Corporate
SEC shuts down corporation selling financial, health benefits from mushrooms
The Securities and Exchange Commission has revoked the corporate registration of Infinity8Networks Digital Services OPC plus a fine of P1 million for illegally soliciting investments.
Yuchengco’s House of Investments shifts business focus on financial services
House of Investments, the investment holding company of the Yuchengco Group, said Monday it is diversifying ito financial services and property development and minimizing its exposure in the construction business.
Irradiation facility set to begin commercial operation in three months
Publicly listed A Brown Co. said its unit Irradiation Solutions Inc. is set to begin commercial operations in March with the completion of the construction of the country’s first e-beam and cold storage facility in Tanay, Rizal.
D&L Industries unit welcomes DOE circular on biodiesel blend hike
Chemrez Technologies Inc., the country’s largest biodiesel manufacturer, welcomed the publication of the draft circular issued by Department of Energy that lays down the guidelines on biofuel blend implementation, albeit delayed by a decade.
SMPC sets record coal sales in 2023 at 15.8M tons on strong exports
Semirara Mining and Power Corp., a listed integrated energy company, said Friday it achieved a record-breaking coal sales volume of 15.8 million metric tons in 2023, a 6 percent increase from the previous year on the back of strong export.
