In order to support the expansion of solar energy in the Philippines, PetroGreen Energy Corporation, a subsidiary of publicly traded PetroEnergy Resources Corporation, a member of the Yuchengco Group of Companies, and Trina Solar, a leader in smart PV and energy storage solutions globally, signed a master supply agreement (MSA).
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Haus Talk, Inc. (HTI) succeeded the groundbreaking ceremonies for two new projects in Antipolo City that are adjacent to one another, marking a significant step toward addressing the region's need for affordable housing. Antipolo is the cornerstone of HTI's development success, as it has solidified its base and acquired important knowledge about homeowner wants.
China Banking Corporation Announced P5.9 Billion in Record Cash Dividends, an Increase of 16%4/20/2024 China Banking Corporation (Chinabank) announced that its Board of Directors declared a P1.20 per share regular cash dividend and an additional P1.00 per share special cash dividend, which will be paid on May 16, 2024, to all stockholders on record as of May 3, 2024. The regular cash dividend increased by 20% from P1.00 per share the previous year.
Basic Energy Corporation and its prestigious partner, RENOVA Inc., signed a Joint Development & Shareholders Agreement (JDSHA), marking a major milestone in the company's renewable energy activities. This significant agreement solidifies the two businesses' strategic partnership and marks a significant advancement in the Mabini Wind Power Project's development.
A Memorandum of Agreement was signed with Balai ni Fruitas Inc., a well-known counter-service bakery operator in the Philippines, to purchase the 40-year-old legacy brand and other assets associated with the Sugarhouse business.
One of the world's largest coconut water brands, Vita Coco, and Axelum Resources Corp., the country's top fully integrated manufacturer and exporter of premium coconut goods, inked a multi-year agreement. With this contract renewal, two industry leaders who are well-positioned to profit from the steady growth of the global coconut water market in the upcoming years have formalized their strategic relationship.
D&L Industries is leading the way in the Philippines towards a circular economy through its subsidiaries, First in Colours, Incorporated (FIC) and D&L Polymer & Colours, Inc. (DLPC). The company is the first to offer technologies that revitalize plastics that are typically deemed low-value or non-recyclable, like single-use plastics.
Megaworld Corporation Completes Secondary Share Sale of 40.65 Million MREIT, Inc. Common Shares4/19/2024 The Board of Directors of Megaworld Corporation (Megaworld or MEG), the township developer, notifies MREIT, Inc., its REIT subsidiary, that the sale of 40.65 million common shares in MREIT through a block sale transaction has been approved.
Hotel 101 Global Pte. Ltd. (Hotel101 Global), in partnership with renowned engineering firms Kamita Sekkei and Technocrew, and with Iwata Chizaki Inc., the project's contractor, agrees to build the ecologically conscious Hotel101-Niseko. This project solidifies the partners' shared goal of developing a property that not only satisfies eco-efficient operational requirements but also establishes a standard for sustainability in this region.
BDO Unibank, Inc. earned P18.5 billion in the first quarter of 2024 due to the continued strength of its core businesses, up 12% from the same period last year. This yielded an annualized Return on Common Equity (ROCE) of 14.3% in the first quarter of 2024.
Gotianun-led EastWest Bank (EW) made exceptional development once more, reporting its financial results for 2023 and highlighting a good performance with a net income of P6.1 billion, a 32% increase over the previous year. This expansion has been fueled primarily by significant consumer loan growth and good deposit generation, with the bank's return on equity (ROE) reaching 9.5%.
The Board of Directors of BDO Unibank, Inc. (BDO), at its special meeting on April 19, 2024, approved the increase in cash dividends and the declaration of property dividends.
The Securities and Exchange Commission (SEC) has imposed fines totaling more than P560 million on Abra Mining & Industrial Corporation (AR), its directors, officers, transfer agent and certain stockholders for the unauthorized and fraudulent trading of unissued and unlisted shares from 2015 to 2019.
Fruitas Holdings, Inc. Completes the Maiden Private Placement of P200 Million Corporate Notes4/17/2024 On April 16, 2024, Fruitas Holdings, Inc., the industry leader in operating multi-format food and beverage establishments and a company listed on the Philippine Stock Exchange under the ticker symbol FRUIT, successfully concluded its first private placement of P200 million corporate notes, which was arranged by RCBC Capital Corporation.
Up to 19 million tons of carbon dioxide (CO2) emissions could be prevented by the first Coal to Clean Credit Initiative (CCCI) pilot project being considered in the Philippines, according to a recent announcement made by ACEN Corporation and The Rockefeller Foundation.
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BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. PLACE YOUR ADS HERE FOLLOW ME ON FACEBOOK & X Categories
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