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Today’s front page, Thursday, September 28, 2023

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Posts by author

VG Cabuag

4667 posts
A journalism graduate and has covered the Philippine business beat for more than a decade.

SEC, GCash operator ink deal against online fraud

  • VG Cabuag
  • September 29, 2023

THE Security and Exchange Commission (SEC) and GCash operator G-Xchange Inc. entered into an agreement last Thursday to use their respective resources to go after perpetrators involved in online fraud, e-scams and other cybercrimes.

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  • 2 min

Fernando Zobel de Ayala returns to board of AC

  • VG Cabuag
  • September 29, 2023

Fernando Zobel de Ayala has been elected as a member of the board of director of Ayala Corp. (AC) in his return to the conglomerate following his medical leave last year.

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DMCI: Rehab of Berong mine inches closer to completion

  • VG Cabuag
  • September 29, 2023

Berong Nickel Corp., a unit of publicly listed DMCI Holdings Inc., on Thursday said it  is inching closer towards the completion of the rehabilitation of the Berong mine in Palawan.

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Lucio Tan named PNB chairman emeritus

  • VG Cabuag
  • September 28, 2023

LUCIO Tan has been appointed as chairman emeritus of Philippine National Bank (PNB), while his wife and bank’s board director Carmen K. Tan will join the lender’s advisory board.

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  • 2 min

2Go prepares for pent-up demand in holiday season

  • VG Cabuag
  • September 28, 2023

2Go Group Inc., the logistics arm of conglomerate SM Investments Corp., on Wednesday said it has prepared major hubs outside Metro Manila to meet the rising holiday season demand for cargo and delivery movements.

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  • 2 min

SEC to use ownership data vs corruption, tax evasion

  • VG Cabuag
  • September 28, 2023

THE Securities and Exchange Commission (SEC) announced last Wednesday that it has partnered with the United Nations Office on Drugs and Crime and Open Ownership (UNODC) to harness the potential of using beneficial ownership data in curbing corruption in the government procurement process.

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  • 2 min

Holcim to delist from PSE in November

  • VG Cabuag
  • September 27, 2023

Cement maker Holcim Philippines Inc. said it is ready to delist from the Philippine Stock Exchange (PSE) after it has complied with all the rules and conducted a tender offer to siphon off the remaining shares of minority holders.

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  • 2 min

SEC backs proposal to cut taxes on stock transactions

  • VG Cabuag
  • September 27, 2023

The Securities and Exchange Commission (SEC) has thrown its support behind a proposal that seeks to lower taxes on stock transactions to attract more investors into the market.

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  • 2 min

‘DMCI Mining to surpass ’22nickel ore output, shipments’

  • VG Cabuag
  • September 26, 2023

DMCI Mining Corp. said it is on track to surpass its 2022 nickel ore production and shipments after recording improvements in the first semester. 

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  • 2 min

SEC warns public against 2 firms

  • VG Cabuag
  • September 26, 2023

The Securities and Exchange Commission (SEC) has advised the public not to deal with two firms offering investment schemes to the public that are posing as an online job platform and a retail outlet.

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Miners urge govt to streamline permits

  • VG Cabuag
  • September 25, 2023

The mining sector is asking the government to set up a one-stop shop for permits to hasten the development of mineral resources in the country.

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  • 2 min

DMCI: Batangas property’s reservation sales hit P5.6B

  • VG Cabuag
  • September 22, 2023

DMCI Homes Inc. on Thursday said reservation sales for Solmera Coast in San Juan, Batangas, the company’s maiden venture into the leisure property market, have reached more than P5.6 billion in just over a month since its launch on August 7.

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  • 2 min

IMCC to complete desalination plant in December

  • VG Cabuag
  • September 22, 2023

Isla Mactan-Cordova Corp. (IMCC), a unit of publicly-listed Vivant Corp., said it will complete its P2-billion utility-scale seawater desalination project in Cordova, Mactan in Cebu by the end of the year.

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  • 2 min

MPIC, AboitizPower to exit PSE index

  • VG Cabuag
  • September 22, 2023

The Philippine Stock Exchange Inc. (PSE) will remove conglomerate Metro Pacific Investments Corp. (MPIC) and Aboitiz Power Corp. from the benchmark index—the PSEi—as both firms fell below the minimum public float requirement of 20 percent.

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AEV lists p17.45B retail bonds at PDEX

  • VG Cabuag
  • September 22, 2023

CONGLOMERATE Aboitiz Equity Ventures (AEV) Inc. has listed last Thursday its P17.45 billion fixed-rate retail bonds at the Philippine Dealing and Exchange Corp. (PDEX).

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  • 2 min

Megaworld: Sales of Bacolod condo to hit P5B

  • VG Cabuag
  • September 21, 2023

Property developer Megaworld Corp. on Wednesday said it expects to generate some P5 billion in sales from its fifth residential condominium development inside its 34-hectare Upper East township in Bacolod City.

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  • 2 min

MPIC completes tender offer

  • VG Cabuag
  • September 21, 2023

The consortium taking conglomerate Metro Pacific Investments Corp. (MPIC) private said it had bought more than 97 percent of the company’s total issued and outstanding shares, enough for its delisting from the Philippine Stock Exchange (PSE).

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  • 2 min

GHI hikes capital stock in unit

  • VG Cabuag
  • September 20, 2023

The board of Greenergy Holdings Inc. (GHI) has approved the increase in its investments in wholly-owned unit Winsun Green Ventures Inc., which it created to handle its renewable energy (RE) ventures.

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