- Semirara says court issued TRO halting duties on fuel imports
SEMIRARA Mining and Power Corp. (SMPC) said a regional trial court has granted its request for a 20-day temporary restraining order (TRO) against the government’s collection of duties and taxes on its fuel imports. “We disclose today that Semirara Mining and Power Corp. filed a Complaint for Injunction with prayer for Temporary Restraining Order and/or
- Gov’t to extend Sumitomo’s MRT-3 maintenance contract
THE Department of Transportation (DoTr) is set to extend the maintenance contract of Sumitomo Corp. for the Metro Rail Transit Line 3 (MRT-3).
- Vista Land secures funding for P10-B maturing bonds
VILLAR-LED property developer Vista Land & Lifescapes, Inc. has secured financing to settle P10 billion in retail bonds that matured on Wednesday. The financing came in the form of shareholder advances, Vista Land said in a regulatory filing. The P10-billion Series E fixed-rate retail bonds, which had a 5.5-year tenor with quarterly coupons priced at
- PSE targets more overseas Filipinos to boost stock market participation
THE PHILIPPINE Stock Exchange, Inc. (PSE) is seeking to attract more overseas Filipinos to invest in the local stock market. PSE President and Chief Executive Officer Ramon S. Monzon said that less than 1% of overseas Filipinos have stock market accounts. Partnerships with government agencies could help encourage greater retail investor participation, he said in
- Cebu Pacific to deploy A330neo flight simulator at Clark hub
CEBU PACIFIC, operated by Cebu Air, Inc., has expanded its partnership with Canada-based CAE, Inc. to include the deployment of an Airbus A330neo full-flight simulator at its training center in Clark. “This new simulator will provide additional training capacity and heighten the safe operation of this state-of-the-art aircraft. The expansion will help meet the growing
- Raslag gets SEC nod to form units for solar projects
RENEWABLE energy company Raslag Corp. said on Wednesday that it had secured approval from the Securities and Exchange Commission (SEC) for the creation of two subsidiaries to manage its upcoming solar power projects. In a stock exchange disclosure, Raslag said it had received the digital certificates of incorporation for its two wholly owned subsidiaries, Raslag
- Airline fuel surcharge unchanged for July
AIRFARES are likely to remain steady as the Civil Aeronautics Board (CAB) maintained the fuel surcharge at Level 3 for the month of July. In an advisory on Wednesday, CAB said the passenger and cargo fuel surcharge for domestic and international flights will remain at Level 3 from July 1 to 30. At this level,
- FEU to acquire majority stake in Pampanga school
LISTED educational institution Far Eastern University, Inc. (FEU) is acquiring a majority stake in Higher Academia, Inc. (HAI), an educational provider based in San Fernando, Pampanga, under a P11.43-million deal. In a regulatory filing on Wednesday, FEU said its board of trustees approved on June 17 an additional equity investment of P11.43 million, which will
- How PSEi member stocks performed — June 18, 2025
Here’s a quick glance at how PSEi stocks fared on Wednesday, June 18, 2025.
- SMC, SMIC, Meralco lead 40 PHL firms in Fortune’s SE Asia 500 list
FORTY PHILIPPINE companies have been included in Fortune’s 2025 Southeast Asia 500 list, led by San Miguel Corp. (9th), SM Investments Corp. (25th), Manila Electric Co. (35th), Ayala Corp. (47th), and JG Summit Holdings, Inc. (50th). The list ranks the region’s largest companies by revenue as of end-2024. This marks the second edition of the