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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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URC expands potato trials to lift farmer incomes

Agriculture 0
Potato farmers in Benguet are testing seven new varieties alongside the familiar Granola in a bid to raise productivity, widen planting options and strengthen the commercial viability of one of the Cordillera’s key vegetable crops.

Hawkish Fed, $100 oil keep peso, PSEi under pressure

Markets 0
The Philippine peso and stocks could remain volatile this week as a hawkish US Federal Reserve, crude oil prices above USD100 a barrel and heightened Middle East tensions keep investors cautious.

DA indefinitely suspends raw ube exports to secure planting materials

Agriculture 0
The Department of Agriculture (DA) has indefinitely suspended exports of fresh purple yam, or ube, to shore up scarce planting material as the Philippines seeks to expand domestic production and turn the crop into a bigger export earner.

Mynt IPO likely to price below P10, analysts say

Top News 0
Mynt Inc., the company behind leading fintech platform GCash, may see its upcoming initial public offering (IPO) priced below the stated P10 indicative level, according to market analysts.

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