By Riza Lozada The country will eventually be using equal amounts of renewable energy, natural gas and coal by 2030, according to an energy-diversification plan of the Department of Energy (DOE).
Read More »SEC decision on financial statement audits hailed
By Luis Leoncio The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest trade group, has lauded the Securities and Exchange Commission’s (SEC) recent decision not to amend its Securities Regulation Code (SRC) 68 on existing regulations in accepting audited financial statements.
Read More »Top shareholders move to shore up RCBC stock
By Riza Lozada The backlash of the cyber heist on Rizal Commercial Banking Corp. (RCBC), where the $81 million stolen from Bangladesh’s central bank was believed to have been deposited, has badly hurt the share prices of the local bank, prompting its owners to shore up its stock.
Read More »8990 ahead of schedule in Urban Deca development
Mass-housing developer 8990 Holdings’s first high-rise condominium, the 42-story Urban Deca Tower along Edsa in Mandaluyong City, is now on its 30th floor and is 70 days ahead of schedule and with 48 percent of the project sold out, the company reported to the bourse.
Read More »RHI says share price in float at 10% discount
Listed conglomerate Roxas Holdings Inc. (RHI) said it will fix at a 10-percent discount of the average price of its common shares in the past 90 days the indicative price in its stock rights offer. RHI held last April 4 its executive committee (ExCom) regular meeting to decide on the indicative offer price of stock rights offering of 265,968,916 common …
Read More »Globe earmarks $750M for fiber optic rollout
Five years after its successful network modernization program that saw mobile data exploding in the Philippines, Globe Telecom embarks on another nationwide infrastructure program that would enhance the country’s Internet experience within homes and across businesses.
Read More »Megaworld profit up 10.6% to P10.39B for last year
Core profit of listed property developer Megaworld reached P10.39 billion in 2015, excluding a P18-million one-time gain, up 10.58 percent from the previous year’s P9.4 billion, excluding a P12.16-billion nonrecurring gain, the company reported to the bourse. Megaworld is growing its rental portfolio as it strives to maintain stronghold on being a top township developer. “We already have a strong …
Read More »The Kidapawan killings
The Kidapawan killings are iconic. They reveal the painful truth behind the hollow boast of resplendent, albeit non-inclusive and disembodied, gross domestic productivity growth.
Read More »The shrinking eggs benedict
As if change happens without warning, like the blinding brightness of an April sun, which had hit our table on the first celebration since those cooped-up, cold gray days, at a restaurant in our Vancouver neighborhood. When small comforts get compromised, even the shifting sky that in a seeming sleight of hand spotlights the paltry, turns into a culprit.
Read More »Pinoys have had enough of PNoy
Some 80 days before the future ex-President steps down from office, discussions regarding his legacy are rising to higher decibels.
Read More »
The Market Monitor Minding the Nation's Business