Companies

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BASIC Energy Corporation (Basic Energy) signed a memorandum of agreement (MOA) with Vintage Engineering Public Company Limited (VTE) of Thailand on October 5 for a strategic partnership to pursue the exploration, development, and production of renewable energy resources in the Philippines and abroad. The company told the Philippine Stock Exchange…

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LISTED International Container Terminal Services Inc. (ICTSI) has set a minimum yield of 4.875 percent per year on the new securities that will be issued by its unit Royal Capital B.V., the company said on Wednesday. The bond offer is part of the company’s debt management initiatives. In a disclosure…

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THE local market ended lower on Thursday on continued profit-taking due to a lack of positive catalysts for investors. The Philippine Stock Exchange index (PSEi) declined by 0.26 percent or 19.63 points to 7,620.16, while the wider All Shares index decreased by 0.22 percent or 9.76 points to 4,521.90. “Philippine…

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BAYOMBONG, Nueva Vizcaya: The Mines and Geosciences Bureau (MGB) in Region 2 said the large-scale mining project of British FCF Minerals Corporation in the province is scheduled to operate commercially before the end of this year after it has complied with the necessary corrective measures. Mario Ancheta, MGB-Region 2 director,…

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Australia-based 3C Enterprise Wireless Pty Ltd (3C Wireless) is aiming to enable banks to reach out to unbanked areas of the Philippines by providing wireless communication technology to automated teller machines (ATM), the company revealed in a presentation Wednesday. In a media briefing, 3C introduced its 3C Secure Network platform,…

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MANILA Water Company, Inc. (Manila Water), through its wholly owned subsidiary Manila Water Philippine Ventures, Inc. (MWPV), signed on Wednesday a P4 billion loan deal with Security Bank Corporation and Metropolitan Bank and Trust Company. The company told the Philippine Stock Exchange (PSE) on Wednesday that MWPV’s maiden loan of…

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AYALA-LED telecommunications firm Globe Telecom Inc. is partly financing its capital spending program for this year with a term loan from Union Bank of the Philippines (UnionBank). In a disclosure to the Philippine Stock Exchange on Friday, Globe said it signed a 10-year term loan facility worth P7 billion with…

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LISTED semiconductor manufacturer Phoenix Semiconductor Philippines Corp. (PSPC) is set to start construction of its Phase 2 semiconductor manufacturing and assembly facilities at the Clark Freeport in Pampanga to meet strong demand. In a disclosure to the stock exchange on Friday, PSPC said it recently signed a project management agreement…

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SYKES, of the pioneers in the business process outsourcing (BPO) industry in the Philippines, unveiled its newest facility at Ayala’s ATC Corporate Center in Alabang, Muntinlupa on Thursday. This is Sykes’ first hub in southern Metro Manila and their sixth facility in the Philippines. “We are very excited with the…

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ALLIANCE Global Group Inc. (AGI), the conglomerate of businessman Andrew Tan, will be spending P150 billion in 2016 and 2017 to fund its expansion plans. At a press briefing after the company’s annual stockholders meeting on Thursday, AGI president Kingson Sian said bulk or “close to P100 billion” of the…

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