Corporate
Stiffer penalties await serial corporate offenders beginning October
The Securities and Exchange Commission (SEC), which has drawn up a punitive schedule of fines 90 percent more harsh than existing rules, has released an amnesty program extending the compliance period up to end-September this year.
Aboitiz Power moves to buy back shares; to use internal funds
Aboitiz Power Corp. said Wednesday its board approved a plan for the energy firm to buy back its own shares using internally-generated excess cash.
PAL fills executive posts to boost management
PAL Holdings Inc., which operates flag carrier Philippine Airlines, has filled key executive positions in a move to build a structure that strengthens the airline’s leadership team.
ACEN plans to raise P25 billion preferred shares offer
ACEN Corp. said Tuesday its board approved a plan to raise as much as P25 billion from the sale of preferred shares.
Nickel miners call for predictable regulation, shorter permitting process to spur investments
The Philippine Nickel Industry Association is urging government to promote predictable regulations and ease the process of securing permits to attract more investments in mining, particularly for value-added nickel processing.
