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Strategic agility drives Megaworld net profit 29% higher to P17.3B in 2023

Corporate Context.ph Context.ph -
Megaworld Corp. said Wednesday its net profit last year jumped 29 percent year-on-year to P17.3 billion, underscoring the gains from the strategic agility exhibited...

ACEN Australia secures AUD150M green loan for renewable energy project

Energy & Mining Context.ph Context.ph -
ACEN Australia, a subsidiary of Ayala Group’s renewable energy arm ACEN Corp., has secured a total of AUD150 million green term loan from the...

Philex completes USD170M loan package for Silangan Project

Corporate Context.ph Context.ph -
Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corp., one of the largest gold and copper producers in Southeast Asia, signed a deal for additional USD70 million with additional lenders who syndicated the credit facility.

Global rich keep luxury property prices rising as Manila, Dubai soar – Knight Frank

Property Context.ph Context.ph -
Luxury residential property bucked the trend of falling prices in 2023 and rose 3.1 percent, as double-digit gains in the likes of Manila and Dubai offset falls in New York and London, Knight Frank said on Wednesday.

STI Holdings signs deal to acquire Philippine School of Business Administration

Corporate Context.ph Context.ph -
STI Education Systems Holdings Inc. said Wednesday its board ratified the execution of a term sheet that would allow it to takeover the operations of Philippine School of Business Administration, or PSBA.
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DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

Agriculture 0
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

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.
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