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News
Argentina to file criminal charges against Navitas Petroleum over Falklands drilling
8+ hour, 20+ min ago (305+ words) BUENOS AIRES, Sept 8 (Reuters) - Argentina's government said on Monday it will file criminal charges against energy company Navitas Petroleum NVPTp.TA and its executives for operating in the Falkland Islands. The move follows remarks on Friday by Argentine President Javier…...
Manila Water offers free septic tank desludging in QC, Pasig, Marikina, Rizal
9+ hour, 4+ min ago (134+ words) Manila Water Co. Inc. will roll out septic tank desludging services across several cities and municipalities in its East Zone concession area this September as part of routine sanitation operations, the utility said on Tuesday. The service will cover residential…...
Trump's baffling Fed threat could be gift to Warsh
10+ hour, 32+ min ago (488+ words) Donald Trump's unfathomable link between U.S. interest rate policy and trade ties with America's biggest partners led to more head-scratching than market impact. Trump needed some good economic news. Just two months ahead of midterm congressional elections, his overall approval ratings…...
Shell Energy seals 15-year deal for another 120 MWp of Leyte solar power
12+ hour, 18+ min ago (185+ words) Shell Energy Philippines Inc. secured another 15-year power purchase agreement with Greenlight Renewables Holdings Inc., doubling its total offtake from a solar project in Leyte to 240 megawatt-peak. The agreement, signed with Greenlight unit San Isidro Solar Power Corp., covers the…...
DMW, DOLE hit by hackers
10+ hour, 22+ min ago (113+ words) Hackers broke into the Department of Migrant Workers' website and defaced a Department of Labor and Employment web host, forcing the government to take affected services offline. The Department of Information and Communications Technology (DICT) said the affected systems have…...
SMthing big is coming to Clark: Sy family secures 2.4-hectare site for P3.2B mixed-use development
17+ hour, 23+ min ago (139+ words) SM Prime Holdings Inc.'s property arm will invest ₱3.2 billion to develop a mixed-use project in Clark Freeport Zone, expanding the Sy-led group's footprint in the former U.S. military airbase in Pampanga. Premier Central Inc. signed an agreement with state-run…...
Cash-rich Vantage soars 49% after doubling buyback to P600M, still way below book value
11+ hour, 52+ min ago (401+ words) Vantage Equities Inc. rocketed 49 percent Tuesday after doubling its share buyback program to ₱600 million, but even the spectacular rally left the investment company trading at less than half the value of its net assets. Vantage surged 49.38 percent to ₱1.21 from 81 centavos,…...
Flood-control mess spills into PH banks as overdue construction loans double
16+ hour, 21+ min ago (393+ words) The fallout from the flood-control scandal is beginning to hit Philippine banks, with past-due construction loans doubling to 16.5% by June as suspended government projects and higher costs squeeze contractors, according to S&P Global Ratings. S&P said the suspension…...
Babbler scoop confirmed: Villar eyes sale of non-core malls, possible VistaREIT asset infusion
16+ hour, 30+ min ago (290+ words) Vista Land & Lifescapes Inc. is evaluating a strategic realignment of its commercial portfolio, weighing the sale of up to ₱15 billion in non-core shopping malls alongside potential asset injections into its real estate investment trust, VistaREIT Inc. Bilyonaryo’s Babbler first reported…...
Who protects the breadwinner? BDO Life urges ‘sandwich generation’ to have a Plan B
19+ hour, 29+ min ago (271+ words) BDO Life is urging Filipinos caught between supporting their children and aging parents to build a financial safety net, as more working adults juggle the needs of two generations while preparing for their own future. The insurer said life insurance…...