RE play comes to the stock mar­ket

While the coro­n­avirus pan­demic dragged down the do­mes­tic econ­omy to its worst re­ces­sion in his­tory last year, hurt­ing prof­itabil­ity of many com­pa­nies, there was one com­pany that de­fied grav­ity in the stock mar­ket. The main-share Philip­pine Stock Ex­change in­dex (PSEi) shed 8.64 per­cent last year, but the stock price of this com­pany soared by 304…

lottery balls

Rivals-turned-partners Pacific Online and PGMC win P5.8-B lotto deal

The joint venture of Pacific Online Systems Corp. and Philippine Gaming Management Corp. (PGMC) bagged a much-coveted nationwide lottery equipment lease deal with the Philippine Charity Sweepstakes Office (PCSO) valued at P5.8 billion. Pacific Online disclosed to the Philippine Stock Exchange on Monday that its joint venture with PGMC has formally received the notice of…

fiber optic wires

Converge secures P5-B loan from Landbank in bid for nationwide reach

Converge ICT Solutions Inc. sealed a P5-billion loan deal with state-owned Land Bank of the Philippines to fund its nationwide fiber internet rollout. Pampanga-based businessman and Converge CEO Dennis Anthony Uy said on Friday this would also allow the company to expand its presence in “unserved and underserved” areas in the Philippines. According to Converge,…

PH lags in global push for renewables

The Philippines has been slow to action and way behind its commitments to global initiatives on reducing or avoiding gas emissions harmful to the environment, despite the existence of many laws seeking to promote the use of renewable energy sources. Instead of attracting investors in power projects run by nonfossil fuels, the current regulatory environment…

bicycle lane in red

SMC Bulacan ‘aerocity’ to have bike highways integrated with train system

San Miguel Corp.’s (SMC) P740-billion airport and mixed use development being built in Bulacan will incorporate sustainable and environmentally friendly features that will address the shortcomings of current urban centers, including a proposal to integrate a “bicycle highway” with a train system. Thus said company president Ramon Ang, who on Tuesday said the country’s largest…