PXP Energy Cuts Its Losses to P26.3 Million

MANILA, Philippines – PXP Energy, a Pangilinan-led petroleum company, cuts its losses to P26.3 million. The nine-month financial health report of PXP Energy, formerly known as Philex Petroleum Corporation, showed that its losses shifted from P65.9 million last year to P26.3...

U.S. Stocks Fall and Bonds Rise After Clinton Probe

Following United States FBI announcement of opening Hillary Clinton’s case on using unauthorized e-mail server, stocks fell with Mexican peso. FBI announced the reopening of investigation while looking into former Representative Anthony Weiner’s illicit messages. The...

New Mac Services, Possible Apple Growth

Apple Inc. reveals a series of new macs, which the giant sees as driving factor for growth and increased margins. At the computer giant’s headquarters in Cupertino, California, new computer monitor and MacBook Pro laptops were presented in a press conference. Apple claimed...

Megawide Sells Treasury Shares of P2.23 Billion

MANILA, Philippines – Megawide Construction Corp. sold its treasury sales valued at P2.23 billion, which include shares acquired from Henry Sy, Sr. Megawide’s board approved the selling of its shares from yesterday’s (October 28, 2016) closing price of P15.64....

SSS Looks Into Toll Roads as Revenue Source

MANILA, Philippines – Social Security System (SSS) looks into toll roads as source of revenue by using pension funds as financial support. The new SSS Chairman, Amado Valdez, stated that 25 to 35 percent of financing tolls roads should come from the pension fund. Despite...

San Miguel to Proceed With Davao Coal Plant

MANILA, Philippines – San Miguel Consolidated Power Corp. (SMCPC) can now proceed with Davao del Sur power plant project after getting financial closure. Green light for the Davao del Sur power plant project was provided after the power corporation’s five Mindanao...

PH-Japan Meeting Includes Sea Dispute Resolution

MANILA, Philippines – Philippines and Japan agreed to a resolution on sea dispute by advancing a rules-based regime, claimed by President Duterte last Thursday night. Chinese Coast Guard departed Scaborough or Panatag Shoal after a few days following President’s...

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