Gregorio Araneta III’s ₱1.8 billion management takeover of gaming firm PhilWeb Corp. will be undertaken in two tranches, effectively moving back the requirement for mandatory tender offer to minority shareholders. PhilWeb disclosed to the Philippine Stock Exchange that principal shareholder...
HONG KONG — Metro Pacific Investments Corp. (MPIC) has begun due diligence on PrimeWater Infrastructure Corp. and its assets, a process that will determine whether the conglomerate makes a formal bid to acquire the water utility from the Villar family. “We signed a non-disclosure agreement with...
Bacolod continues to grow as one of the country’s most promising cities, and this time, Phinma Properties is taking part in its progress. The developer recently launched Saludad, its first masterplanned township outside Metro Manila, marking a new phase in its efforts to build complete,...
We upgrade our phones, skincare routines, and even what we eat. But did you know that you also can—and should—upgrade your toothbrush? The new Oral-B iO Series, featuring the iO2 and iO3, is here to change the way we brush and clean our teeth. Designed by dentists to deliver a dentist-like...
In a management takeover, President Marcos’ brother-in-law, Gregorio Araneta III, is divesting his entire 57 percent stake in the publicly listed gaming firm PhilWeb Corp. for ₱1.8 billion in favor of two firms, one of which is headed by PhilWeb’s President, Edgar Brian K. Ng. PhilWeb...
BACOLOD CITY – The police chief and two personnel of the E.B. Magalona Municipal Police Station in Negros Occidental were relieved from their posts after a 58-year-old rape suspect escaped from their custodial facility recently. The Police Regional Office-Negros Island Region (PRO-NIR)...
Amid the recovery of the consumer market, billionaire Manuel B. Villar Jr. is strengthening management of AllHome Corp. and AllDay Marts Inc. by hiring two retail veterans as their new presidents. In a disclosure to the Philippine Stock Exchange (PSE), AllHome said Frances Rosalie T. Coloma has...
The E.B. Magalona Municipal Police Station in Negros Occidental is offering a P20,000 cash reward to anyone who can provide information on the whereabouts of a 58-year-old rape suspect, who escaped the station 's custodial facility, a week after his apprehension. A flash alarm was posted by...
The Securities and Exchange Commission (SEC) has fined Villar Land Holding Corp. and its officers a total of ₱12 million after denying the company’s request for an extension to file required financial reports, citing repeated failure to meet deadlines. The SEC’s investigation was prompted by...
Top hitter Nguyễn Thị Bích Tuyền has opted to withdraw from the Vietnam national team a few days before the start of FIVB Women’s Volleyball World Championship in Thailand. Tuyền begged off to participate in the global meet slated Aug. 22 to Sept. 7 due to personal and family reasons...
The Gotianun Group’s Filinvest Development Corp. (FDC) has appointed John Richard B. Sotelo as its new Chief Marketing Officer, poaching the veteran executive from rival Robinsons Land Corp. (RLC). In a disclosure to the Philippine Stock Exchange, FDC, which also has interests in real estate...
ILOILO CITY – Two books were launched on the Indigenous Peoples of Panay and Guimaras Islands in time for the International Day of the World’s Indigenous Peoples (IPs) on Saturday. “Panagway” and “Bádbad” were unveiled at the Iloilo City campus of the University of the Philippines...
