Corporate
CREC sets P13-B IPO in March
The Philippine Stock Exchange Inc. on Thursday approved the P13 billion initial public offering of Citicore Renewable Energy Corp. (CREC), a pure-play renewable energy producer in the Philippines.
Hong Kong supplier backs Alternergy wind projects in Rizal, Quezon Province
Alternergy Holdings Corp. and subsidiaries are pursuing wind power projects in Rizal and Quezon province.
Robinsons Retail net income drops 30% to P4.1B in 2023 on FX losses
Robinsons Retail Holdings Inc. said Thursday net income last year dropped nearly 30 percent to P4.1 billion due to foreign exchange losses resulting from the peso's appreciation and a loss of equalized earnings with the derecognition of Robinsons Bank’s net income following the bank's merger with the Bank of Philippine Islands, and losses from start-up investments.
Stocks, yields slide as Fed signals no rate cut soon
Treasury yields and a gauge of global equities fell sharply after the Federal Reserve left interest rates unchanged as expected on Wednesday but indicated it would not reduce them until inflation was "moving sustainably" towards its 2 percent target.
Competition agency clears Aboitiz Equity acquisition of Coca-Cola Bottlers
The Philippine Competition Commission has given the green light for Aboitiz Equity Ventures Inc. to proceed with the acquisition of beverage maker Coca-Cola Beverages Philippines Inc.
