Page 5 - Development Philippines News Today

Listed Synergy Grid and Development Philippines Inc., the indirect controlling shareholder of power transmission operator National Grid Corp. of the Philippines, is seen to attract investments from foreign funds after it has been included in the MSCI World Small Cap Index.

The Energy Regulatory Commission has cleared the Cebu-Bohol 230-kilovolt interconnection project of the National Grid Corp. of the Philippines.

The French government is set to provide money for peace and development projects in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), the French Ambassador to the Philippines has said.

The National Grid Corp. of the Philippines has energized the P6-billion Mariveles-Hermosa transmission line in Bataan to meet the growing power needs of the Luzon grid.

The Department of Environment and Natural Resources (DENR) is now working to expedite the application process for priority mining projects, particularly in two areas in Mindanao. DENR Sec. Jim Sampulna said there is a need to facilitate the mining applications in Northern Mindanao and Zamboanga Pen

Broadband internet service provider Converge ICT Solutions Inc. has made it to the highly-watched MSCI Global Standard Index, the only Philippine company added to the standard (large cap index) counter in its latest rebalancing while three other Philippine firms made it to the small cap index. Adde

THE National Grid Corporation of the Philippines (NGCP) has turned over a P2-million medical facility to the East Avenue Medical Center and National Kidney and Transplant Institute. The prefabricated facility, which was constructed from four container vans, is equipped with sanitation facilities and changing rooms where healthcare workers can safely…

Listed firm Synergy Grid and Development Philippines Inc. (SGP) will be subscribing to P12.238 billion worth or equivalent 203,630,000 non-voting preferred shares of affiliate-firm National Grid Corporation of the Philippines (NGCP), the operator-company of the country’s power transmission network.

THE NATIONAL Grid Corp. of the Philippines (NGCP) is increasing its authorized capital stock (ACS) to accommodate the issuance of the non-voting preferred shares to Synergy Grid and Development Philippines, Inc. (SGP). SGP is subscribing to 203.63 million non-voting preferred shares of NGCP at P6.10 apiece for a total of…

Synergy Grid and Development Philippines Inc. (SGP) will pay out P1.158 billion worth of dividends to its shareholders. The company said Wednesday that its board approved the first quarterly cash dividend at P0.22 per share, 10 percent higher than the P0.20 per share dividend previously distributed and paid out last…