Palace orders dissolution of GOCC Northern Foods Corp.

Malacañang has ordered the dissolution of Northern Foods Corp. (NFC) calling it no longer cost-effective and at odds with the government’s development policy. Executive Secretary Salvador C. Medialdea, on the President’s authority, signed Memorandum Order No. 58 which would dissolve the NFC, which has incurred net losses since its founding except in 1989, 1995, and […]

Ayala sells stake in services firm HCX Technology Partners

AYALA Corp. said it inked a share purchase agreement with Asti Business Services, Inc. (ABSI) for the sale of the listed conglomerate’s 14.25 million shares or 100% of the outstanding capital stock of HCX Technology Partners, Inc. (HCX). “With its strong expertise in providing business process and shared service support, IT systems integration and consultancy […]

Comtel Rebrands to Quess Singapore with Focus on Local Job Creation in the City

Singapore, Aug 24, 2021 – (ACN Newswire via – Quess Corp, one of the world’s leading Business Service Providers, today announced that Comtel Solutions, the leading tech talent solutions Company in Singapore, and an affiliate of Quess Corp, has now become Quess Singapore and will operate as fully owned Singaore entity. An affiliate of […]

Seedo Corp. Appoints Avi Stern from Wix.Com to Board of Directors

Tel Aviv, Israel, Aug 24, 2021 – (ACN Newswire via – Seedo Corp. ( (OTC: SEDO), an Agtech company that is developing the protocols to grow saffron using vertical farming technology, today announced the appointment of Avi Stern to its board of directors as an Independent Director. Stern currently serves as the Vice President […]

From Red Gold to Olympic Gold: Seedo Corp. Seeks Solutions for Athletes and More

Seedo Corp. highlights saffron’s medicinal properties as mental health takes center stage at the Olympics in Tokyo. Tel Aviv, Israel, Aug 4, 2021 – (ACN Newswire) – Seedo Corp. ( (OTC: SEDO), an agtech company that is developing the protocols to grow saffron using vertical farming technology, today announced that it is expanding its research to include the study […]

Nickel Asia income climbs 52%

NICKEL ASIA Corp. posted an attributable net income of P4.07 billion for 2020 or a 51.9% increase year on year due to higher ore export prices. In a regulatory filing on Thursday, the listed company said its total revenues rose 21.5% to P21.77 billion from P17.92 billion in 2019. “The significant improvement in the realized […]

Greenergy sets up units for infrastructure, community development

ANTONIO L. Tiu-led Greenergy Holdings, Inc. has approved the incorporation of two wholly-owned units focusing on projects and services related to infrastructure and community development, the listed firm said on Monday. In a regulatory filing, Greenergy said that its board of directors, who met over the weekend, had authorized the incorporation of wholly owned subsidiaries, […]