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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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PH, Egypt explore new trade openings, revive economic talks

Trade & Investments 0
The Philippines and Egypt are exploring new avenues for trade and investment cooperation, with discussions ranging from textile manufacturing opportunities using premium Egyptian cotton to the possible revival of a bilateral economic committee aimed at deepening commercial ties.

Mixed fuel price adjustments set this week; supply levels rise

Energy & Mining 0
The Department of Energy (DOE) announced mixed price adjustments for fuel this week. Gasoline may drop by as much as P1.70 per liter or rise by up to P0.30 per liter.

Nine advance in first review of PH offshore wind auction

Agriculture 0
The Department of Energy (DOE) has confirmed that nine companies have passed the initial evaluation for offshore wind projects under the fifth Green Energy Auction (GEA5), down from more than 20 original applicants.

Sectors push corn as bioethanol feedstock amid fuel, food trade-off

Agriculture 0
The Department of Agriculture (DA) has confirmed growing calls to amend Joint Administrative Order No. 2008-1, which limits approved bioethanol raw materials to only sugarcane and molasses, to include corn as an additional feedstock. The proposal remains under review and awaits final decision from the National Biofuels Board, with officials noting the move is being reconsidered amid an ongoing fuel crisis.

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