Company Overview and News
A QUEZON CITY COURT has granted the petition of Maynilad Water Services, Inc. for enforcement of an arbitral award granting a tariff hike after the Metropolitan Waterworks and Sewerage System (MWSS) refused to implement the same.
Philex Mining Corp., the country’s biggest gold producer, reported a 3-percent drop in its net income as of June this year.
MANILA, Philippines - The major regulatory changes implemented by the Duterte administration has created uncertainty for the mining industry. (0-1)
MANILA, Philippines - Pangilinan-led Philex Mining Corp. maintains that its tailings storage facility in its Padcal mine in Benguet is effective and can withstand typhoons.
MANILA, Philippines - In volatile times as these, they are like members of the SWAT team discovering an unexpected obstacle in the midst of a raid. It is in this kind of environment, after all, that separates the best chief finance officers (CFOs) from the crop, said Dutch financial giant ING Bank N.V. and the Financial Executives Institute of the Philippines (Finex), organizers of the 2017 ING Finex CFO of the Year Award.
MANILA, Philippines - Philex Mining Corp. has invested P16 million for infrastructure projects in the first semester, as part of its social development program in its Padcal mine operations.
MANILA, Philippines - Philex Mining Corp. hopes to continue taking care of the environment beyond what is required by law as it spent P89.53 million, or 20.5 percent of its total budget of P436.94 million for this year’s environmental and enhancement projects, including the management of land and water resources, hazardous waste, and air quality, as well as the third-party monitoring of mine facilities.
MOSCOW – The group of business tycoon Manuel V. Pangilinan will scout for possible partnerships in Russia to further grow its various businesses, a ranking group official said. (0-1)
MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) stamped its class anew as a world-class conglomerate after it was named “Best Managed Company” in the Philippines by FinanceAsia.
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4 percent, taking cues from a subdued session on Wall Street after the Federal Reserve's hawkish policy statement.
Philippine Environment Secretary Regina Lopez (pic) was ousted on May 3 leading to a surge in mining stocks. — Reuters picSINGAPORE, May 4 — Philippine shares hit their highest in over seven months today, led by mining stocks after the ouster of the country's environment minister over her anti-mining advocacy, while other markets in the region were largely steady following the US Federal Reserve's decision to leave rates unchanged.
MANILA, Philippines - Philex Mining Corp., the mining company chaired by Manuel V. Pangilinan, will put on hold its next big mining project, Silangan Mine in Surigao del Norte, after investing P17 billion following Environment Secretary Gina Lopez’s order banning open-pit mining.
First Pacific Company Ltd. ADR (OTCPK:FPAFY) Q4 2016 Results Earnings Conference Call March 28, 2017 5:00 AM ET
MANILA, Philippines - Infrastructure conglomerate Metro Pacific Investments Corp., headed by business magnate Manuel V. Pangilinan, topped Finance Asia’s poll of best companies in the Philippines in various categories.
Telecommunications giant PLDT Inc. is expecting core earnings to grow in 2017 after posting declining profits over the last three years as its business “stabilizes.”
Finance Secretary Carlos “Sonny” Dominguez III on Tuesday explained that the results of a technical working group (TWG) review on the recent closure of mining companies is not meant to undermine the role of Environment Secretary Gina Lopez.
The cancellation of 75 mineral production sharing agreements or MPSAs on Valentine’s Day was another major blow to the country’s mining industry which has yet to recover from the earlier decision of the Department of Environment and Natural Resources (DENR) to close down the operations of 23 mining firms.
MINING SAFETY Miners follow safety protocols at Philex Mining Corp.’s Padcal operations. Mining stocks have tumbled after the environment secretary canceled 75 mining contracts. —EV ESPIRITU
MANILA: Philippine President Rodrigo Duterte on Wednesday supported his environment minister's decision to cancel nearly a third of contracts for undeveloped mines, saying it was based on law.
BAGUIO CITY—Gold and copper producer Philex Mining Corp. and the police charged two men and an activist with arson and robbery with intimidation in connection with the Feb. 9 burning of two trucks in Itogon town in Benguet province.
OPERATIONS SUSPENDEDEnvironment Secretary Gina Lopez has ordered the suspension of operations in this mining area of Lepanto Consolidated Mining Co. in Mankayan, Benguet. —RICHARD BALONGLONG
MANILA: The Philippines' environment minister stepped up a crackdown on mining on Tuesday (Feb 14), cancelling almost a third of the country's contracts for undeveloped mines and rejecting any challenges to earlier orders to shut over half of all operating pits.
ANTIMINING activist Gina Lopez with President-elect Rodrigo Duterte after their meeting in Davao City on Monday. Yesterday, Lopez accepted the job as environment secretary. SCREENGRAB FROM RTVM