Companies

By Riza Lozada Uncertainties on policies that the US government will implement under US President Donald Trump and the dovish statement by Federal Reserve chairperson Janet Yellen, led to mixed results for the Philippine peso and the local bourse.

The Manila International Container Terminal (MICT), listed International Container Terminal Services Inc.’s (ICTSI) flagship operation and the country’s largest, most technologically advanced container terminal, capped 2016 with a milestone as it reached its first year-to-date 2 million TEU moves last December.

Gross revenues of companies in the first nine months of last year grew by 6.8 percent, consistent with the growth in the economy of almost the same rate, a Philippine Statistics Authority (PSA) report showed.

Conglomerate Phinma Corp started the year marking its 60th anniversary celebration by recognizing its employees last January 18 as part of a year-long celebration. The event entitled “Phinma honors its own” recognized men and women within Phinma, who on their own time, exemplified the company’s mission of making Filipino lives better. Tokens were given to employees including those who work …

By Riza Lozada Better relations with China and the recov­ery of the country’s stainless industry, along with the production cutback in some nickel ore producing regions present an opportunity for the lo­cal nickel ore mining indus­try to cash in on improved nickel ore prices in the world markets this 2017, listed firm Nickel Asia Corp. said.

Robinsons Retail Hold­ings Inc.’s (RRHI) reported its net income increased by 11.1 percent to P3.3 billion for the first nine month of last year from P2.97 billion a year ago.

Fuel distributor Phoenix Pe­troleum Philippines Inc. (PNX) has tapped Globe Business, the corporate information and communications technolo­gy arm of Globe Telecom, for the use of G Suite to maximize business efficiency.

Ayala Corp. unit AC Energy Holdings Inc. (AC Energy) signed investment agree­ments with UPC Renewables Indonesia Ltd for the develop­ment, construction, and oper­ation of a 75-megawatt (MW) wind farm project in Sidrap, South Sulawesi, Indonesia.

By Riza Lozada  The Securities and Exchange Commission (SEC) has approved the P2- billion special block sale of common shares held by businessman Roberto V. Ongpin (RVO) in Philweb Corp. to Gregorio Araneta Incorporated (GAI) that puts into motion a tender offer of the shares are required by the bourse. 

Listed mining firm Global Ferronickel Holdings, Inc (FNI) unit Platinum Group Metals Corp (PGMC) recently signed a supply contract for the delivery of a total of 2 million wet metric tons of nickel ore to Guangdong Century Tsingshan Nickel Industry Co Ltd at spot price for the 2017 mining season, FNI reported to the bourse.