SEC revokes Procap, Ray International franchise
The Securities and Exchange Commission (SEC) has cancelled the corporate registrations of Procap International and Ray International Philippines Corp. who were caught illegally soliciting investments from the public.
BTr raises T-bill issue size despite increase in interest rates
Treasury bill yields were slightly higher at the auction Tuesday but the Bureau of the Treasury still upsized the issue amount to take advantage of the strong bids.
Meralco secures 600-MW supply under CSP best offered by SMC, Aboitiz units
Manila Electric Co., the country’s largest power distributor, has secured the lowest offers for its 600-megaWatt baseload supply requirement through the conduct of a Competitive Selection Process.
Aboitiz Group, Cebu LGU helping green the Central Cebu Protected Landscape
The Aboitiz Group has partnered with the provincial government of Cebu in a large-scale, multi-year reforestation and watershed recovery project to green the Mananga-Lusaran River.
Gotianun Group projects doubling hotel keys in 5 years
Filinvest Hospitality Corp., the hotel operator of Gotianun-led Filinvest Development Corp., projects to more than double its portfolio of 1,800 hotels in the next five years, mostly in areas where tourists gather.
