December 8, 2022
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Food, Beverage & Tobacco

Roxaco Land Corporation’s Anya Resort Tagaytay (ART) launches expansion projects

Roxas and Company, Inc.’s (RCI) subsidiary, Roxaco Land Corporation’s Anya Resort Tagaytay (ART) launches expansion projects. Anya Resort Tagaytay broke ground on Block 12, the latest addition to its current 80-room luxury hotel in Tagaytay. The sold out eight-unit expansion coincides with the Resort’s fifth year anniversary and strongly positions the Roxas and Company Inc. […]

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Electricity, Energy, Power & Water

SPNEC final Offer Price of its SRO is Php 1.50 per Rights Share

Stock Rights Offering (SRO) of Solar Philippines Nueva Ecija Corporation (SPNEC) SPNEC informed the Philippine Stock Exchange (PSE) that the final Offer Price of its SRO is Php 1.50 per Rights Share. The Offer Price represents a 14% discount to the 15-day volume-weighted average price of SPNEC’s Common Shares as of August 17, 2022. Solar […]

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Electricity, Energy, Power & Water

ACEN-DBS Green Long-Term Revolver

ACEN announced today that it and its subsidiary, ACEN Australia, and DBS Bank Australia, executed a Common Provisions Agreement and a Facility Agreement for a AUD 100 million green long-term revolving loan facility. The loan will provide capital financing for ACEN’s eligible green assets in Australia as part of its strategic aspiration to grow its […]

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Food, Beverage & Tobacco

RCI’s Resort Hotel and Realty sustain growth

Roxas and Company Inc. (RCI) registered PhP500 million consolidated revenue in the first six months of 2022 driven mainly by the sales performance of its real estate and luxury hospitality units, partly offset by the budget hotel segment. Roxaco Land Corporation (RLC) sold PhP221 million from raw lands as well as Palmstrip and SAMG projects. […]

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Electricity, Energy, Power & Water

SPNEC expanding flagship project to be world’s largest solar farm

Solar Philippines Nueva Ecija Corporation (SPNEC) is allocating proceeds from its various capital raises to complete securing at least 2500 hectares in the provinces of Nueva Ecija and Bulacan for a planned 3.5 GW solar farm.   This would mark SPNEC’s expansion of operations in the same area of the land secured for its 500 […]

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Construction, Infra. & Allied Services

Megawide lists oversubscribed maiden fixed rate bond offering on PDEx

Megawide Construction Corp. listed today a total of Php4.0 billion fixedrate bonds (inclusive of the Php1.0 billion oversubscription option) at the Philippine Dealing and Exchange Corp. (PDEx). The issue received total tenders of Php6.71 billion and was 2.24x oversubscribed from the P3.0 billion base issue amount during the offer period, which ran from July 28, […]

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Food, Beverage & Tobacco

Max’s Group Sustains 2022 Resurgence, Q2 Net Income Surpasses Pre-Pandemic Levels

Max’s Group, Inc. (MGI), the largest casual dining restaurant group in the Philippines, is reporting its operating results for both the second quarter and first half of 2022. The Group’s re-engineered economic model, designed to accelerate profit recovery even under ongoing market constraints, proved its viability yet again with all-time-high margins exceeding pre-pandemic levels. Second […]

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Electrical Components & Equipment

SSP gives update on share buyback; Announces construction of new warehouse

SFA Semicon Philippines Corporation (PSE:SSP) disclosed that it has repurchased a total of 6,822,000 of its own shares as of August 11, 2022, 21 trading days after it started trading on July 14, 2022 in implementation of its share buyback program. The 6,822,000 common shares repurchased as of August 11, 2022 represents 0.32% of SSP’s […]

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Electricity, Energy, Power & Water

SPNEC looking to complete share swap by the end of 2022

With the Stock Rights Offering (SRO) of Solar Philippines Nueva Ecija Corporation (SPNEC) on track to be completed over the coming weeks, the company has indicated this would pave the way for the completion of its asset-for-share swap with its parent company, Solar Philippines. In response to a question at a briefing on August 12, […]

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Electricity, Energy, Power & Water

Alsons Reports Net Income of P689 Million for the First Half of 2022

Alsons Consolidated Resources Inc., (ACR) posted P689 million in net earnings for the first half of 2022 from the P871 million recorded in the first half of 2021. The publicly-listed company of the Alcantara Group reported net earnings of P364.93 million for the second quarter of 2022 from P492.39 million in the same period last […]

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