SSP Receives 7th Tranche of Reimbursements under Discounted Power Rate Program

Pampanga—(PHStocks)—SFA Semicon Philippines Corp. (PSE: SSP), formerly Phoenix Semiconductor Philippines Corp., took payment of PhP11.44 million representing part of its receivables of the company’s discounted electricity incentive granted under Presidential Executive Order No. 856 and its Lease Agreement with Clark Development Corp. (CDC). This amount is the seventh partial reimbursement of the government through CDC […]
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Lepanto Consolidated Mining to Resume Copper Production

Makati—(PHStocks)—Lepanto Consolidated Mining Co. (PSE: LC) will resume copper concentrate production following two years of drilling in the Copper Gold Project; metallurgical tests; and rehabilitation of its copper flotation plant. The said plant is presently being debugged, and will be operated to produce gold and silver-bearing copper concentrate, alongside the carbon-in-pulp plant that will continue […]
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China Bank Settles $158M Loan

Makati—(PHStocks)—China Banking Corp. (China Bank, PSE: CHIB) has paid off one year ahead of schedule the three-year US$158 million Syndicated Loan that was originally scheduled to mature in June 2018. “The strong growth in foreign currency deposit has enabled us to not only raise the balance earlier than expected,” said William C. Whang, EVP & […]
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Semirara Ramps Up Hiring in 1Q 2017

Makati—(PHStocks)—Integrated energy company Semirara Mining and Power Corp. (SMPC, PSE: SCC) has hired 387 personnel for key positions in its Semirara Island mine site to support its operational expansion plans. The company is increasing its coal production to 16 million metric tons in the next two to three years in line with the national government’s […]
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PHINMA Drops Tender Offer for Laguna College of Business and Arts

Makati—(PHStocks)—In its disclosure dated April 4, 2017, PHINMA Education Holdings Inc. (PHINMA Education)—the education arm of PHINMA Corp. (PSE: PHN)—intended to do a tender offer to acquire at least 55% of Laguna College of Business and Arts (LCBA). The disclosure states that the tender offer was subject to the announcement of the final schedule of […]
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Megawide Confirms Participation in Rail Project

Quezon City—(PHStocks)—Megawide Construction Corp. (PSE: MWIDE) wishes to announce its partnership with East-West Rail Transit Corporation and Alloy MTD for the construction, operation, and maintenance of the PNR East-West Railway Project. The PNR East-West Railway Project (EWRP) will involve a 9.77 kilometer railway line from Diliman, Quezon City along the corridor of Quezon Avenue up […]
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Shakey’s Pizza Signs Up Second International Market

Paranaque—(PHStocks)—Shakey’s Pizza Asia Ventures Inc. (PSE: PIZZA), the Philippines’ largest operator of chained full-service restaurants, continues to build its international presence particularly in the Middle East. PIZZA, through subsidiary Shakey’s Pizza Regional Foods Ltd, recently signed an area development agreement with Aljeel Capital LLC, a Dubai-based group, to build at least 10 Shakey’s Pizza outlets […]
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Cebu Landmasters Reports 1H 2017 Sales Performance

Cebu City—(PHStocks)—Cebu Landmasters Inc. (PSE: CLI) was able to book PhP2.87 billion of reservation sales for the first half of 2017. In just six months, the company has almost breached its full year 2016 reservation sales figure of PhP2.94 billion. “We are very pleased to report our strong reservation sales performance for the first half […]
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