Corporate
BOC seizes P5.5 billion smuggled cigarettes, devices
The Bureau of Customs-Customs Intelligence and Investigation Service (BOC-CIIS) said over the weekend it seized P5.5 billion worth of illegally imported cigarettes and counterfeit items in a warehouse in Bulacan.
EEI board appoints new CFO, other managers in continuing reorganization
More than a year since House of Investments sold a substantial stake in EEI Corp., the new owners appear yet-to-complete the reorganization of the listed construction company.
Globe Telecom retains MSCI ESG Rating of ‘AA’ for second year
Globe Telecom has maintained its MSCI ESG Rating of ‘AA’ for the second consecutive year, reinforcing its status as a leader in environmental, social, and corporate governance within the telecom sector.
Petron sets dividend rates on preferred shares to be offered to raise P17 billion
Petron Corp., the country’s largest oil refiner with operations in Malaysia, said Friday its board has approved the dividend rates on Series 4 preferred shares it plans to offer starting next week to raise as much as P17 billion.
S&P Global upgrades Meralco credit rating to ‘BBB’, a notch below sovereign rating
International credit rating agency S&P Global upgraded the debt rating of Manila Electric Co., the country’s largest power distributor, by a notch to ‘BBB’ with stable outlook from ‘BBB-’.
