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A. Brown sets up new palm oil subsidiary

Diversified listed firm A. Brown Co. Inc. is setting up a wholly-owned subsidiary in Surigao to manufacture and refine crude palm oil.A. Brown is...

Nickel Asia Raises Stake In Renewable Energy Unit For P2.92B

Nickel Asia Corp., one of the world’s largest producer of lateritic nickel, said its board has approved additional capital in its renewable energy subsidiary...

Inchcape Plc takes a stake in CATS Group of Companies 

Leading independent multi-brand global automotive distributor Inchcape Plc (Inchcape) on Tuesday bared an agreement to enter into a joint venture with CATS Group of...

ACEN secures $107M financing package from ADB, parallel lenders

ACEN and its partner, the BIM Group, have secured a financing package worth $107 million from the Asian Development Bank (ADB) and parallel lenders...

Income-while-playing-games and other fraudsters attract regulators

The Securities and Exchange Commission has let out a warning against three entities allegedly engaged in unauthorized solicitation of investments without the necessary license. In...

Just in

PAL modernizing fleet with major Boeing Dreamliner order

The Philippine Airlines is set to significantly upgrade its long-haul operations after announcing the acquisition of 15 fuel-efficient Boeing 787-10 Dreamliner jets, with an option to purchase five more.

P96.7-M ice plant at Bulan fish port set to boost Bicol fisheries

The Department of Agriculture (DA) has announced the construction of a P96.7 million ice plant at the Bulan Fish Port Complex in Sorsogon, designed to lift production and incomes across the Bicol Region’s fisheries sector. Unveiled in a statement on Monday, the facility can produce 60 metric tons of ice daily and store up to 120 metric tons, aimed at keeping catch fresh, cutting post-harvest waste, and strengthening the entire fisheries value chain.

ERC greenlights P1.38 billion transmission facilities for Laguna Lake floating solar project

Renergy firm NKS Solar One Inc. has received official approval from the Energy Regulatory Commission (ERC) to develop and own dedicated transmission infrastructure worth P1.38 billion, which will connect its 250-megawatt floating solar power project on Laguna Lake to the main Luzon power grid.

Senate orders submission of VP Duterte’s bank records

The Senate, sitting as an impeachment court, on Monday ordered banks to produce the peso account records of Vice President Sara Duterte and her husband, Manases Reyes Carpio, from 2007 to 2021, as House prosecutors seek to use these documents to prove whether she amassed alleged ill-gotten wealth. The court also subpoenaed the financial records of 19 corporations and one partnership linked to the couple, along with relevant documents from the Anti-Money Laundering Council, all to be submitted by July 30. It likewise allowed the production of the couple's income tax returns for the same period to establish their financial baseline, a key issue in one of the Articles of Impeachment. The ruling, issued by presiding officer Senator Francis Escudero, appeared to stem from an earlier caucus. But no vote tally was disclosed, and it remained unclear whether the senator-judges formally voted on the subpoenas.
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