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San Miguel raises P13B via preferred shares sale

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

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 

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

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

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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DOE assures stable power supply in Catanduanes

The Department of Energy (DOE) said the government is taking immediate steps to ensure a steady power supply in Catanduanes amid ongoing challenges faced by local power provider Sunwest Water and Electric Co. (Suweco).

Tanduay strikes back with genre-spanning concert tour

After a long encore break, Tanduay is tuning up for a high-volume return to the live music circuit—this time with a broader sound and a wider map.

Possible endemic goby species found in CamSur lake — DA

The Department of Agriculture (DA) said researchers have identified a small goby fish in Lake Bato, Camarines Sur that may be endemic, or found only in that area.

ACEN studying options to raise funds for renewable energy expansion

Energy company ACEN Corp. said it is considering several ways to raise additional capital within the next 6 to 12 months to support its renewable energy (RE) projects.

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