Kepwealth completes tender on Keppel Holdings shares
Kepwealth Inc. said it has completed the tender offer for all the outstanding shares of Keppel Philippines Holdings Inc. as part of its plan delist the company Philippine Stock Exchange.
Citicore Renewable, Pertamina NRE seal USD120M energy deal
Citicore Renewable Energy Corp., a leading Philippine renewable energy developer, and Indonesia’s Pertamina New & Renewable Energy, have completed a share subscription agreement, a significant step in regional clean energy cooperation.
BOP swings to deficit of $298M in May, reversing year-ago surplus
The country's balance of payments (BOP) stood as a deficit of US$298 million in May, reversing the US$2 billion surplus recorded in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP).
DAR appeals ₱28-B Hacienda Luisita payout order
The Land Bank of the Philippines on Thursday said the Department of Agrarian Reform (DAR) had asked the Court of Appeals in May to reconsider its order requiring the government to pay just compensation of ₱28.48 billion to Hacienda Luisita Inc. (HLI). The order arose from a Supreme Court ruling mandating the distribution of 4,500 hectares of land under the Comprehensive Agrarian Reform Program (CARP).
Maynilad welcomes 10-year RCA extension
Maynilad Water Services Inc. on Thursday lauded the Economic Development Council’s (ED Council) approval of a 10-year extension of the Revised Concession Agreement (RCA) with Metro Manila’s water concessionaires, allowing the company to operate until January 2047.
