PNOC warns vs PNOC move to amend lease agreement

PETRON Corp., the country’s largest oil refiner, warned government that prospective investors may lose interest in the Philippines if contracts entered into with the government...

8990 selling preferred shares to pay off debts

LISTED firm 8990 Holdings Inc. hopes to raise some P5 billion by selling perpetual preferred shares to the Philippine Stock Exchange. The mass-housing builder...

Strong domestic sales drive growth in Splash revenues

SPLASH Corp. continued to strongly grow its revenues from Philippine operations with domestic sales of its personal-care products increasing by 7 percent, and sales...

FLI, Engie to spend P1.5 billion for IT park cooling system

A joint venture between Filinvest Land Inc. (FLI) and the local arm of French firm Engie Services Inc. said it will spend some P1.5...

All-Filipino I.T. security provider Pandora to expand in Singapore

PRIVATELY held Pandora Security Labs Inc. is expanding to Singapore, targeting revenues of $1 million in its first year of operations there, CEO Isaac...

Ang asserts SPPC paid obligations to PSALM

It has, in fact, paid P238 billion as of August this year, according to Ang. “It is not true that we are not paying. Please stop...

Toys R Us joins bankruptcy list as Amazon uses influence

NEW YORK—In filing for bankruptcy, Toys R Us joins a list of dozens of store chains that have done so already this year as...

MRC Allied to buy six more renewable-energy developers

MRC Allied Inc. is eyeing to acquire a significant stake in six more renewable-energy (RE) developers soon, following the successful acquisition of a 15-percent...

Solar PHL keen on bagging supply deal with Meralco

SOLAR Philippines Inc. is confident its offer to supply up to 85-megawatt (MW) of power to Manila Electric Co. (Meralco) at P2.99 per kilowatt-hour...

Max’s Restaurant brand to be exported to Canada

MAX’S Group Inc. announced on Wednesday a partnership with Alibin Group Inc. to establish a flagship Max’s Restaurant in Winnipeg, Manitoba, Canada. The first store is...

Tan’s Resorts World Manila rushing to finish expansion

ANDREW Tan-led Travellers International Hotel Group Inc., the operator of Resorts World Manila (RWM), is rushing to open the third phase of expansion of...

PNOC sees ‘stumbling block’ in renewing deal with Petron

THE Philippine National Oil Co. (PNOC) wants Petron Corp. to nullify certain provisions of existing lease agreements that will expire next year before they...

LTO supplier eyes more government deals

THE German supplier of the new drivers’ license cards in the Philippines is scouting for more government deals. Dermalog Identification Systems GmbH CEO Gunther Mull...

Petitions on Meralco hearings denied by ERC

THE Energy Regulatory Commission (ERC) has denied the petitions of some individuals who want to intervene in the ongoing hearings regarding the Manila Electric...

Dalamhati Chapel and Columbarium inaugurated at Eternal Gardens Baesa

THE Dalamhati Chapel and Columbarium at Eternal Gardens Baesa in Caloocan City had its blessing and inauguration on September 18. Attended by Eternal Gardens Baesa’s...

Buys rally PSEi to hit another historic high

THE benchmark Philippine Stock Exchange index (PSEi) gained 113.29 points to close at 8,294.14 points. Marita Limlingan, president of Regina Capital and Development Corp., said...

PSALM: Contract with Phinma terminated based on terms

THE Power Sector Assets and Liabilities Management (Psalm) Corp. on Monday said a decision to terminate the independent power producer administrators (IPPA) administration agreement...

Megawide income seen to grow 14% this year

MEGAWIDE Construction Corp. said its net income may grow between 12 percent and 14 percent for the year. However, revenues may only reach to...

Max’s Group bringing steak brand to UAE

MAX’S Group Inc. on Monday said it is bringing its “Sizzlin’ Steak” brand in the United Arab Emirates (UAE) after it has partnered with...

Cebu Air subsidiary Cebgo to add new domestic routes

CEBU Air Inc. said the low-cost airline it operates is poised to add a new route to its extensive domestic portfolio, this time directly...