Upscale green developer Arthaland Corporation is actively pursuing its focused land acquisition strategy to ensure a robust pipeline of projects over the next 10 to 15 years. During the firm’s annual stockholders’ meeting, Arthaland Vice Chairman and President Jaime C. Gonzalez said they...
Companies, particularly banks, are urged to tap the capital market by issuing bonds as these are a stable source of funds that can be issued quickly to a large investor base and at a lower cost. The advantages of issuing bonds to raise fresh funds was raised during the seminar entitled...
New Meralco PowerGen President and CEO Emmanuel V. Rubio As he leaps into another corporate environment, newly-designated Meralco PowerGen Corporation (MGen) President and CEO Emmanuel “Manny” V. Rubio will be navigating challenges as well as opportunities to steer his new organization...
While its corporate life will already end in two years, the outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) is still at a whopping P292.486 billion as of end-April this year. According to the company, its total debts stand at P254.6...
Maynilad Water Services, Inc., the water provider of most cities in Metro Manila, has been granted by the Securities and Exchange Commission (SEC) a permit to sell its P15 billion blue bond offering. This comes after the Philippine Rating Services Corporation granted Maynilad’s blue bonds a PRS...
The local bourse closed the week on a positive note as investor sentiment got a boost from expectations of a local interest rate cut. The main index added 21.33 points or 0.33 percent to close at 6,411.91 as Conglomerates led the advance while banks and miners retreated. Volume improved to 1.16...
Jollibee Foods Corporation, one of the largest Asian food service companies, is banking on franchisees to ramp up its global expansion into new areas, aiming to triple its net income in five years. During the firm’s annual stockholders’ meeting, Jollibee President and CEO Ernesto Tanmantiong...
The Po family’s Arthaland Corporation (ALCO) has maintained the Issue Credit Rating of PRS Aa, with a stable outlook for its outstanding Green Bonds amounting to P6 billion. In a statement, Philippine Rating Services Corporation (PhilRatings) obligations rated PRS Aa are of high quality and are...
Jollibee Foods Corporation continues its aggressive growth plan for North America by opening the first Jollibee branch in Seattle, Washington. In a statement, Jollibee said its new branch joins its two existing Washington State locations: Tacoma, which opened in October 2023, and Tukwila, which is...
The renewable energy (RE) solutions arm of Ayala-led ACEN Corporation has cornered a power supply deal to provide RE-generated power to manufacturing firm Valerie Products Manufacturing Inc. (VSO), which produces automotive and appliance parts. According to the Ayala firm, ACEN Renewable Energy...
The local stock market continued to recover as investors turned hopeful that US inflation will be low enough to trigger a rate cut. The main index jumped 77.47 points or 1.23 percent to close at 6,390.58 as Banks led the rally. Volume remained low though at 508 million shares worth P4.52 billion as...
Zobel-controlled Ayala Corp., the country’s oldest conglomerate, is planning to raise up to P15 billion through the issuance of preferred shares. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors at its regular meeting held Thursday, June 27, approved...
