The state-run pension fund Social Security System (SSS) may finally push through with its planned offshore investments next year once it’s no longer pressured to disburse more benefits to members and pensioners badly hit by the COVID-19 pandemic. “Right now, we are trying to study the environment. Definitely, we’re looking at global bonds, global equities,…
Philippine food and beverage makers Century Pacific Food Inc. (CNPF) and RFM Corp. landed on Forbes Asia magazine’s “2021 Best Under A Billion” list of 200 top-performing publicly listed small and mid-sized companies in the Asia-Pacific region. The roster highlights companies with less than $1 billion in revenues and consistent in terms of top- and…
The ongoing public health crisis has made more Filipinos aware of the need for insurance, and among the companies benefiting from that heightened awareness is Pru Life UK, which was ranked by the Insurance Commission as the country’s leading life insurer in terms of New Business Annual Premium Equivalent (NBAPE), the only company to see…
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…
DUMAGUETE CITY—Despite the gloom brought about by the prolonged COVID-19 pandemic, investors remained optimistic about Davao region’s path towards development. Local businessmen recently launched , which seeks to showcase the region’s innovations in learning, real estate, tourism, and agri-business, positioning it as an investment partner for industry leaders in and outside the country. During the…
The shift to more targeted lockdowns and the plan to ramp up mass vaccination will augur well for the Philippines’ economic recovery, which think tank Moody’s Analytics on Thursday said had been slowed down by prior missteps in pandemic response. “The Philippines is beginning to take a more integrated approach to managing the economic impact…
Apollo Global Capital, Inc. (APL) has raised from its recently concluded follow-on offering (FOO) as it prepares for its offshore mining project in Cagayan, the first of its kind in the country. In a press statement, APL said the funds would be used mainly for the procurement of equipment and insurance for its magnetite iron…
Semirara Mining and Power Corp. (SMPC) has turned over close to in royalty payment to the Department of Energy for the second quarter, which the coal and electricity producer said was the highest ever in its history. SMPC said in a statement the record-high amount was generated after recognizing P14.8 billion in revenue on the…
The extent of this pandemic and its harrowing impact might have been underestimated when it first hit the country. Most of us likely thought that it won’t be a big deal and we’ll just continue on with our weekend dinners and vacation plans. At Globe, we made the right decision not to take it lightly—we…
AC Energy Corp. (Acen) is boosting its solar energy portfolio by at least 863 megawatts, cuing funds to pursue its own projects while entering into a new partnership to develop other sites. The Ayala group’s power generation unit said its executive committee has approved an expenditure kitty related to a proposed 288-MW new solar project…