Corporate

The Victoria International Container Terminal (VICT) at the Port of Melbourne onThursday announced the acquisition of four hybrid automatic container carriers (ACCs) from Kalmar, marking a significant step in its ongoing expansion and sustainability efforts. Operated by International Container Terminal Services, Inc. (ICTSI), VICT’s investment in these advanced carriers underscores its commitment to improving capacity while reducing environmental impact.

Pacific Online Systems Corp., a listed developer and manager of online computer systems, terminals, and software for the Philippine lottery industry, has entered into an investment agreement with software provider HHR Philippines Inc. (HHRPI) to acquire a 37.5 percent stake in the company.

D.M. Wenceslao & Associates, Inc. (DMW) has secured a prestigious position in the 91st percentile of the S&P Global Corporate Sustainability Assessment (CSA) for the real estate sector, placing the Philippine Stock Exchange-listed company among the top 9 percent of real estate firms globally.

The Chamber of Mines of the Philippines (COMP) and the Philippine Nickel Industry Association (PNIA) have raised concerns over the potential economic fallout of Senate Bill 2826, which seeks to ban the export of raw ore unless processing plants are built within five years.

The Philippine Stock Exchange (PSE) has reached a revised agreement with the Bankers Association of the Philippines (BAP) to purchase a smaller stake in the Philippine Dealing System Holdings Corp. (PDS), a key player in the country’s fixed income market.