Companies

By Riza Lozada The rules for the setting up of microfinance non-governmental organizations (NGOs) has been released that, among other things, will provide such financing firms a low 2-percent preferential tax.

Enhancing the quality of locally manufactured electronic products is the target of an industry group to ramp up exports receipts of the country.

The Lopez group’s First Gen Corp. (First Gen) will start commercial operation of the 100-megawatt (MW) natural gas-fired power plant San Gabriel Avion in Batangas City.

Small-scale farming—which is mainly for a family’s sustenance, plus a little income from agricultural produce—does not get the same attention as commercial farming, but it has the best potential to eradicate hunger in the majority of Filipino families.

The Board of Investments (BOI) has signed a memorandum of agreement with local companies for the demonstration of the P550 million e-vehicles project of Japan’s New Energy and Industrial Technology Development Organization (NEDO).

The stock market index weakened more than any other regional stocks last month, completely erasing the rally that had taken place since President Duterte took office in June. 

The Panay Energy Development Corp. and the National Grid Corp. of the Philippines (NGCP) have completed the synchronization of PEDC’s new 150 MW coal fired power plant to the Visayas Grid last August 19 with connection to the NGCP substation in Sta. Barbara, Iloilo.

Ayala Corp. unit LiveIt Investments Limited (LiveIt) has divested its 58.71 percent share in Integreon Managed Solutions Inc. (Integreon Inc.), a global provider of legal support, research and business services to law firms, financial institutions and corporations. 

Phinma Energy Corp. will use a new ticker symbol at the Philippine Stock Exchange (PSE). 

Officials of International Container Terminal Services, Inc. (ICTSI), NYK Auto Logistics Philippines (NALP) and other project partners recently led the ground breaking ceremony on NYK’s pre-delivery inspection and storage facility located at ICTSI-owned land in Barangay Niugan, Cabuyao Laguna.