Philippine Stock Exchange has approved the application of Philippine Realty and Holdings Corporation for the additional listing of common shares issued through a property-for-share swap deal.
DFNN Inc. shareholders have approved a substantial increase in authorized capital stock, alongside plans to issue preferred shares and list them on the Philippine Stock Exchange, in a move that signals a potential expansion phase for the firm.
Asian Terminals, Inc. is set to exit the stock market on April 3 after securing regulatory approval for its voluntary delisting, following a successful tender offer that effectively consolidated ownership under its key shareholders.
Philippine Infradev Holdings Inc. has declined to provide further details on its reported settlement with the Makati City government over the scrapped subway project, citing strict confidentiality rules imposed by an arbitral tribunal in Singapore.
Global markets are taking a step back—not because of panic, but caution. Investors are reducing risk as they navigate uncertainty around inflation, interest rates, and global tensions.
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.