Corporate

SEC chairman receives first public sector award given by Mansmith Innovation

Securities and Exchange Commission chairman Emilio B. Aquino as public sector innovator has been so recognized at the 2023 Mansmith Innovation Awards, in recognition of landmark digital transformation efforts in the country’s corporate regulator.

JG Summit to infuse P11B fresh capital to naphtha unit 

JG Summit Holdings Inc., the investment holding company of the Gokongwei Group, said Monday its board approved a proposal to infuse additional capital of up to P11 billion into its wholly-owned subsidiary, JG Summit Olefins Corp. 

Hive Health acquires HMO pioneer Health Plan

Health insurance startup Hive Health Philippines Inc. has acquired Health Plan Philippines Inc, one of the pioneers in health maintenance organization (HMO) in the country.

Regulator clears Robinsons Retail’s acquisition of Rose Pharmacy Inc.

Robinsons Retail Holdings Inc. said Friday the Philippine Competition Commission has cleared the acquisition by its unit, South Star Drug Inc., of the entire shareholdings of Rose Pharmacy Inc. 

Phoenix Petroluem widens 3Q loss but oil firm sees signs of recovery

Phoenix Petroleum Philippines Inc., the listed oil company of businessman Dennis Uy, reported Friday a wider net loss in the third quarter as sales declined, operating costs rose and financing charges ballooned.

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