Latest Business News

Latest Business News in the Philippines.

  • CEB board OKs restructuring plan following Airbus commitment

    CEBU Air, Inc. (CEB), operator of budget carrier Cebu Pacific, announced on Wednesday its board’s approval of a restructuring plan to use the company’s paid-in capital of P20.66 billion to address its earnings deficit. This follows the company’s commitment to purchase up to 152 A321 new engine option (NEO) aircraft from Airbus. Cebu Air Chairman

  • MediaQuest readies multi-platform approach for Bilang Pilipino 2025 election coverage

    PANGILINAN-LED media conglomerate MediaQuest Holdings, Inc. has launched “Bilang Pilipino 2025, Bayan ang Ipanalo,” aiming to provide comprehensive media coverage of the midterm elections next year through its print, radio, television, and online platforms. “The campaign aims to inform voters of what the candidates stand for and the roles of elected officials, and, as much

  • CREC, SMC unit target to finish Bataan solar plant by 2025

    SAAVEDRA-LED Citicore Renewable Energy Corp. (CREC) and Ang-led SMC Global Light and Power Corp. (SGLP) are targeting to complete their 153.5-megawatt (MW) solar power plant in Mariveles, Bataan next year. “We’re doing the engineering design, (and) once we secure all the remaining permits, we (are looking) to start the construction before yearend,” CREC President and

  • RLC completes infusion of P33.9-B commercial assets into REIT unit

    ROBINSONS Land Corp. (RLC) said it has completed a transaction to infuse P33.92 billion worth of commercial assets into its real estate investment trust (REIT) unit RL Commercial REIT, Inc. (RCR). RLC consummated the property-for-share swap deal with RL Commercial REIT, Inc. (RCR) via the execution of the deed of assignment on July 16 for

  • Opensignal rates DITO as top performer in some tourist destinations

    ANALYTICS firm Opensignal said DITO Telecommunity Corp. leads in mobile experience metrics in some local tourist destinations. “Opensignal analyzed the mobile network experience of our users across the main tourist destinations in the Philippines,” Opensignal said in its report released to reporters on Wednesday. It said that mobile network experience was deemed crucial for tourists.

  • Metro Global Holdings warned of delisting

    THE PHILIPPINE Stock Exchange (PSE) has warned that Metro Global Holdings Corp. (MGH) could be delisted from the local bourse due to noncompliance with the market operator’s minimum public ownership (MPO) rule. MGH remains noncompliant with the local bourse’s amended MPO rule, the PSE said in a circular dated July 16. “Given the foregoing, and

  • Prime Infra switches on 64-MW solar plant in Cavite

    RAZON-LED Prime Infrastructure Capital, Inc. (Prime Infra) and its wholly owned subsidiary Prime Solar Solutions Corp. have inaugurated their 64-megawatt (MW) solar power plant in Maragondon, Cavite. “The completion of the Maragondon solar power plant is a significant milestone for Prime Infra’s portfolio,” Prime Infra President and Chief Executive Officer Guillaume Lucci said in a

  • How PSEi member stocks performed — July 17, 2024

    Here’s a quick glance at how PSEi stocks fared on Wednesday, July 17, 2024.

  • NexGen Energy stock price climbs 1.8% following market debut

    NEXGEN Energy Corp., a newly listed renewable energy (RE) company, saw its stocks rise by 1.79% or three centavos to P1.71 per share following its market debut on Tuesday, exceeding its initial price of P1.68 each.

  • Meralco chair: Commercial deployment of micro-nuclear power plants by 2028 in doubt

    POWER DISTRIBUTOR Manila Electric Co. (Meralco) on Tuesday said there may be a delay in its timeline to deploy micro-modular nuclear power plants by 2028 due to some challenges.