The latest
Energy & Mining
SMIC plans mining exit, Atlas stake transfer
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.
Energy & Mining
DOE finalizing Semirara Coal bidding rules; domestic supply, gov’t share among key changes
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.
Corporate
Monde Nissin core income rises 16% in first half on strong biscuits, new product sales
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.
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