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Banking, car, insurance businesses nudge GT Capital net income higher in 1Q

GT Capital Holdings Inc. said Thursday its banking, car and insurance businesses lifted first-quarter net income by 7 percent to P7.11 billion.

Leviste eyes more ABS-CBN shares; plans industrial estate for Roxas Holdings’ Nasugbu property

Leandro Leviste,  founder of Solar Philippines, one of the largest integrated solar farms developers, said his constant search for value has led him to the acquisition of a substantial stake in ABS-CBN Corp., whose bottomline has been bleeding red since Congress decided not to renew its broadcast franchise in 2020.

Nasugbu LGU asks Roxas and Co. to settle unpaid tax obligations

The local government of Nasugbu in Batangas is seeking payment for alleged unpaid real property taxes it claims exceeding P1 billion from Roxas and Co. Inc. 

Meralco unit wins contract to build Singapore’s 100-MW LNG-fed ancillary plant

Meralco Power Gen Corp. (MGen) affiliate firm Pacific Light Power Pte Ltd (PLP) on Wednesday announced winning the contract to build power generating units providing Singapore’s Energy Market Authority with 100 megawatts of fast start generation facility by the second quarter next year. 

Telco helping empower farmers, fisherfolk with non-collateralized loans

GCash, Globe's mobile wallet, has tapped Farm Konekt to provide farmers and fishermen access to non-collateralized loans powered by its credit arm, Fuse Lending.

Just in

PITX sees 1.89 million passengers for Undas travel period

The Parañaque Integrated Terminal Exchange (PITX) forecasts around 1.89 million passengers passing through its facilities from October 25 to November 4 this year, as Filipinos travel home for All Saints’ Day and All Souls’ Day.

SEC rolls out new market making rules to boost liquidity, align with global standards

The Securities and Exchange Commission (SEC) has released the regulatory framework governing market making activities, bringing Philippine market practices in line with international standards to improve liquidity, strengthen price formation, and support capital raising in the country’s financial markets.

Hydropower developers call for stronger government support, clear roadmap to unlock sector potential

Amid the ongoing El Niño dry spell, local hydropower developers are urging the government to step up assistance and put in place clearer policies to speed up project rollout across the country.

Analysts see sustained long-term growth for Mynt ahead of stock market debut

FINANCIAL ANALYSTS EXPECT Mynt Inc., the parent company of dominant e-wallet operator GCash, to maintain a steady upward trajectory following its upcoming debut on the Philippine Stock Exchange, though its performance may resemble the measured pace of a mature corporate giant rather than a high-speed startup.
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