• ‘Calata has sufficient funds to undertake tender offer’
    THE Philippine Stock Exchange (PSE) believes that delisted firm Calata Corp. has enough funds to undertake a tender offer. The delisted firm’s biggest shareholder—the family of company Chairman Joseph Calata—has claimed making a tender offer will drive the company to the ground. “I beg to differ on that because, when we looked at the unaudited […]
  • Pending hike on coal tax prompts Meralco unit to eye wind energy
    THE power-generation arm of Manila Electric Co. (Meralco) is “seriously” looking at venturing into wind energy amid an impending rise in coal taxes. “We’ve been asked to look at wind proposals,” Meralco PowerGen Corp. (MGen) CEO Rogelio Singson said. “When coal tax kicks in, wind will be competitive.” The two chambers of Congress recently agreed on a […]
  • PSE hopes to secure SEC’s nod on merging with PDS
    THE Philippine Stock Exchange Inc. (PSE) is still clinging to its hopes of getting regulators to approve its plan to merge with PDS Holdings Inc. before the year ends. The PSE is also rushing to comply with the ownership cap of stock brokers to get the nod of the Securities and Exchange Commission (SEC). “We […]
  • Isuzu Santa Rosa opens
    Isuzu Gencars President and CEO D. Edgard A. Cabangon (third from left) were joined by several business and government executives in the cutting of the ribbon during the grand opening of Isuzu Santa Rosa at the Tagaytay-Santa Rosa Road, Pulong Santa Cruz, Santa Rosa City, Laguna. They are, from left: Gencars Inc. Executive Vice President […]
  • Udenna spending P6B for Clark Global City devt
    UDENNA Corp. is spending P6 billion to develop infrastructure in Clark Global City, Clark Global City Corp. Vice Chairman Freddie Placino said. Placino said his group is spending the amount to build roads in the future Clark Global City, a 177-hectare real estate in Pampanga. “Investments on our side could reach roughly P6 billion for […]

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