Company Overview and News

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Bargain hunt makes PSEi bounce back above 7,000

2018-10-12 bworldonline
THE MAIN INDEX clawed its way back above the 7,000 mark on Friday from Thursday’s worst year-to-date finish on bargain hunting and signs that Sino-US trade tensions could ease.
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PSA opts for competitive bidding for National ID system

2018-10-05 bworldonline
THE government will pursue competitive bidding for the national ID system, with the pilot registration pushed back to next year.
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UnionBank SRO ‘credit positive’

2018-10-01 bworldonline
FRESH CAPITAL raised by the UnionBank of the Philippines bodes well for the lender’s credit rating, Moody’s Investors Service said, noting the additional funding will support brisk lending activity.
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Aboitiz bank completes capital buildup

2018-09-28 business.inquirer.net
Aboitiz-led Union Bank of the Philippines has completed a P10-billion capital buildup program from the sale of new shares to existing shareholders.
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Bourse surprises with ‘dizzying rally’

2018-09-21 bworldonline
THE PHILIPPINE STOCK EXCHANGE index (PSEi) exited bear territory on Friday amid what one analyst described as “a dizzying rally”, but its strong recovery was not enough to prevent its third straight week-on-week drop.
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AEV to start Davao City bulk water project in Oct.

2018-09-16 bworldonline
ABOITIZ Equity Ventures, Inc. (AEV) expects to start constructing its P14-billion Apo Agua bulk water supply project in Davao City by next month, after having secured all the necessary permits.
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AboitizPower in talks to sell Aseagas biomass plant

2018-09-16 bworldonline
ABOITIZ Power Corp. is in talks with two interested parties for the sale of the 8.8-megawatt (MW) biomass power plant in Lian, Batangas under subsidiary Aseagas Corp., which it wrote off for P3.7 billion in January this year.
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Aboitiz-Ayala group to allot P15B for proposed ID system

2018-09-13 bworldonline
A CONSORTIUM led by the Ayala and Aboitiz groups will be shelling out P15 billion for its proposal to design and develop the infrastructure for the country’s national identification (ID) system.
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Cautious; Philippines falls for 6th session

2018-09-12 theedgemarkets
(Sept 12): Southeast Asian stock markets ended on a cautious note on Wednesday, as broader Asian peers hit a 14-month low, amid worries of intensifying Sino-U.S. trade war, with Philippine shares extending losses to a sixth straight session.
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Group says no subsidy in Naia rehab offer

2018-09-05 business.inquirer.net
A consortium formed by seven of the country’s biggest conglomerates insisted on Wednesday that it was not seeking any government guarantees, the existence of which could jeopardize its offer to modernize and operate Manila’s Ninoy Aquino International Airport (Naia) for 15 years.
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Philippines channels India with ID system to get poorest on map

2018-08-30 bworldonline
“Like an alien,” is how the housekeeper in Manila describes what she felt when she discovered she had no birth record.
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Shares slump as market consolidates after rally

2018-08-29 bworldonline
SHARES SLUMPED on Wednesday as the local market paused for a break after rallying past the 7,800 level in previous days.
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Gov’t eyes pilot run for national ID system in December

2018-08-24 bworldonline
AUTHORITIES will start a pilot run to register residents under the Philippine ID System (PhilSys) in December, as they look to start with households receiving cash transfers from government.
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PSA preparing terms for national ID auction process

2018-08-21 bworldonline
THE implementing agency for the Philippine Identification System Act said it is preparing the terms to auction the design contract for the infrastructure underlying the national identification (ID) system.
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PHL stocks rebound as Wall St. ends losing streak

2018-08-15 bworldonline
THE LOCAL BOURSE took a breather on Wednesday, recovering after two days of dampened sentiment due to fears of a contagion amid a crisis in Turkey.
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