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NLEX Corp. plans borrowing an initial P5 billion to finance tollway expansion

Transport & Logistics Context.ph Context.ph -
Pursuing the third phase of the NLEX widening project requires the concession holder to borrow from financial institutions an initial P5 billion more or...

SEC comes down hard on Abra Mining

Corporate Context.ph Context.ph -
The Securities and Exchange Commission (SEC) has filed a criminal complaint against Abra Mining and Industrial Corp. (AR), its directors, officers and certain stockholders and even against its transfer agent for unauthorized and fraudulent trading. 

PRCI expects real estate business recovery to boost earnings in 2024

Corporate Context.ph Context.ph -
Philippine Racing Club Inc., which discontinued its horse racing operations to focus on its property development business, projects better operating results this year on an expected rebound in the real estate operations.

Ginebra 1Q sales rise on volume gain, price hike; other income drop hit profit

Corporate Context.ph Context.ph -
Ginebra San Miguel Inc., the liquor arm of the San Miguel Group, saw net profit in the first quarter dropped to P1.91 billion from P2.53 billion, which included a large earnings gain recognized from the transfer of rights to the Don Papa rum and cocktail products.

Robinsons Land declares record high cash dividend on strong earnings 

Corporate Context.ph Context.ph -
Robinsons Land Corp., the real estate arm of the Gokongwei Group, will distribute to shareholders a record high P3.15 billion, or P0.65 per share, cash dividend, a move that returns a significant amount of capital to investors on the back of strong earnings.
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GSIS opens new Dagupan branch

Corporate Bulletins 0
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Rockwell joins expanded 4PH to widen homeownership access

Property 0
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.

Ayala Land’s Vermosa earns top green district certification

Corporate Bulletins 0
Ayala Land’s 752-hectare Vermosa estate in Cavite has received the highest rating under the Philippine Green Building Council’s (PHILGBC) BERDE Districts certification system, adding a sustainability credential to its bid to establish itself as a major residential and commercial growth center south of Metro Manila.
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