Corporate

The Philippine Competition Commission (PCC) has cleared the proposed sale by the Power Sector Assets and Liabilities Management (PSALM) Corporation of the Caliraya, Botocan, and Kalayaan pumped storage power plants to Cleanergy 9 Power Inc., an Aboitiz Group unit—subject to binding safeguards to protect competition in the Luzon power market.

Jollibee Foods Corporation (JFC) is sharpening its logistics edge in the Visayas and Mindanao with the opening of a new food commissary in Guinsay, Danao City, Cebu—an investment that underscores the company’s long-term growth strategy and confidence in regional demand.

The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of La Union Electric Co. Inc. (LUECO), making it the second company to register under the regulator’s streamlined rules for power generation and electricity service providers.

The Securities and Exchange Commission (SEC) has warned the public against engaging with Exness Global Ltd., the Exness Global Trading App, and HF Markets (HFM) for allegedly soliciting investments without the required registration in the Philippines.

Philippine National Bank (PNB) has donated 70 desktops and 20 laptops to St. Teresita’s Academy of Aritao, helping students—many from farming families—access digital learning. The turnover, held during PNB’s Christmas Tree Lighting, was facilitated by the Tan Yan Kee Foundation. PNB said the initiative supports education, sustainability, and nation-building, continuing its practice of donating refurbished devices to schools nationwide since 2019.