Corporate

EDC lists P10-billion fixed rate Asean green bonds

Renewable energy developer Energy Development Corp. (EDC) has listed P10 billion in fixed rate ASEAN green bonds representing the second tranche of its P15-billion shelf registration at the Philippine Dealing and Exchange Corp. (PDEx).

Top PT&T executives resign; says succession plan in place

PT&T Corp. said Tuesday two of its key officers—chief operating officer Miguel Marco Bitanga and chief information officer Alberto Ambuyo—have resigned from the listed company, which is now seeking approval to resume trading on the Philippine Stock Exchange after a 20-year voluntary suspension. 

Coal Asia cuts share par value to P0.10 to boost liquidity

Coal Asia Holdings Corp. said Monday its directors approved an amendment to its articles of incorporation to reduce the par value of its shares to P0.10 from the current P1.

Filinvest Development to dissolve crowdfunding platform Investree PH

Filinvest Development Corp., the investment holding company of the Gotianun Group, said it will dissolve its venture Investree Philippines, seeking regulatory approval to shorten the corporate life of the country’s first licensed crowdfunding platform by September next year.

AllDay Supermarket reports double-digit growth in 1Q despite challenging environment

AllDay Supermarket, the supermarket operator of the Villar Group, said Friday net income in the first quarter rose 10 percent to P97 million, helped by the opening of new minimarts and enhanced product offerings.  

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