JG Summit profit up despite plant shutdown
JG Summit Holdings Inc., the flagship of the Gokongwei Group, eked out higher earnings in the first nine months despite a plant shutdown that dragged quarterly revenues and weighed on several business units.
Alternergy buys Cebu wind project
Alternergy Holdings Corporation has moved to expand its renewable footprint in the Visayas with the acquisition of the Alegria Cebu Wind Power Project, its first wind venture in the region.
Government seizes millions in substandard steel
The government has confiscated more than P3.5 million worth of substandard steel products since the start of the year, tightening its crackdown on unsafe...
SEC moves to strengthen whistleblower program
The Securities and Exchange Commission (SEC) has released draft guidelines aimed at strengthening its whistleblower protection program, part of a broader effort to crack down on investment scams, market abuse, money laundering, predatory lending, disclosure violations and other financial crimes.
MPTC faces gigantic debt load, eyes private placements to stay on track
Metro Pacific Tollways Corp. (MPTC), operator of major expressways in the Philippines, Indonesia and Vietnam, is confronting what its leadership calls a “gigantic debt burden” as it looks to raise fresh funds to pay down what could reach up to ₱200 billion in obligations.
