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Bidders raise tender offer price for Metro Pacific shares to “best and final” P5.20

Metro Pacific Investments Corp. sought a trading suspension on Tuesday to allow shareholders time to consider the higher price that major shareholders have tendered...

REDC finalizes IPO terms

Repower Energy Development Corporation (“REDC”), a subsidiary of Pure Energy Holdings Corporation, has started its initial public offering after finalizing the IPO terms. A total...

Only 30 percent received bids at renewable energy auction

Only 30.9 percent or 3,580.76 megawatts (MW) of renewable energy (RE) capacity of the 11,600 MW made available by the Department of Energy (DOE)...

Miner projects spending P1.7B in Zamboanga nickel project

Florjenmar Mining and Development Corp. (FMDC) is seeking regulatory approval for the development of its Gutalac nickel project in the Zamboanga Peninsula, documents submitted...

Moody’s unit projects sharply lower inflation in June

Moody’s Analytics, the financial intelligence and analysis arm of global credit watcher Moody’s Investor Service, forecasts inflation at only 5.3 percent in June, sharply...

Just in

Gov’t orders cut in airport fees to help lower air travel costs

Transportation Secretary Giovanni Lopez has directed the Civil Aviation Authority of the Philippines (CAAP) to reduce Passenger Service Charges (PSC) and airport navigation fees in airports operated by the agency.

Coffee costs clip Universal Robina profits

Universal Robina Corp., the listed food unit of the Gokongwei Group, posted modest revenue growth last year but saw profits ease as unusually high coffee input costs squeezed margins, highlighting how volatile commodity prices continue to challenge food manufacturers.

ASEAN ministers urge restraint in Middle East, shield region’s economy

Economic ministers of the Association of Southeast Asian Nations on Friday called for urgent de-escalation of tensions in the Middle East, warning that prolonged conflict could ripple across global energy markets and threaten Southeast Asia’s fragile economic recovery.

Fuel price spike clouds Cebu Pacific growth

Cebu Pacific, the budget carrier unit of the Gokongwei Group, is bracing for potential turbulence from rising global fuel prices, even as the Philippines’ largest budget airline continues to post steady passenger growth early this year.
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