- Senate OKs bill lowering tax on stock transactions on final reading
THE SENATE on Monday approved on final reading a bill that seeks to cut the tax on stock transactions to 0.1% from 0.6%, aiming to encourage more Filipinos to invest in the stock market. Twenty-one senators unanimously voted in favor of Senate Bill No. 2865, or the Capital Markets Efficiency Promotion Act, which aims to
- Filinvest REIT adds Festival Mall to portfolio
GOTIANUN-LED Filinvest REIT Corp. (FILRT) is diversifying its portfolio into the retail mall segment after a P6.26-billion property-for-share swap deal with its parent company and sponsor Filinvest Land, Inc. (FLI) for a mall in Muntinlupa City. FLI will transfer ownership of the 121,862 square-meter (sq.m.) main mall of Festival Mall in Alabang to FILRT in
- PAL to start direct flights to Beijing in March
PHILIPPINE AIRLINES (PAL) is set to boost its flights to China by operating non-stop flight services to Beijing in March, the flag carrier announced on Monday. PAL, operated by PAL Holdings, Inc., is set to operate flights to Beijing Capital International Airport starting March 30, it said in a statement. The company will operate non-stop
- EPI subsidiary seeks ERC nod for P1.19-B transmission facility
NORTHERN Palawan Power Generation Corp. (NPPGC), a subsidiary of Emerging Power, Inc. (EPI), is eyeing to link its 145-megawatt-peak (MWp) Cawag Solar Power Project in Subic, Zambales, to the Luzon grid via a transmission facility. The company is seeking the approval of the Energy Regulatory Commission (ERC) to develop, own, operate, and maintain a dedicated
- PDEx eyes P600B in bond issuances this year
THE PHILIPPINE Dealing and Exchange Corp. (PDEx) is eyeing to generate P600 billion in corporate bond issuances this year after missing its target for 2024, according to its president. “We’ll be refocusing it again, but right now, the budget is for P600 billion,” PDEx President and Chief Executive Officer Antonino A. Nakpil told reporters on
- MWSS seeks retained water allocation for February
THE METROPOLITAN Waterworks and Sewerage System (MWSS) is seeking the approval of the National Water Resources Board (NWRB) to maintain an allocation of 52 cubic meters per second (cms) for February amid the high water level at Angat Reservoir. “MWSS will continue to request maintaining the 52 cms allocation since the water level at Angat
- Ranger Raptor 3.0L V6 now permanent in Ford lineup
FORD Philippines announced that it is permanently adding the Ford Ranger Raptor 3.0L V6 to its vehicle portfolio amid growing demand from Filipino customers. Initially sold in a limited quantity of 300 units at its launch at the Philippine International Motor Show in October, the new Raptor variant has become one of Ford Philippines’ best-selling
- PHINMA Corp. plans socialized housing in Bacolod, Davao
PHINMA Corp. plans to launch two socialized housing projects in Bacolod and Davao this year, its chairman said on Monday. “Our first (socialized housing) project will be in Davao, then Bacolod,” PHINMA Corp. Chairman and Chief Executive Officer Ramon R. del Rosario, Jr. told reporters on the sidelines of the Financial Executives Institute of the
- How PSEi member stocks performed — January 27, 2025
Here’s a quick glance at how PSEi stocks fared on Monday, January 27, 2025.
- CLI targets P10 billion from bond issuances this year
CEBU LANDMASTERS, Inc. (CLI) plans to raise P10 billion through bond offerings this year, according to its chairman. CLI Chairman and Chief Executive Officer Jose R. Soberano III said during a media briefing in Makati City last week that P5 billion in sustainability-linked bonds will be listed by the first week of March, while another