ICTSI fully divests from Indonesia-listed unit PT ICTSI Jasa Prima
International Container Terminal Services Inc., the global port operations of tycoon Enrique Razon Jr., said Monday it fully divested from its Indonesia-listed subsidiary PT ICTSI Jasa Prima Tbk for USD2 million.
Recto joins MB as Cabinet representative
President Ferdinand R. Marcos, Jr. has designated Department of Finance (DOF) Secretary Ralph G. Recto as Cabinet representative to the monetary board (MB), the highest policy-making body of the Bangko Sentral ng Pilipinas (BSP).
CPG to launch two new projects in H1
Real estate developer Century Properties Group Inc. on Monday bared the launch of two projects in Mandaluyong and in Pampanga within the first six months this year.
Monde projects 2023 core net income to rise “by mid-teens”
Monde Nissin Corp., manufacturer of the Philippines’ market leading Lucky Me! instant noodles, on Monday projected its core net income growing “by mid-teens” in 2023 as sales likely rose in the “high single-digit” on the back of strong growth in the Asia-Pacific branded food and beverage business, offsetting the decline in meat alternative gross margin.
Meralco unit completes P15.9 billion SPNEC takeover
MGen Renewable Energy Inc. (MGreen), a unit of the Manila Electric Co., on Monday completed its P15.9 billion investment in SP New Energy Corp. (SPNEC), taking a controlling stake at the solar company.
