Blogs

Ayala-led energy firm AC Energy Philippines, Inc. is investing in more renewable energy projects in the Philippines as it sets to build two solar farms with a consolidated capacity of 150 megawatts (MW) in Central… Read More »AC Energy to build solar plants in Pampanga, Zambales

The Philippine’s oldest conglomerate Ayala Corporation, reported a 79 percent fall in net income to P7.9 billion in the first half of the year to lower earnings of its banking and property units. The conglomerated… Read More »Ayala Corp H1 income -79% to P7.9 B.

Media giant GMA Network Inc. is buying back all the Philippine Deposit Receipts (PDRs) it had sold to foreigners to defend their investments after lawmakers voted not to renew the franchise of the rival media… Read More »GMA7 PDR buyback

Jefferies Hong Kong Limited today announced that it has established a co-brand agreement with Regis Partners Inc. (formerly Deutsche Regis Partners Inc.), one of the largest equity brokerage houses in the Philippine Stock Exchange (PSE).… Read More »Jefferies co-brand agreement with Regis Partners

A 200-day delay in the processing of permits for the construction of cell towers for telecommunication companies is “unacceptable”, Shorten the process for telco towers, President Rodrigo Duterte said late Monday night. A total of… Read More »Pres. Shorten the process for telco towers

The Philippine government has increased allotted budget for 2021 infrastructure projects as the World Bank noted that the quality of road, power, and water infrastructure in the Philippines lagged behind those of ASEAN countries. The… Read More »P1.12 Trillion for 2021 Infrastructure Projects

The country’s fast-food giant Jollibee Foods Corp.(JFC) booked a net loss of P10.2 billion in the second quarter of the year, reversing its P1.04-billion profit in the same period last year. The company is bleeding… Read More »JFC Q2 net loss P10.2B

SM Prime Holdings Inc., one of the largest property developers in Southeast Asia, said on Monday disclosed a 46-percent decline in consolidated net income in the first half of 2020 to PHP10.4 billion, from PHP19.3… Read More »SM Prime profit down by 46%

Internet service provider Converge ICT Solutions, Inc. aims to connect “millions of unserved and underserved” households and businesses by 2021 as it focuses on expansion in the coming years. Dennis Anthony H. Uy, founder, and… Read More »Converge ICT boost expansion nationwide