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Heavy rains trigger landslides in Negros Oriental

2017-10-19 newsinfo.inquirer.net
What remains of the Taclobo overflow in Dumaguete City after being damaged by the debris from the landslide. INQUIRER photo / Violeto Romano (6-0)

Foreign fund inflows seen picking up

2017-10-14 philstar
MANILA, Philippines — Nomura Securities Ltd said foreign direct investment (FDI) inflows in the Philippines would continue to pick up in the near-term despite the decline in the first seven months of the year due to a large base effect. (12-0)

Stock price index closes at new record high

2017-10-13 business.inquirer.net
The local stock market yesterday reached a new high as investors deployed ample liquidity to buy property and banking stocks that track economic cycles. (25-0)

First Gen sets partial buyback of $300-M 10-year bonds

2017-10-13 philstar
MANILA, Philippines — Lopez-led First Gen Corp. is partially buying back its 10-year bonds listed at the Singapore Exchange Securities Trading Ltd. (SGX) to bring down its debt level. (16-0)

PSEi sets new high

2017-10-13 business.inquirer.net
The local stock market carved a new high on Friday as investors harnessed ample liquidity to gobble up property and banking stocks which track economic cycles. (25-0)

First Gen pares debt, retires bonds

2017-10-12 business.inquirer.net
First Gen Corp. has retired a portion of the $300 million worth of fixed-rate notes listed on the Singapore Exchange Securities Trading Ltd. (21-0)

EDC investment a ‘vote of confidence’ in Philippines — DOF

2017-10-06 philstar
MANILA, Philippines — The recently concluded P64.5 billion deal between the Energy Development Corp., (EDC) and a consortium of foreign fund managers signifies strong confidence in the path being taken by the Philippine economy, the Department of Finance (DOF) said. (11-0)

EDC takes in new partner

2017-10-03 business.inquirer.net
Energy Development Corp. is primed for “future growth” with the entry of new strategic partner Philippines Renewable Energy Holdings Corp. (PREHC) following the completion of a $1.3-billion tender offer, according to First Gen. Corp. (11-1)

First Gen retains majority voting interest in EDC

2017-10-02 philstar
MANILA, Philippines — Lopez-led First Gen Corp. will still retain a majority voting stake in Energy Development Corp. (EDC) even after its sale of a significant stake in the renewable energy firm to the consortium of investment fund managers under Macquarie Infrastructure and Real Assets (MIRA) and Arran Investment Pte Ltd of Singapore-based GIC. (11-1)

Stock index ends higher on late bargain-hunting

2017-09-27 business.inquirer.net
The benchmark Philippine Stock Exchange index (PSEi) managed to reverse course and close yesterday’s session with a gain on what an analyst attributed to last-minute bargain-hunting. (26-0)

Late bargain hunting props up share prices

2017-09-27 philstar
MANILA, Philippines — Share prices recovered yesterday after the main composite index made a last minute turnaround as investors decided to look for bargains just before the market closed. (11-0)

Stocks slip as investors continue to cash in on gains

2017-09-27 philstar
The benchmark Philippine Stock Exchange index (PSEi) plunged 74.59 points to settle at 8,170.14 while the broader All Shares index shed 30.79 points, or 0.63 percent, to end at 4,831.86. (11-0)

RRHI to join PSEi, replacing EDC

2017-09-26 business.inquirer.net
Gokongwei retailer Robinsons Retail Holdings Inc. is set to debut on the Philippine Stock Exchange index effective Sept. 28, replacing geothermal firm Energy Development Corp. (EDC). (11-0)

Philippines falls as EDC plummets; other SE Asian stocks little changed

2017-09-25 themalaymailonline
The Philippine stock index declined as much as 0.9 per cent in what could be its second straight session of falls. — Reuters picBENGALURU, Sept 25 — Philippine shares fell nearly 1 per cent today, dragged down by a sharp drop in renewable power producer Energy Development Corp (EDC), while most other South-east Asian stock markets were little changed in thin trade. (25-0)

Phinma Energy hauls PSALM to court

2017-09-13 philstar
MANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp. (PSALM) and its former president and chief executive Emmanuel Ledesma are facing civil cases at the Makati Regional Trial Court (RTC) for unduly scrapping Phinma Energy Corp.’s contract to administer strips of energy of the Unified Leyte geothermal power plants (ULGPP).

Phinma Energy sues PSALM, Ledesma

2017-09-13 bworldonline
PHINMA ENERGY Corp. on Wednesday sued state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) and its former president for damages relating to the termination of an administration agreement over geothermal power plants in Leyte.

EDC expects earnings slowdown in H2

2017-08-14 philstar
MANILA, Philippines - Energy Development Corp. (EDC), the renewable energy arm of the Lopez Group, expects a slight slowdown in earnings growth in the second half of the year following the 6.5-magnitude earthquake that damaged its Leyte geothermal power plants.

Breaking out is hard to do

2017-08-14 philstar
Our title may ring a familiar tune to some, especially to music aficionados. This is because the title of our article sounds very much like the title of Neil Sedaka’s hit song, “Breaking up is hard to do.” Actually, in this article, we shall discuss the PSEi’s repeated failure to stage a convincing breakout past 8,000. We shall also explain the reasons that may drive the PSEi’s decisive breakout above 8,000.

Duterte places Ormoc City, Kananga town under state of calamity

2017-08-10 newsinfo.inquirer.net
Cracks caused by the magnitude 6.5 earthquake on Thursday, July 6, 2017, are visible in Barangay Tongonan, Ormoc City in Leyte. On the background are steams coming from the geothermal power plants ran by the Energy Development Corp. (Photo courtesy of CATHY IG-AGAO PANGANIBAN)

PH shares rebound; EDC sizzles

2017-08-04 business.inquirer.net
The local stock barometer rebounded to the 7,900 level on Friday led by geothermal power producer Energy Development Corp. (EDC), which recently attracted a new investor group.

EDC share sale powers index recovery

2017-08-04 philstar
MANILA, Philippines - The stock market recovered yesterday, buoyed by the jump in share prices of the Lopez family’s Energy Development Corp. (EDC) and First Gen Corp. after announcing the sale of a stake in EDC.

PSEi climbs to 7,900 as EDC sizzles

2017-08-04 business.inquirer.net
The local stock barometer rebounded to the 7,900 level on Friday led by geothermal power producer Energy Development Corp. which attracted a new investor group.

S-E Asia stocks mostly up ahead of US non-farm payroll data

2017-08-04 themalaymailonline
The Philippine Stock Exchange PSEI Index rose as much as 1.1 per cent and was headed for a second straight session of gains. — Reuters picSINGAPORE, Aug 4 — Most South-east Asian stock markets edged up today ahead of US non-farm payroll data for July, with Philippine shares leading the rise on the back of gains in Energy Development Corp and its parent company, First Gen Corp.

First Gen sells 31.5% of EDC

2017-08-03 philstar
Lopez-led First Gen Corp. is selling up to 31.5 percent of subsidiary Energy Development Corp. (EDC) to the consortium of investment fund managers managed by Macquarie Infrastructure and Real Assets (MIRA) and Arran Investment Pte Ltd of Singapore-based GIC for P64.5 billion. Photo taken from First Gen Corp. Facebook page

Deals of the day-Mergers and acquisitions

2017-08-03 reuters
Aug 3 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1400 GMT on Thursday: