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SMIC plans mining exit, Atlas stake transfer

Energy & Mining 0
SM Investments Corp. (SMIC) is preparing to exit the mining business, with plans to transfer its roughly 34-percent stake in listed Atlas Consolidated Mining and Development Corp. to another listed company within the group next year.

DOE finalizing Semirara Coal bidding rules; domestic supply, gov’t share among key changes

Energy & Mining 0
The Department of Energy (DOE) is still completing terms of reference for the new bidding to operate the Semirara coal resource in Antique, coordinating with the finance, economic planning, and environment departments to ensure proper review, Energy Secretary Sharon Garin said late Tuesday.

Monde Nissin core income rises 16% in first half on strong biscuits, new product sales

Corporate 0
Monde Nissin Corp. reported Wednesday that its core income climbed 16 percent to P5.49 billion in the first half of the year, up from P4.73 billion in the same period last year, driven by stronger sales of biscuits and other newer product lines.

SMIC sees retail growth as consumer spending holds

Corporate 0
SM Investments Corp. (SMIC) expects its retail business to...

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