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Korean company coal assets divestment seen completed in H1 2023

Energy & Mining Context.ph Context.ph -
South Korea state firm Korea Electric Power Corp. (KEPCO) said Wednesday the second phase of the sale of its non-core energy assets in the Philippines is underway.

Areit secures SEC approval of its share swap with Ayala Land

Markets Context.ph Context.ph -
Areit Inc., the real estate investment trust sponsored by property developer Ayala Land Inc. (ALI), on Wednesday obtained regulatory approval of its share swap proposal valued at P11.25 billion. 

A. Brown sets up new palm oil subsidiary

Corporate Context.ph Context.ph -
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

Corporate Context.ph Context.ph -
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 

Corporate Context.ph Context.ph -
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...
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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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