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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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GCash parent Mynt sets IPO price at P6.60/share; could raise up to P60.9B

Corporate 0
Mynt Inc., the parent firm of leading digital wallet GCash, has fixed its final offer price for the initial public offering (IPO) at P6.60 per common share.

Cesar Virata leaves a legacy of service 

Obituary 0
Former Prime Minister and Finance Minister Cesar E.A. Virata, a towering figure in Philippine economic life whose career spanned government, academe and business, died Friday of natural causes at 95, his family announced.

PLDT secures full ownership of Radius Telecoms

Corporate 0
PLDT Inc. on Friday announced completing the purchase of the remaining 65.1 percent stake in Radius Telecoms Inc. and taking full control of the connectivity provider. With the deal finalized, PLDT now holds 100 percent of all issued and outstanding shares of Radius.

ICTSI’s Rijeka terminal reaches 4M TEU milestone

Transport & Logistics 0
International Container Terminal Services Inc. (ICTSI) has handled four million twenty-foot equivalent units (TEUs) at its Adriatic Gate Container Terminal (AGCT) in Croatia since taking over operations in 2011, underscoring the Port of Rijeka’s growing role as a gateway to Central and Southeast Europe.

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