The Securities and Exchange Commission (SEC) has issued a cease and desist order against MFT Group of Companies Inc. and Foundry Ventures I Inc. for alleged illegal solicitation of investments from the public. In an order dated Jan. 16, the Commission En Banc directed the MFT Group and Foundry...
SM Investments Corporation (SMIC) subsidiary 2GO Group Inc., the Philippines’ largest integrated transportation and logistics solutions provider, has marked the opening of its 100th 2GO-owned retail store at Greenhills Shopping Center. In a statement, 2Go said the new store allows it to extend...
AREIT Inc., the real estate investment trust of property giant Ayala Land Inc., has completed the acquisition of Seda Lio in El Nido, Palawan, from ALI's subsidiary Econorth Resort Ventures Inc. for P1.19 billion. In a disclosure, AREIT said Seda Lio is a 153-room resort hotel that caters primarily...
BDO Unibank Inc., a member of the SM Group, has shortened the offer period for its second ASEAN Sustainability Bond issue worth an initial P5 billion and closed it on Jan. 16, 2024. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the offer was backed by strong demand...
The Securities and Exchange Commission (SEC) has revoked the certificate of authority (CA) of Wealth and Personal Development Lending Inc. to operate as a lending company for its repeated failure to comply with reportorial requirements and alleged involvement in illegal activities. In a statement,...
VisMin property developer Cebu Landmasters Inc. (CLI) has further expanded its hospitality portfolio with the opening of lyf Cebu City, its third operational hotel. In a disclosure to the Philippine Stock Exchange (PSE), the firm said lyf Cebu City is designed to serve young travelers looking to...
The much-awaited giant initial public offerings (IPOs) of SM Prime Holdings’ real estate investment trust and Prime Infrastructure Inc. of billionaire Enrique K. Razon Jr. may not happen this year. In an online briefing, Abacus Securities Corporation Research Head Raymond Neil "Nicky" Franco...
2GO Group Inc. is supporting the growth of micro, small and medium-sized enterprises (MSMEs) with the introduction of 2GO Getters, a “community of MSMEs, start-up companies and anyone who aspire to build their business empires in need of delivery services.” The logistics arm of the SM...
MRC Allied Inc. is investing an initial P75 million to acquire controlling ownership of Bitstar Prime Holdings Inc. which will be its corporate vehicle for its telecommunication and broadband business. In a disclosure to the Philippine Stock Exchange, MRC said its Board of Directors has approved...
Listed technology firm Xurpas Inc. has recently launched its new artificial intelligence and data science unit Xurpas AI Lab (XAIL) to ride the AI wave sweeping the globe. In a disclosure to the Philippine Stock Exchange, Xurpas said AI is presently making its way into industries around the world...
There is no doubt that Jetour got it right with the Dashing’s look. Its Euro-inspired vibe feels like a mix between an Urus and a Macan, and that big macho body — even though it is classified as a compact crossover — exudes power and confidence. I cannot fault you for falling in love at first...
Suzuki Philippines is kicking off 2024 with special offers on two of their standout cars: the Ertiga Hybrid and the S-Presso. From now until the month's end, Suzuki is rolling out rdeals for both loyal fans and first-time buyers. Opt for the Ertiga Hybrid or the compact S-Presso and enjoy hefty...
