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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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Tamban oversupply in Sorsogon resolved after Holy Week plant closures

Agriculture 0
The Bureau of Fisheries and Aquatic Resources (BFAR) said the recent spoilage of tamban (sardines) in Bulan, Sorsogon has been resolved after fish processing plants resumed operations.

Meralco backs transparent bidding for partnerships with electric cooperatives

Energy & Mining 0
The Manila Electric Co. (Meralco) said it supports using a competitive selection process, or public bidding, when choosing private sector partners for electric cooperatives (ECs).

DA eyes P50/kg price cap on imported rice by end-April

Agriculture 0
The Department of Agriculture (DA) said a price cap on imported rice may be in place by the end of April.

Power prices in spot market rise 23% in March — IEMOP

Energy & Mining 0
Electricity prices in the country’s spot market increased sharply in March, driven by tighter supply and higher demand, according to the Independent Electricity Market Operator of the Philippines (IEMOP).

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