in a bid to prevent them from being used as vehicles for money laundering and terrorist financing.

JOE R. Zaldarriaga, spokesperson and head of corporate communications at Manila Electric Co. (Meralco), has been promoted to the rank of vice president (VP), the company said.

THE SECURITIES and Exchange Commission (SEC) Philippines recently warned the public against participating in investment schemes of Extremebot Corp. and Greenlift Wellness Products Trading (Greenlift) as these entities do not have a license to sell securities.

MORE THAN 12,000 rural sitios still do not have access to electricity, with further funding required to meet the government’s 100% electrification target, the National Electrification Administration (NEA) said Saturday.

THE Transportation department and the Department of National Defense (DND) on Friday inked a usufruct agreement covering five properties of the latter, which will...

THE NUCLEAR Energy Program Inter-agency Committee (NEP-IAC) will be submitting its recommendations to President Rodrigo R. Duterte by Dec. 15. The development comes about five...

A consortium, which includes Manila Water Company, has been awarded the contract to operate water and wastewater facilities in two provinces in Saudi Arabia. In...

Power Sector Assets and Liabilities Management Corporation (PSALM) on Friday said it sold real estate assets in Bohol and Cagayan provinces to two power...

STOCKS ended lower on Friday as market players reacted to the higher-than-expected inflation print logged last month. The benchmark Philippine Stock Exchange index (PSEi) fell...

THE RESOURCE RECOVERY arm of Republic Cement Services, Inc., ecoloop, plans to co-process a minimum of 10 million plastic sachets or bags per day by next year as part of its efforts to alleviate the country’s waste problem, officials said on Thursday.

San Miguel Corp. (SMC) is making an equity investment of P3 billion in Petrogen Insurance Corp., a wholly-owned insurance company of Petron Corp., it said in a disclosure to the Philippine Stock Exchange (PSE).

THE GOVERNMENT has charged nine Boracay establishments with illegally occupying protected forest land on the island, the Environment department said.

REMOTE power grids and those on small islands can be run more cost-effectively on renewable sources like solar and wind, compared with diesel generators, according to the Institute for Energy Economics and Financial Analysis (IEEFA), a US non-profit.

THE Philippine Competition Commission (PCC) has approved the joint venture (JV) between Ayala-led AC Energy Philippines, Inc. (ACEPH) and the Philippine energy unit of Japan-based Marubeni Corp. that is looking to build a diesel-fired plant in Rizal.

MANGROVES are more beneficial to fishing communities than fish farming, which employs few workers, a marine scientist said at an online forum organized by Oceana Philippines.

PAMPANGA II Electric Cooperative, Inc. (PELCO II) has awarded a 15-year power supply agreement to Vivant Energy Corp. and Gigawatt Power Inc. to supply 15 megawatts (MW) of the electric utility’s peaking requirements.

THE HOUSE of Representatives and the Senate on Tuesday assured the 2020 national budget will not be reenacted as both chambers target ratification of the P4.5-trillion spending plan for 2021 by next week.

POWER generating capacity from coal-fired plants is expected to rise 135% after all plants currently being built become operational, after a moratorium on new builds was declared last month, Clean Air Asia (CAA) said in a report.

THE ABOITIZ GROUP’S contribution to the country’s coronavirus disease 2019 (COVID-19) response has reached over P2.2 billion, with the company being among the firms that first offered support to the government at the beginning of the pandemic.

ENVIRONMENTAL PRESERVATION jobs have been included in the Department of Labor and Employment’s career information system targeted for launch online early next year, a Labor official said Saturday.

AC Energy and Infrastructure Corp. has raised $300 million from its green bond issuance, its parent firm Ayala Corp. said in a regulatory filing...

Local shares tumbled on Friday and closed below the 6,800-mark, as the market continued to correct a week after the central bank announced a...

Pilipinas Shell Petroleum Corp. said Friday that it opened an import facility in Subic to expand its ability to supply fuel to northern Luzon. "The...

The Philippines was cited as a regional leader in sustainable finance thanks to the combined efforts of the government, banks, and businesses, according to...