Now Corp. Seals $50-Million Loan for TV Network
IT firm Now Corp. managed to seal a $50-million loan with a local bank in order to fund the development of an enterprise IT. This will be a broadband and …
Semirara, Meralco Unit to Create Coal-Fired Plant
A joint venture has just been entered by both Semirara Mining and Power Corp. and Meralco Powergen Corp. The purpose of the venture is to create a two-unit coal-fired power …
Philex Mining Net Income Rises
Philex Mining Corp. has seen its net income increase by 38% within the year’s first quarter. The probable reason for this is that the company is keeping its cost and …
Crown Asia Chemicals Reports Higher Q1 Income
The earnings of Crown Asia Chemicals Corp. has increased in the year’s first three months. This is due to the strength of its pipe business. Their net profit managed to …
Concentrix Looks to Grow Philippine Operations
Concentrix Corp. is expanding its local operations and plans on setting up shop in Lapu-Lapu, Cebu by the latter part of 2016. The company is set to operate in The …
Marco Polo Plaza Celebrates 10th Anniversary with Run for Eruf
On its tenth year anniversary, Marco Polo Plaza celebrated by giving back. The celebration began with a RUN FOR ERUF on April 3, 2016, where more than 900 people joined …
SM Boosts Capital Stock
During their annual stockholder’s meeting on Wednesday, stockholders of SM approved the increase in its authorized capital stock to P28 billion. It is divided into 2.79 billion common shares and …
Brown Unit Begins New Bulk Water Supply Project
A Brown Co. unit launched its P500-million bulk water supply project last week in Opol, Misamis under a public-private partnership scheme. AP Bulk Water Co., Inc., a subsidiary, held a …
SBS Selling Prime Property in BGC
SBS Philippine Corp. is looking to sell another prime property that’s located in Bonifacio Global City in Taguig. SBS’s board of directors approved the sale of its 1,083-square meter property …
Meralco Books Increased Earnings
Manila Electric Co. reported an increase of 4% in its first-quarter core net income following a substantial jump in energy sales volume. Meralco President Oscar S. Reyes revealed in a …