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San Miguel raises P13B via preferred shares sale

Corporate Context.ph Context.ph -
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 

Corporate Context.ph Context.ph -
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

Top News Context.ph Context.ph -
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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Luzon corridor puts $20-B project pipeline before investors

Economy 0
The Philippines put more than USD20 billion worth of infrastructure and industrial projects before about 600 local and foreign investors, seeking to turn the Luzon Economic Corridor (LEC) from a development blueprint into a pipeline of fundable deals.

Tiu Laurel urges ASEAN-India cooperation on food security risks

Agriculture 0
Agriculture Secretary Francisco P. Tiu Laurel Jr. called for stronger ASEAN-India collaboration Wednesday at the Ninth ASEAN-India Ministerial Meeting on Agriculture and Forestry, warning that geopolitical tensions, climate shocks, and volatile farm input costs threaten regional food supplies.

Luzon, Visayas co-ops seal 15-year power supply deals

Energy & Mining 0
Twenty-nine Luzon and Visayas electric cooperatives have secured long-term power supply agreements (PSAs) with six generation firms, ensuring stable electricity for millions, the National Electrification Administration (NEA) announced Thursday.

Meralco cites PNP support in curbing electricity theft

Energy & Mining 0
Manuel V. Pangilinan-led Manila Electric Company (Meralco) has recognized the Philippine National Police’s (PNP) support in addressing electricity theft as it pledged to sustain efforts to reduce system losses, particularly non-technical losses arising from illegal connections and power pilferage.

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