Business
Manila Water unit to acquire EHI shares
Manila Water Philippine Ventures (MWPV) has signed a share purchase agreement (SPA) with EquiParco Holdings Corp. (EPHC), Metropac Water Investments Corp. (MWIC), and TwinPeak Hydro Resources Corp. (THRC) for the sale and purchase of 70 percent shares in Equipacific HoldCo Inc. (EHI).
Harnessing Filipino talent for global businesses
Asia, especially the Philippines, has been emerging as a global destination for talent. With its growing pool of skilled professionals and favorable business environment, it has gained popularity with several global companies.
Stock market today (April 19, 2024): Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
Recto asks funders to intensify aid to PHL
APART from recovering from economic scarring of the Covid-19 pandemic, geopolitical tensions and climate change add up to the struggles faced by developing nations that lack assistance from international financial institutions.
Banks not funding RE enough–group
THE Philippine government’s decision to impose a moratorium on greenfield coal plants may have cut financing for coal projects but it was not enough to raise funding for renewables, according to the Center for Energy, Ecology, and Development (CEED).
Former SBMA chairman Eisma named Pagcor prex, chief operating officer
OLONGAPO CITY—Former Subic Bay Metropolitan Authority (SBMA) Chairman and Administrator Wilma T. Eisma has formally taken over as president and chief operating officer of the state-owned Philippine Amusement and Gaming Corp. (Pagcor) on April 18, a statement by the SBMA read.
NEA’s loans to electric co-ops hit ₱263.78M
LOANS extended by the National Electrification Administration (NEA) to electric co-operatives (ECs) reached P263.78 million at end-March this year.
SCABS as a leadership tool
ONE key benefit of attending webinars, which I do as part of my work as volunteer CEO of the Philippine Council of Associations and Association Executives (PCAAE), is that you always learn something new.
Program focuses on technical skills of startups
The partnership between Silicon Valley-based venture capital firm Plug and Play and the Department of Trade and Industry (DTI) wants to onboard 40 startups per year onto an acceleration program that aims to help them build technical skills.
Exec: PLDT will accelerate expansion of fiber network
PLDT Inc.’s home broadband subsidiary aims to sustain its leadership in the market this year, after accounting for more than half of the industry’s total revenues in 2023.
‘GCash trading platform attracts 500K investors’
G-Xchange Inc., the owner of GCash, said the user base of its online trading platform GStocks has reached half a million.
Solaire North is top priority of Bloomberry, says Razon
Bloomberry Resorts Corp. said Thursday it will focus on ramping up the operations of its Solaire North Resort in Quezon City before pursuing other projects.
Minimum broker commission scrapped
The Securities and Exchange Commission (SEC) has removed the minimum amount of commission that stockbrokers may charge their customers in a bid to spur activity in the local stock market.
Jollibee, DTI to conduct training for MSMEs
The Department of Trade and Industry (DTI) said it signed an agreement with Jollibee Foods Corp. (JFC) and Jollibee Group Foundation (JGF) for a training program for micro, small and medium enterprises (MSMEs) and entrepreneurs.
PGEC inks PV supply deal with Trina Solar
PetroGreen Energy Corp. (PGEC), a subsidiary of publicly listed PetroEnergy Resources Corp., will source PV solar modules from Trina Solar, a global leader in smart PV (photovoltaic) modules and energy storage solutions.
Medco Holdings, Inc. issues Notice of Annual Meeting of Stockholders
Fuel subsidy for agri sector pushed amid high oil prices
IN light of the persistent surge in petroleum prices, a lawmaker has urged the Department of Agriculture (DA) to facilitate the registration of farmers and fishermen in the Registry System for the Basic Sectors in Agriculture (RSBSA) to enable them to benefit from the agency’s fuel subsidy program.
Stock market today: Asian shares gain despite Wall Street’s tech-led retreat
Filreit wants share prices to rise before acquiring assets
Filinvest REIT Corp. (Filreit), the real estate investment trust (REIT) of the Gotianun Group, said it is waiting for the equities market to recover and for its stock price to improve before acquiring more assets via share swap.
Terra Solar boosts SPNEC 2023 income
SP New Energy Corp. (SPNEC), the listed renewable energy company now chaired by Manuel V. Pangilinan, reported a net income of P5.7 billion last year.
SEC makes permanent cease order against MFT
The Securities and Exchange Commission (SEC) made permanent the cease-and-desist order (CDO) it issued against Maria Francesca Tan (MFT) Group of Companies Inc. and Foundry Ventures I Inc.
CCC, Ayala aim to bolster climate resilience of PHL
The Climate Change Commission (CCC) and the Ayala Group are accelerating initiatives aimed at boosting the country’s climate-resilience and adaptation.
Smart blocks more than 13 million smishing attacks in January-March
Smart Communications Inc. said on Wednesday it intercepted and blocked more than 13 million smishing attacks in the first quarter of 2024, blacklisting nearly 200,000 mobile numbers engaged in phishing activities.
PHL gains World Bank’s help in digitalization bid
THE World Bank (WB) expressed its support for the Philippine government’s digitalization program to enhance tax administration, assist in the energy and agriculture sectors and facilitate investments in human capital.