Better margins from cooking gas business boosts Pryce 1H earnings
Pryce Corp. on Thursday reported first half net income surging 61 percent to P1.32 billion on improved margins from the sale of liquefied petroleum gas, or LPG, across Luzon.
BDO raises P55.7 billion from ASEAN Sustainability Bond issuance
BDO Unibank Inc., the country’s largest lender by assets, said Thursday it raised P55.7 billion in fresh funds from the sale of peso-denominated ASEAN Sustainability Bonds.
Globe completes sale-and-leaseback deal with Frontier Tower for 3,529 towers
Globe Telecom Inc., the telecommunications and financial technology business of the Ayala Group, said Thursday it has completed the sale of assets to Frontier Tower Associates Philippines Inc. with the transfer of the final batch of 1,037 telecom towers for a cash consideration of P13.17 billion.
Meralco prioritizes safety as it restores power in typhoon, monsoon aftermath
Manila Electric Co., the country’s largest power distributor, said Thursday it has restored electric service to around half of the 600,000 customers affected by torrential rains and flooding brought by Super Typhoon Carina and the enhanced Southwest Monsoon on Wednesday.
SEC rolls out guidelines to regulate real estate profit-sharing contracts
The Securities and Exchange Commission is rolling out new guidelines aimed at regulating real estate investment contracts to protect investors and promote industry growth.
