corporate news – Page 4

DoE suspends Semirara Mining’s Antique operations

November 20, 2019 admin antique, corporate news, Department of Energy, DOE, semirara island, semirara mining, semirara mining and power corp.

Credit to Author: Jordeene B. Lagare| Date: Wed, 20 Nov 2019 12:30:14 +0000

THE Department of Energy (DoE) has suspended the mining activities of Semirara Mining and Power Corp. (SMPC) on Semirara Island, Antique province after a mudslide there killed one person early last month. In a disclosure on Wednesday, the Consunji-led company said it received on Tuesday a letter from the DoE dated Nov. 14, 2019, directing the company to suspend these […]

Manila News Philippines

FNI to supply nickel ore to Chinese miner

November 20, 2019 admin baosteel resources international co., corporate news, fni, global ferronickel, Global Ferronickel Holdings Inc., nickel ore, platinum groups metal inc., supply contract

Credit to Author: Eireene Jairee Gomez| Date: Wed, 20 Nov 2019 12:00:14 +0000

LISTED Global Ferronickel Holdings Inc. (FNI) has secured a one-year contract to supply 1 million wet metric tons (WMT) of nickel ore to China’s Baosteel Resources International Co. Ltd. In a disclosure on Wednesday, the nickel exporter, which has been supplying nickel ore to several Chinese state-owned companies, said unit Platinum Group Metals Corp. (PGMC) signed the contract. […]

Manila News Philippines

NLEX Corp.: Expect smooth, secure traffic during SEA Games

November 20, 2019 admin corporate news, NLEX, nlex corp., North Luzon Expressway, sctex, SEA Games, sea games 2019, southeast asian games 2019, subic-clark-tarlac expressway

Credit to Author: Lisbet K. Esmael| Date: Wed, 20 Nov 2019 11:30:38 +0000

MOTORISTS using the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SCTEX) during this year’s Southeast Asian Games should expect traffic there to flow smoothly, according to their operator. In a statement, Pangilinan-led NLEX Corp. said it was ready for the expected uptick of traffic, particularly on November 30, the start of the regional sports event. […]

Manila News Philippines

AIA Philam Life to turn subsidiary into trust corporation

November 20, 2019 admin aia philam life, corporate news, insurance, insurance companies, philam asset management inc., philippine insurance

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 20 Nov 2019 11:00:10 +0000

INSURANCE company AIA Philam Life is set to turn its subsidiary into a trust corporation (TC) as it continues to innovate the way it conducts its business to provide customers with the right solutions to meet their individual protection and wellness needs. In a statement on Tuesday night, AIA Philam Life said the unit, Philam […]

Manila News Philippines

LRT-1 operator projects P400M in lost revenue yearly

November 19, 2019 admin corporate news, Light Rail Manila Corp., Light Rail Transit, lrt 1

Credit to Author: Lisbet K. Esmael| Date: Tue, 19 Nov 2019 15:00:58 +0000

THE Light Rail Manila Corp. (LRMC), operator of the Light Rail Transit Line 1 (LRT-1), said it was seeing P400 million in foregone revenue annually on account of delays in fare increases. On the sidelines of the launch of the ikotMNL mobile app on Tuesday, LRMC President and Chief Executive Officer Juan F. Alfonso said his […]

Manila News Philippines

PayMaya: Digital payments surge during ‘Singles’ Day’

November 19, 2019 admin 11.11 sale, corporate news, digital payments, Manuel V. Pangilinan, mvp, paymaya, PLDT, shopping, singles day, Voyager Innovations

Credit to Author: Lisbet K. Esmael| Date: Tue, 19 Nov 2019 14:30:14 +0000

PAYMAYA, the mobile wallet of PLDT Inc.-backed Voyager Innovations Inc., on Tuesday said digital payments made during its recent 11.11 sale climbed by almost fourfold from the payments posted last year. In a statement, PayMaya said the increased use of cards and digital payments that PayMaya processed during the November 11 sale, also dubbed “Singles’ […]

Manila News Philippines

IGTI to build 3 waste-to-energy plants worth $230M

November 15, 2019 admin corporate news, igti, intergrated green technology inc., waste-to-energy plants

Credit to Author: Jordeene B. Lagare| Date: Fri, 15 Nov 2019 11:30:12 +0000

INTEGRATED Green Technology Inc. (IGTI) is spending $230 million to construct three waste-to-energy (WTE) facilities in the country, its top official said on Friday. In an interview, IGTI Chief Executive Officer and President Michael Jimenez said two of the planned WTE plants would rise in Mactan and Aloguinsan in Cebu province and third in Umingan in […]

Manila News Philippines

7-Eleven operator’s 9-month income slips to P696M

November 15, 2019 admin 7-Eleven, corporate news, philippine seven corp.

Credit to Author: Tyrone Jasper C. Piad| Date: Fri, 15 Nov 2019 12:00:38 +0000

THE local operator of convenience-store chain 7-Eleven saw its net income in the first three quarters of 2019 drop to P695.9 million on account of the implementation of new accounting standards. In a disclosure on Friday, Philippine Seven Corp. said the amount was a 5.4-percent decrease from P735.3 million in the same period last year. It […]

Manila News Philippines

Banking, car sales drive GT income

November 14, 2019 admin corporate news

Credit to Author: Tyrone Jasper C. Piad| Date: Thu, 14 Nov 2019 16:22:09 +0000

GT Capital Holdings Inc. saw its consolidated net income soar by 40 percent in the first nine months from the robust performance of its banking and car segments. The Ty-led conglomerate, in a briefing on Thursday in Taguig, said its earnings for the period reached P15.3 billion, better than the previous year’s P10.9 billion. Consolidated […]

Manila News Philippines

EastWest 9-mo profit up 43% to P4.6B

November 11, 2019 admin corporate news

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 11 Nov 2019 16:46:00 +0000

LISTED East West Banking Corp. (EastWest Bank) is optimistic on its performance this year after posting a double-digit growth in net income for the January-to-September period. In a disclosure on Monday, the lender reported its net profit increased by 43.74 percent to P4.6 billion in January to September this year from the P3.2 billion during […]