San Miguel Aerocity franchise is overdue for renewal

San Miguel, the franchise-holding firm of the Bulacan International Airport, was issued the franchise to run the airport following the lapsing of the legislation last month.

Singapore firm to become big stakeholder of Ayala energy company.

Investment ARRAN Pte. Ltd., a Singapore-based GIC Pte member. Ltd. is expected to buy a 17.5 per cent equity interest in AC Energy Philippines, Inc. for P20 billion, said...

Injection of money and strengthened consumer confidence raises AC Energy stock

AYALA-LED AC Energy Philippines, Inc. finished the year favorably amidst sustained investor sentiments and after the company's injection of cash into its subsidiary to purchase future project sites.

PSE aims to implement short-selling schemes, and stock indexes.

The PHILIPPINE Stock Exchange (PSE) aims to launch new items in 2021 as part of its initiative to build an end-to-end digital experience for stakeholders. In...

Fruitas opens 30th community store, hits yearend target

Fruitas opens a 30th neighbourhood shop, meeting its target for the yearend. Fruitas Holdings, Inc. unveiled its 30th community shop on Mayon Lane, Quezon City under...

Phoenix Petroleum finishes year with P4.25-billion refinancing program

DENNIS A. UY-LED Phoenix Petroleum Philippines, Inc. ended the year with a P4.25 billion refinancing scheme, which included the short-term commercial paper (STCP) settlement of P3 billion and the...

PSE suspends Meralco’s trading in the midst of the pending acquisition

On Monday, THE LOCAL stock exchange halted the trade of Manila Electric Co. (Meralco) shares, which previously declared the intention of its Meralco PowerGen Corp. (MGen) subsidiary to purchase...

Court denies JG Summit in tax cases.

The Tax Court of Appeals (CTA) released a verdict rejecting a request to amend a claim brought by JG Summit Holdings, Inc., about the decision not to settle its...

Ayala energy unit spends P350M to acquire lots for Don Pedro site

The AYALA-led AC Energy Philippines, Inc. has subscribed to the share of Buendia Christiana Holdings Corp worth P350 million, which BCHC will use to acquire possible land and housing...

Aboitiz InfraCapital and Globe Telecom in partnership to offer free wifi services for VisMin...

Aboitiz InfraCapital has partnered with Globe Telecom, Inc to offer free community WiFi in Visayas and Mindanao. In an emailed statement, Aboitiz...