News Highlights: Phoenix Petroleum (PNX) is looking into producing cargo tiles locally as it signed a memorandum of understanding with Philippine Rubber Farmers Association and Dep’t. of Agriculture (DA) for the development of the first-ever local manufacturer of cargo tires at Malacañang.
News Highlights: Aboitiz Power (AP) income stood at P20bn (+14% YoY), attributed to 17% increase in its power generation segment. Core net income stood at P20.6bn (+12%), driven by new coal capacity. Aboitiz Equity Ventures reported a net income of P22.5bn in 2016 (+27% YoY), with
News Highlights: Ant Financial has entered into a strategic partnership with Globe Telecom’s (GLO) unit Globe Fintech Innovations, Inc. (Mynt) and Ayala Corp. (AC) to accelerate financial inclusion and upgrade payment services in the Philippines. Megaworld Corp.