Top Japanese contractor Taisei Corp. invests in PetroGreen Unit
Founded in 1873, Taisei Corp. is among Japan’s top 5 general contractors building ports and harbors, bridges and tunnels, power stations, industrial complexes and commercial buildings in over 65 countries. In fiscal year 2022, Taisei Group recorded total net sales of $12.3 billion. .....»»
NGCP issues yellow, red alerts for Visayas grid; Luzon, Mindanao grids in yellow alert
The National Grid Corporation of the Philippines hoisted red and yellow alert statuses over Visayas power grids while the Luzon and Mindanao grids were placed under a yellow alert status on Wednesday......»»
SM Prime marks 30th anniversary with record-breaking income, P100 billion investment for 2024
SM Prime Holdings Inc. (SMPH), the leading integrated property developer in the Philippines, marks its 30th anniversary as a publicly listed company with the announcement of its highest-ever recorded income and a P100 billion investment......»»
British Chamber hosts annual general meeting
The British Chamber of Commerce Philippines hosted its annual general meeting at the British ambassador’s residence on April 22, 2024......»»
Investors pour over $700 million into Philippine digital banks
Global and local investors have poured over $700 million (around P40 billion) into the country’s digital banking sector to support the industry’s growth and potential to reshape the online financial landscape......»»
Acciona rolls out Smart Control Center
Spain-based infrastructure conglomerate Acciona has unveiled its pioneering Smart Control Center in line with this year’s observance of World Day for Health and Safety at Work last April 18 at The Tent in Enderun Colleges......»»
RLC, PRA partner to raise bar for retirement living
Robinsons Land Corp. has joined forces with the Philippine Retirement Authority to elevate retirement living in the country......»»
OceanaGold faces legal battle ahead of IPO
Just a few weeks before its scheduled initial public offering , OceanaGold Philippines Inc. is facing a legal case seeking to cancel its mining contract for allegedly being renewed illegally......»»
ABS-CBN shows back on Channel 2
The Lopezes have found another platform where they can air ABS-CBN shows, signing a content partnership agreement with the network that took over their frequencies......»»
SM Prime defers $1 billion IPO of REIT unit
There will be no initial public offering happening this year for the real estate investment trust of Sy-led integrated property developer SM Prime Holdings Inc......»»
Washington summit to bring more FDIs into Philippines
Several multinationals are pouring in new investments or expanding their operations in the Philippines as a result of President Marcos’ successful and historic trilateral summit in Washington recently, House Speaker Martin Romualdez said......»»
Government infrastructure spending scaled up to P121 billion
The government increased its infrastructure spending by nearly seven percent to P121 billion from January to February compared to last year’s level on the back of higher disbursements for road projects, the Department of Budget and Management said......»»
Password security
May 1 apparently is no longer just Labor Day, it has also been designated as World Password Day......»»
Fewer ads take toll on GMA’s profitability
Broadcast giant GMA Network Inc. booked fewer advertising placements in the first quarter, causing its revenue to fall and consequently squeezing its profit......»»
BPI bullish this year amid continued loan growth
After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher loans from consumers......»»
SMC eyes P20 billion fixed bond offer
Diversified conglomerate San Miguel Corp. targets to offer in June fixed-rate bonds in a bid to raise P20 billion......»»
Easing Middle East tensions push market higher
The stock market advanced for a second consecutive session yesterday as it received much-needed boost from gains in the US market as well as easing tensions in the Middle East......»»
Energy policy failure
The Department of Energy has revealed that the total capacity of power plants in forced outages has more than doubled over the past two weeks compared to the average 700 MW recorded over the last four years. Of course. What would they expect after officials of the DOE, past and present, did nothing about the inconvenient reality that 50 percent of our operating power plants are over 20 years old and are losing their reliability......»»
SEC asks Google, Apple: Remove Binance from app marketplaces
In SEC’s press release on Tuesday, it said that it sent separate letters to Google and Apple asking them to remove the applications controlled by Binance in their respective application marketplaces in the Philippines......»»
Meralco, DOE urge firms to join ILP to ensure power supply sufficiency
The Manila Electric Company (Meralco) and the Department of Energy (DOE) called on companies to participate in the government's Interruptible Load Program (ILP) to help maintain adequate power supply during the warm and dry season......»»