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DOE orders price freeze on LPG, kerosene in Cebu

MANILA, Philippines — The Department of Energy (DOE) has imposed a 60-day price freeze on liquefied petroleum gas (LPG) and kerosene in Cebu following the 6.9-magnitude earthquake. READ: Cebu quake death toll rises to 61 In a statement, the agency said this was meant “to protect households from undue economic burden and guarantee the continued

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IPO-bound Maynilad bags pioneering Green Equity label

MANILA, Philippines — Water utility concessionaire Maynilad Water Services Inc. bagged the first Philippine Green Equity label as regulators seek to deepen the local capital market by attracting more investors toward sustainability initiatives. In a letter to Maynilad on Sept. 26, the Securities and Exchange Commission (SEC) markets and securities regulation department confirmed that the water

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IMI shutters Kuichong facility as part of China consolidation

MANILA, Philippines — Integrated Micro-Electronics Inc. (IMI), the listed semiconductors and electronics manufacturing arm of the Ayala Group, has shut down its Kuichong facility to consolidate its China business in a single location. In a regulatory filing on Wednesday, IMI said final production activities in Kuichong ended on Tuesday, Sept. 30. They are now integrating operations