Philex Mining Corporation is looking to raise up to P3.15 billion from its planned stock rights issue offering (SRO). In a disclosure to the stock exchange, the listed company said the board of directors approved a plan to undertake a stock rights issue offering (SRO) for eligible shareholders. Phile Mining Chairman Manuel V. Pangilinan, CEO […]Read More

Universal Robina Corp. (URC) reported a P2.47 billion net income attributable in the third quarter this year, up by 25% from a year ago as sales inched up nearly three percent. In a regulatory filing, the Gokongwei-led consumer food company reported P27.92 billion in revenues in the quarter ending September, from P27.2 billion a year […]Read More

Converge ICT Solutions, Inc. is scheduled to complete the P6-billion domestic submarine cable project, which connected the country’s three major islands to its national “fiber backbone,” on Sunday. “Not only does this ensure availability of the service nationwide, but with the network design, we’re assured to have a resilient backbone that’s able to carry the […]Read More

The Keepers Holdings, Inc. set the price for its follow-on offering (FOO) at P1.50 per share, which is the lowest end of its already discounted price range. At this offer price, the company may raise up to P4.5 billion for the sale of three billion common shares. The company revised its FOO price range to […]Read More

Metro Pacific Investments Corp. (MPIC) has partnered with multinational software company SAP SE to future-proof and simplify its business processes. “One of our key objectives is really to future-proof our business and, in doing so, future-proof all our other stakeholders, including our partners, investors, employees, and even ourselves,” MPIC Chief Financial Officer and Chief Sustainability […]Read More

Semirara Mining and Power Corporation (SMPC) reported P4 billion in net income in the third quarter, surging more than five times from P750 million during the same period a year ago as prices and demand for coal increased. In a regulatory filing, the listed miner said its P4.01 billion income is “its highest-ever quarterly net […]Read More

Integrated Micro-Electronics, Inc. (IMI) swung to a $1.28-million net loss attributable to equity holders of the parent company in the third quarter from a $9.1-million profit during the same period in 2020, citing challenges arising from the global supply chain snarls and lockdown restrictions. In a statement, the manufacturing arm of AC Industrial Technology Holdings, […]Read More

AC Energy’s 120 MW Gigasol Alaminos, Laguna Listed power firm AC Energy Corp. said it has forged a deal to supply clean power to Ayala Land, Inc. (ALI) through 2050. In a statement, AC Energy said its 120-megawatt solar plant in Alaminos, Laguna will supply renewable energy “that will help meet ALI’s demand up to […]Read More

Lopez-led First Gen Corp. said on Friday that the second unit of its 97-megawatt (MW) Avion power plant in Batangas can now operate on either natural gas and liquid fuel. “[We have] been advised by its subsidiary, Prime Meridian Powergen Corp., that the recommissioning and testing activities of Unit 2 of the 97 MW Avion […]Read More

BW FILE PHOTO ALMOST TWO in every five households had some form of debt, mostly in the form of outstanding loans and bills, 2018 data from the Bangko Sentral ng Pilipinas (BSP) said. Outstanding loans accounted for 28.2% of household debt, while household bills represented 17.1% and credit card bills accounted for 1.6%. Most household […]Read More