Pasig River cleanup to start in May
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Metro Manila (CNN Philippines, April 20) Preparations for the Pasig River cleanup project are underway with San Miguel Corporation, the Department of Environment and Natural Resources and the Department of Public Works and Highways working together in a bid to extract 600,000 metric tons of waste per year.
A statement from SMC on Tuesday said the first intensive studies on the riverbed are ongoing, with the actual cleanup to begin in May.
The initial bathymetric survey, or the study of the river floor, has been finished. Further studies of the Manila Bay to Pandacan area are also now underway, added the statement.
San Miguel food unit posts P22.4-B net income
March 11, 2021 | 12:04 am
SAN MIGUEL FOOD and Beverage, Inc. (SMFB) posted a net income of P22.4 billion last year, which its top official described as “extremely challenging” but marked by a “strong” rebound in the second half.
SMFB President and Chief Executive Officer Ramon S. Ang said the company’s businesses had been able to deliver volume growth despite the challenges it faced in 2020.
“These encouraging results demonstrate the company’s resilience in the face of the global crisis and positions itself for a strong and stable recovery,” Mr. Ang said in the statement on Wednesday.
Angelica Y. Yang
AYALA-LED AC Energy Corp. is setting its sights on a new renewable energy goal, this time for 2030 where local and foreign projects will have equal sharing, as it is set to hit its 5-gigawatt (GW) target ahead of the 2025 deadline, its top official said.
“In the next couple of years, you would most likely hear from us regarding our next target. I have no plans of putting another, of revising our 2025 goal,” said AC Energy President and Chief Executive Officer Eric T. Francia in a media briefing on Monday.
“We will most likely set our sights already for 2030, but we’re still going to be calibrating what the right level of renewable target would be,” he added.
February 1, 2021 | 12:05 am Font Size
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LOCAL retail and institutional investors dominated stock market trading in January, marking the eight straight months that foreigners were left behind, the Philippine Stock Exchange (PSE) said.
PSE President and Chief Executive Officer Ramon S. Monzon said in a statement that local investors have accounted for 75.3% of the marketâs value turnover in January, with the remaining 24.7% going to foreign participants.
The PSE said local investor participation in January is the highest recorded on a monthly basis since March 2010, which was at 76.2%.
âThis is the eighth consecutive month that locals outpaced foreign investors in terms of value traded in the stock market. Trading activity of foreign funds may have abated, but liquidity in the stock market has not deteriorated,â Mr. Monzon said.
BusinessWorld
January 12, 2021 | 12:07 am
PETRON CORP. is infusing close to P3 billion to improve its refinery operations in Bataan, after securing approval from the Authority of the Freeport Area of Bataan (AFAB) to register in the province’s freeport area, the firm told the local bourse on Monday.
“As part of its commitment to AFAB, the Company is expecting to undertake in the next five (5) years several capital investments amounting to nearly P3 billion to further improve the efficiency of the integrated operation of its Petron Bataan Refinery,” Petron said in a statement.
In a regulatory filing, the oil company also confirmed that it was able to register as an enterprise of the Freeport Area of Bataan, and this would play a part in improving its financial survival.