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San Miguel raises P13B via preferred shares sale

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San Miguel Corp. said Thursday it raised nearly P13 billion from the private placement of 173.3 million series 2-M preferred shares.

PSALM eyes cutting inherited burden by yearend

Energy & Mining Context.ph Context.ph -
The Power Sector Assets and Liabilities Management Corp. (PSALM) looks to cut its financial obligations to P306.6 billion by the end of the year. Dennis...

Ayala sells majority stake in German auto parts maker 

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Ayala Corp. on Tuesday bared selling its majority stake in the German auto parts maker MT Technologies GmbH and focus on its core businesses of real...

Globe bares sharp drop in scam messages

Transport & Logistics Context.ph Context.ph -
Globe Telecom Inc. on Tuesday reported a 46 percent drop in bank-related scam and spam messages in its network in the first half this...

ERC formally asks Congress to suspend listing rule covering small RE players

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The Energy Regulatory Commission (ERC) is asking lawmakers to consider suspending the mandatory listing of energy companies at the local bourse to encourage the entry of more renewable energy (RE) companies.
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OGP says Didipio mine life extended to 2037

Energy & Mining 0
OceanaGold (Philippines) Inc. (OGP) said its updated technical reports show that the Didipio gold and copper mine will operate until 2037.

ABS-CBN rejects anew alleged audit claims

Corporate 0
ABS-CBN Corp., once the country’s largest broadcast network, on Monday dismissed anew claims of unresolved audit issues and firmly rejected reports that a proposed P2-billion capital infusion would be used for directors’ payouts, seeking to distance itself from a boardroom dispute within Lopez Inc., the company owned by its major shareholders.

Gov’t pushes urgent carpooling plan as fuel prices surge

Transport & Logistics 0
The government is planning to launch a carpooling program to help reduce transportation costs and traffic congestion amid rising fuel prices caused by tensions in the Middle East.

DA steps up onion purchases in Mindoro to shield farmers and consumers against price swings

Agriculture 0
The Department of Agriculture (DA), through its state-run Food Terminal Inc. (FTI), has launched a major intervention in Occidental Mindoro, ramping up purchases of onions to stabilize farm prices and avert supply shocks.

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