First Gen clinches supply deal with Mindanao firm

MANILA, Philippines — First Gen Corp. is strengthening its presence in Mindanao as it bagged a new power supply deal for a cold storage facility. Mets Cold Storage Services, Inc. (Mets) tapped the Lopez-led firm to energize its warehouse in Cagayan de Oro City, the latter said on Wednesday. Currently, the Mets facility has a

Packaging maker fires up factory in Cavite

MANILA, Philippines – SAKO Pilipinas, the local subsidiary of wooden products manufacturer Hong Kong SSG Ltd, has unveiled its new facility in Cavite, according to the Philippine Economic Zone Authority (Peza). Peza said in a statement that the 1,000-square-meter facility located at the Cavite Economic Zone was expected to boost the firm’s expanding operations.

How major US stock indexes fared Wednesday, 10/8/2025

Wall Street’s pause from its record-breaking rally didn’t last long. The S&P 500 climbed 0.6% on Wednesday, a day after snapping a seven-day winning streak, and set its latest all-time high. The Dow Jones Industrial Average edged down by 1 point, while the Nasdaq composite rose 1.1% to its own record. Stocks benefiting from the artificial-intelligence boom continued to pull the market higher following a nearly relentless rise since April. Gold continued its stellar year and pushed further past $4,000 per ounce.

Corruption woes wipe out P1.7 trillion wealth in stock market – SEC

MANILA, Philippines — Philippine stock market investors lost P1.7 trillion in just three weeks because of corruption behind anomalous flood control projects, according to the Securities and Exchange Commission (SEC). Francis Lim, chair of the SEC, recently told financial executives the billion-peso flood control project scandal had already shaken public confidence, impacting the country’s overall

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