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.
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.
Eternal Chapels opens new branch in Cagayan de Oro City
Eternal Chapels and Mortuary Services unveiled their second branch in Cagayan de Oro City, marking the sixth Eternal Chapels branch in the Philippines. The blessing and inauguration ceremony took place on the site located at #86 Toribio Chavez St., Cagayan de Oro City, more popularly known as Divisioria, on Saturday, April 6, 2024.
ACEN secures green term loan facility from SMBC
ACEN Corp.’s subsidiary, ACEN Renewables International (ACRI), signed a $150-million green term loan facility with the Singapore branch of Sumitomo Mitsui Banking Corp. (SMBC) to finance the power firm’s renewable energy (RE) projects across the region.
Eastern Communications hikes capex
Eastern Communications has announced that it is increasing its capital expenditures (capex) to P1.15 billion this year from P1.03 billion the year prior to further expand and strengthen its network.
PERC profit climbs on clean energy
PetroEnergy Resources Corp. (PERC) of the Yuchengco Group saw its net income rise to P944 million last year on the back of the strong electricity sales of its renewable energy (RE) projects.
Residential sales lift 2023 net income of Vista Land
Villar-led property developer Vista Land and Lifescapes Inc. said it posted a net income of P10.29 billion last year, 39 percent higher than P7.39 billion recorded in 2022 mainly due to robust residential sales.
AGI income surges on real estate, gaming
Alliance Global Group Inc. (AGI), the holding firm of businessman Andrew L. Tan, said its income last year grew 20 percent to P30.3 billion from the previous year’s P25.18 billion despite the spike in consumer prices.
Shakey’s 2023 income grows 23%
Shakey’s Pizza Asia Ventures Inc., an operator of fast casual restaurant in the Philippines, said its net income last year expanded by 23 percent to P1.08 billion from the previous year’s P874.4 million, on higher sales.
NGCP, Alternergy unit ink ICA for Tanay project
Alternergy Holdings Corp.’s (Alternergy) subsidiary, Alternergy Tanay Wind Corp. (ATWC), and the National Grid Corporation of the Philippines (NGCP) have signed the interconnection agreement (ICA) for the 100-megawatt (MW) Tanay wind power project in Tanay, Rizal.
First Gen: CNOOC bags LNG contract
Lopez-owned First Gen Corp. (FGen) said Monday it awarded the contract for the second shipment of the company’s liquefied natural gas (LNG) supply requirement to CNOOC Gas and Power Trading & Marketing Limited (CNOOC).
ICTSI gets PPA nod to begin operations of port in Iloilo
The Philippine Ports Authority (PPA) has issued the notice to proceed to International Container Terminal Services Inc. (ICTSI) for the development and operations of the Iloilo Commercial Port Complex (ICPC), which has been renamed to Visayas Container Terminal (VCT).
Affordable housing unit lifts net income of CPG in 2023
Century Properties Group Inc. (CPG) said its net income last year jumped to a 10-year high and surpassed the level recorded prior to the pandemic mainly due to the strong performance of its affordable housing brand.
CREC secures financing from RCBC
Citicore Renewable Energy Corp. (CREC) and Rizal Commercial Banking Corp. (RCBC) sealed a financing deal worth P20 billion to help CREC achieve its goal of having one gigawatt (GW) of solar energy capacity this year.
Holcim to invest in waste collection facilities
Holcim Philippines said it is allotting some P2 billion for segregation and waste collection facilities and solar projects in the next three years.
Dito will expand subscriber base to double revenues
Dito Telecommunity Corp. plans to double its business this year, a tall order that will be driven largely by an aggressive subscriber acquisition plan, according to a ranking official.
Eight8Ate will expand store network of Conti’s, Wendy’s
Eight8Ate Holdings Inc., the food subsidiary of Udenna Corp., said it is planning to open more Conti’s Bakeshop and Wendy’s Philippines stores this year.
Stock-Market Outlook
Franchise Asia Philippines 2024 Expo opens
Franchise Asia Philippines 2024 International Franchise Expo opened on Friday at the SMX Convention Center Manila—living up to its billing as Asia’s biggest franchise show and the country’s most awaited business opportunities event.
DOE: Bulk of RE deals for solar, hydro
Solar and hydro projects accounted for a chunk of the renewable energy (RE) service contracts awarded by the Department of Energy (DOE).
Master the art of risk analysis: FinScore opens Credit Risk Academy
On May 29, FinScore will launch Credit Risk Academy. This comprehensive six-week online course is designed to help professionals working in banks and financial institutions to interpret and create better scoring models.
NASDAQ congratulates Hotel101 Global for US$2.3B merger with JVSPAC
NEW YORK, April 15, 2024 – DoubleDragon has received a congratulatory message from the US NASDAQ Stock Exchange on their iconic NASDAQ Tower Billboard in Times Square New York, to commemorate Hotel101 Global and JVSPAC Acquisition Corp.’s recently signed US$2.3 Billion Definitive Merger Agreement.