AirAsia Malaysian owners bare raising capital funds near term via share sale
Malaysia's Capital A Berhad, having acquired full ownership of AirAsia Philippines, on Monday bared pushing through with the sale of airline shares in a planned initial public offering (IPO).
Ride-hailing firm InDrive assembling top-notch driver corps following LTFRB accreditation
InDrive, a global mobility and urban services platform, on Monday obtained Land Transportation Franchising and Regulatory Board (LTFRB) accreditation as a transport network company (TNC), paving the way for the company to offer ride-hailing services in the country.
SEC approves Angeles Electric direct share sale
The Securities and Exchange Commission has approved a direct sale of Angeles Electric Corp. shares whose proceeds could hit as much as P708 million.
EEI to diversify into civil works projects in Saudi Arabia
Construction firm EEI Corp. is diversifying into civil works in Saudi Arabia where it is constructing a gigantic city called Neom.
Meralco power rates decline as Dec generation fees ease
Manila Electric Co., better known as Meralco, said Monday power rates in December decreased by P0.7961 per kiloWatt-hour due mainly to reductions in generation charges.
