The Market Monitor Minding the Nation's Business
The Caltex brand of US oil giant Chevron has reformulated its signature additive package with the addition of a new Clean & Glide technology.
Read More »Caltex bolsters additive package
Companies
Laying EGGs to boost countryside education
A self-contained classroom, aptly named EGG, will be sent to remote areas through a partnership between the Department of Education (DepEd) and Microsoft Philippines.
Read More »Tender offer on Vega deal to result in LBI delisting
By Riza Lozada To comply with market regulators’ requirements on a P70-billion megadeal, listed Liberty Telecoms Inc. (LIB) will voluntarily delist from the stock market, as its shares will be the subject of a tender offer.
Read More »SM Prime readies P94-B reclamation development
Listed property giant SM Prime Holdings Inc. will start with the development of its P94 billion reclamation project in the cities of Pasay and Parañaque with a combined size of 600 hectares after getting approval from the next administration.
Read More »Bloomberry unloads South Korean casino unit for P4.8B
Bloomberry Resorts Corp., the listed developer and operator of Solaire Resort and Casino, has signed a deal to sell its controlling stake in its hotel and casino in South Korea’s Jeju Island for about P4.76 billion.
Read More »Regulator okays P20-B Ayala Corp. fixed-rate bonds float
The Securities and Exchange Commission (SEC) has approved the P20-billion fixed rate bonds offering of conglomerate Ayala Corp. under its debt securities program.
Read More »NTC to bid out more bandwidth for telcos
By Riza Lozada Government regulator National Telecommunications Commission (NTC) plans to bid out new frequencies for broadband Internet on the heels of the recent mega deal in which telecommunications giants Globe Telecom and Philippine Long Distance Telephone Co. (PLDT) bought San Miguel Corp. (SMC) unit Vega Telecom Inc. for P70 billion to primarily access the 700 megahertz (MHz) band allocated …
Read More »ERC okays P15.5-B Meralco 2016 capex
Dominant power distributor Manila Electric Co. (Meralco) has obtained Energy Regulatory Commission (ERC) approval for its P15.5 billion capital expenditures for this year, the company reported to the Securities & Exchange Commission (SEC).
Read More »Globe calls for govt help in upgrade bid
Globe Telecom has sought government help to develop broadband access in the Philippines by investing in internet infrastructure in rural and far-flung areas if the country hopes to achieve its economic development goals and social inclusion of all communities.
Read More »20 Girlstown students benefit from SM scholarship grants
The philanthropic arm of the SM group, SM Foundation, has added more scholars under its wings as it sponsors 20 Grades 7 to 12 students at the Sisters of Mary School Girlstown in Bo. Biga, Silang Cavite, one of the campuses of the Sisters of Mary Schools in the Philippines, while SM Foundation chairman Harley Sy added 20 more students …
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