A. Brown’s P1.5 billion preferred share sale secures SEC green light
A Brown Co. Inc. on Wednesday secured the green light from the Securities and Exchange Commission for the sale of 15 million preferred shares.
Margin improvement boosts RFM 2023 net income by 14% to P1.2 billion
RFM Corp., the listed food company of the Concepcion Group, on Wednesday said its preliminary net income in 2023 rose 14 percent to P1.2 billion as margins recovered due to improved cost of raw materials such as wheat and milk.
Meralco identifies 1,200-MW South Premiere Power CSP offer as “best bid”
Manila Electric Co. or Meralco, the country’s largest power distributor, said Wednesday the South Premiere Power Corp. offer to provide 1,200 megawatts of power has been selected as the “best bid” among three others under the government-mandated competitive selection process (CSP).
NLEX opens new exit in Meycauayan
NLEX Corporation on Wednesday announced the opening of the new F. Raymundo Exit in Brgy. Pandayan for class 1 vehicles and the completion of the widening of the Meycauayan Northbound Exit Ramp, both seen to ease the recurrent traffic at NLEX Meycauayan area, especially during peak hours and holidays.
CIMB PH launches next generation, high interest time deposit product
CIMB Bank Philippines, cited by Forbes as the Best Bank in the Philippines, has expanded its product offering with the launch of the new MaxSave Time Deposit product. The service offers the highest interest rate in the market of up to 7.5 percent per annum.
