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Robinsons Land infusing P34 billion assets to RCR, expands tie-up with Meralco
Robinsons Land Corp. , the real estate firm of the Gokongwei family, plans to inject P33.92 billion worth of assets to its real estate investment trust unit RL Commercial REIT Inc.to diversify the latter’s portfolio......»»
Calata officers ordered to pay P8 million for market manipulation
Calata Corp., the delisted agribusiness firm of self-made businessman Joseph Calata, has been found guilty of market manipulation by the Regional Trial Court of Makati City, with its officers sentenced to pay fines totaling P8 million......»»
Alternergy secures P2 billion loan facility
Renewable energy firm Alternergy Holdings Corp. has secured P2 billion in green financing for the construction of its three renewable energy projects in the country......»»
Alternergy unit secures P8 billion for wind energy project
Renewable energy firm Alternergy Holdings Corp. borrowed P8 billion from two banks to finance the construction of a 112 megawatt wind power project in Rizal province......»»
SM Investments cited as strongest Philippines firm in corporate governance
Hong Kong-based magazine Alpha Southeast Asia has recognized SM Investments Corp. as the best company in the Philippines with the Strongest Adherence to Corporate Governance in its 14th Institutional Investor Corporate Awards......»»
Appeal to stop mining firm’s activities in Sibuyan junked
The Court of Appeals (CA) has dismissed a plea filed by residents of Romblon to stop the operation of a mining company on Sibuyan Island......»»
PCSO starts bidding for lotto betting app
The Philippine Charity Sweepstakes Office (PCSO) has cut short the one-year test run of the web-based lotto betting app platform set up by listed lotto technology firm Pacific Online Systems Corp. (POSC) and has launched a bidding for a five-year contract for lease provision of a web-based app for electronic lotto or “e-lotto” system......»»
DigiPlus social arm launches CSR program
BingoPlus Foundation, the social development arm of publicly listed digital entertainment firm Digiplus Interactive Corp., recently launched its corporate social responsibility initiative called Barangay Bigayan Program......»»
Globe, government to block importation of digital fraud services
Leading telecommunications firm Globe Telecom Inc. has initiated an effort to coordinate with law enforcement agencies to halt the importation of devices used for electronic and telecoms fraud......»»
Lagman: House pro-divorce vote valid
Absolute divorce bill principal author Rep. Edcel Lagman stood firm on the validity of the results of the voting of the bill Wednesday night, after former Senate president Tito Sotto claimed that a vote of 126 for House Bill 9349 is “lost.”.....»»
Roxas firm suspends trading pending new investor
Millennial businessman Leandro Leviste has shaken the local stock market with his plan to invest P5 billion in Roxas Holdings Inc., but the company suspended trading yesterday until the end of May to avoid speculation on the proposed bailout......»»
Lawmaker endorses renewal of Meralco legislative franchise
Another official of the House of Representatives has endorsed the renewal of the legislative franchise of the country’s largest power distribution firm, the Manila Electric Co. (Meralco), for another 25 years......»»
Alsons profit drops in Q1
Alsons Consolidated Resources (ACR) of the Alcantara Group reported a dip in first quarter earnings as the forced outage of one of its plants dented the firm’s operations and revenues......»»
Caritas Financial Plans faces possible liquidation
Pre-need firm Caritas Financial Plans Inc. (CFPI) may be liquidated over the next few months after the government placed it under receivership......»»
Sandigan upholds conviction of TLRC execs over ‘pork’ scam
The Sandiganbayan has affirmed the conviction of three officials of the abolished state firm Technology and Livelihood Resource Center for graft and malversation of public funds in connection with their alleged involvement in the pork barrel fund scam......»»
Marcos bullish on new era of shipbuilding in Philippines
President Marcos expressed optimism yesterday that the investments to be generated by the partnership of global firm Cerberus and shipbuilder Hyundai would enhance Subic’s position as a “hotspot” for economic activity as he expressed hope that it will contribute to the attainment of the dreams of Filipinos......»»
Acciona expands presence, social impact activities
Spanish conglomerate Acciona, a global leader in sustainable infrastructure and renewable energy, is expanding its presence in the Philippines through the acquisition of an 80 percent stake in Freya Renewables, a consulting firm for renewable development......»»
Cosco posts 2-digit jump in Q1 earnings
Robust revenues fueled a double-digit increase in the earnings of Lucio Co’s listed retail holding firm Cosco Capital Inc. in the first quarter......»»
Rama to contest suspension order in Supreme Court, readies legal fight
CEBU CITY, Philippines – Cebu City Mayor Michael Rama stays firm despite being ordered a preventive suspension by the Ombudsman. He now plans to ask for Supreme Court intervention, believing the decision might be politically motivated. Rama questions the fairness of the anti-graft office’s six-month suspension, stating he and seven other City Hall officials weren’t given.....»»
Montinola resigns as independent director of RCI
Retired banking executive Aurelio Montinola III has resigned as independent director of Roxas and Co. Inc. (RCI) after seven years following the purchase of shares in the company by a firm chaired by his wife......»»