Global shares lower in muted trading ahead of Thanksgiving

TOKYO—Global shares were mostly lower in muted trading last Monday ahead of the Thanksgiving holidays in the United States, as gloom carried over from...

Maynilad prepares for delay in Kaliwa Dam construction

MAYNILAD Water Services Inc. (MWSI) said it may put up a third water-treatment plant in Putatan, Muntinlupa, if it sees further delays in government’s...

Automobile firms post high sales in 10 months

COMBINED sales of car companies increased by 16 percent from January to October, according to the Chamber of Automotive Manufacturers of the Philippines Inc....

Oil companies cut prices at pumps

AFTER five consecutive weeks of oil-price hikes, four companies announced on Monday a reduction in their respective products that will take effect at 6 a.m. on...

Udenna expands property business via Clark purchase

THE Udenna Group is expanding its real-estate portfolio with the strategic acquisition of a 177-hectare prime property development within the Clark Freeport Zone. Clark Global...

Metro Pacific to float bonds, list hospital units to raise funds

SYDNEY, Australia—Metro Pacific Investments Corp. (MPIC), a conglomerate that is into most profitable businesses in the Philippines, said it will make its maiden bond...

PSE nets P707M in Jan-Sept on sale of Tektite office space

THE Philippine Stock Exchange Inc. (PSE), the operator of the country’s equities market, said its net income grew 46 percent (PSE) in the nine...

MetroPac Water targets ‘dozens’ of water districts

SYDNEY, Australia—Metropac Water Investments Corp., the water unit of conglomerate Metro Pacific Investments Corp. for operations outside Metro Manila, may take over or partner...

8990 ‘extremely happy’ with market response on preferred share offer

MASS-housing projects builder 8990 Holdings Inc. said it will list its maiden P5-billion preferred share offering at the Philippine Stock Exchange (PSE) on December...

Side businesses teeming in PHL–GoDaddy survey

SIDE businesses are teeming in the Philippines, a poll by GoDaddy Inc. said. In its 2017 Gig Economy Survey, GoDaddy revealed that most Filipinos who...

Japan leads Asian shares higher, oil prices steady

SEOUL, South Korea—Asian shares rose last Thursday, led by Japan, while oil prices were steady despite a second straight day of overnight losses on...

MPIC to spend P653-billion over next 5 years for big-ticket infrastructure projects

SYDNEY, Australia—Metro Pacific Investments Corp. (MPIC) plans to spend about P100 billion in capital expenditure (capex) next year as it further expands its operations,...

DoubleDragon income grew 83% in January-September

PROPERTY developer DoubleDragon Properties Corp. said its income grew 83 percent during the nine months of the year to P1.4 billion, from last year’s...

San Miguel subsidiary tells Psalm it already paid $4.8 billion

A unit of conglomerate San Miguel Corp. (SMC) has paid the government a total of $4.8 billion in various fees as of October this...

Chelsea Logistics’s profit quadrupled to P405.7 million

CHELSEA Logistics Holdings Corp. (CLC) pushed its earnings four times higher by the end of the third quarter, as its strategic investments continue to...

DMCI construction arm signed P3.5B worth of projects in Q3

CONSTRUCTION firm D.M. Consunji Inc., a unit of publicly-listed DMCI Holdings Inc., said on Wednesday that it has signed some P3.5 billion worth of energy, buildings...

Psalm slashes liabilities to near-half of P1 trillion

THE Power Sector Assets and Liabilities Management Corp. (Psalm) said it has reduced liabilities to P482.1 billion at end-September this year. Of the amount, outstanding...

EDC profit slightly down to P6.6B in nine months

LISTED firm Energy Development Corp. (EDC), the country’s largest geothermal and wind-energy company, said on Wednesday that its profit declined slightly in the first...

Global shares fall, tracking Wall Street, drop in oil prices

TOKYO—Shares fell in early European trading Wednesday after a bleak day in Asia, as sinking crude-oil prices weighed on oil producers and other energy...

Airbus to sell 430 planes to Indigo for $49.5 billion

DUBAI, United Arab Emirates—Airbus signed a $49.5-billion deal on Wednesday to sell 430 airplanes to the Phoenix-based private equity firm that owns Frontier Airlines,...