Ayala Group inks power plant deal with Marubeni unit
The Ayala group through AC Energy Philippines Inc. (ACEPH) has signed a shareholders’ agreement with a unit of Marubeni Corp. related to a joint venture for a 150-megawatt diesel-fired power…
SM group raising funds via 18-month debt note issuance
The country’s largest conglomerate, SM Investments Corp. (SMIC), is raising P5.6 billion through the issuance of debt notes to selected institutional investors. The 18-month fixed-rate notes were priced to yield…
Group seeks release of P1.4B in farm credit fund
The Federation of Free Farmers (FFF) urged the Department of Budget and Management (DBM) on Friday to immediately release the remaining funds under the Agricultural Competitiveness Enhancement Fund (ACEF) to…
Group renews call for stricter inspection of agri products amid new swine flu
Inquirer file photo MANILA, Philippines–An umbrella organization for agricultural stakeholders renewed its call on the Department of Agriculture (DA) to implement the First Border Policy as a new strain of…
LT Group cautious amid looming economic recession
LUCIO Tan Tycoon Lucio Tan-led conglomerate LT Group Inc. (LTG) is bracing for a tougher period for its tobacco, liquor, property and banking businesses for the remainder of 2020, during…
Bankers group vouches for integrity of PH banks
The Philippine financial system is “sound” and “very strict” rules are in place when it comes to the issuance of bank certifications, the Bankers Association of the Philippines (BAP) assured…
Max’s Group unprofitable in Q1
Leading local casual dining chain Max’s Group Inc. (MGI) turned unprofitable in the first quarter due to to disruptions caused by the coronavirus (COVID-19) pandemic, prompting the group to streamline…
Group backs Open Access bill: Time to liberalize ICT industry
Internet advocates are urging lawmakers to move forward with a bill that will help spur the development of new information and communication technology (ICT) infrastructure that will pave the way…
Aboitiz group moves to help stimulate economic activity
The Aboitiz group has vowed to sustain the economic “lifeline” extended to customers and partners in its eco-system even if the government started easing lockdown protocols in Metro Manila and…
Create, as it is, is ‘inequitable, inefficient,’ says economists’ group
A group of economists and professors from three of the country’s biggest universities expressed opposition to the current version of the proposed Corporate Recovery and Tax Incentives for Enterprises (Create)…