SM Investments Corp. (SMIC), the flagship of the Sy-led SM Group, is optimistic about the Philippines’ growth momentum, reaffirming its commitment to the economy’s future. In recent interviews on CNBC and Bloomberg, SM Executive Vice President for Treasury, Finance, and Planning Erwin G. Pato...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
The year 2024 was a milestone for Jetour Auto, with global sales reaching 550,000 units — an 83.9% increase from the previous year. The company's aggressive global expansion, which began in late 2018, has proven successful. Jetour now operates in 65 countries with a dealership network exceeding...
Maynilad President and CEO Ramoncito Fernandez Maynilad Water Services Inc. has firmed up plans for its initial public offering, targeting to raise up to ₱49.15 billion around the third quarter of this year, as further delays could limit its options. In a disclosure, the firm said its board of...
SP New Energy Corporation (SPNEC), a solar power producer controlled by Manila Electric Company (Meralco) through Meralco Power Gen Corporation (MGen), looking at developing another massive solar farm in Southern Luzon. In an interview, Meralco Chairman Manuel V. Pangilinan said SPNEC is putting up...
HOUSTON – The world is going all-in on tripling nuclear power capacity by 2050, and at the forefront of this grand race are Silicon Valley’s hyperscalers and global corporate behemoths that have been wagering heavily on uranium-powered fleets to supercharge artificial intelligence (AI)...
Globe Telecom Inc. has sealed term loan facilities amounting to ₱20 billion to address its budget needs and boost capital spending this year. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said it borrowed ₱10 billion each from Sy-led BDO Unibank...
Real estate developer D.M. Wenceslao and Associates, Inc. (DMW) posted a 10 percent growth in core net income to ₱1.8 billion last year on the back of its strong leasing momentum. In a disclosure to the Philippine Stock Exchange, the firm said its recurring revenues, encompassing land, building,...
Diversified engineering conglomerate DMCI Holdings Inc. of the Consunji Group reported a 21 percent drop in net income to ₱19 billion in 2024 from ₱24 billion in 2023 due to the impact of weaker commodities and electricity prices, lower construction accomplishments, and an anemic real estate...
Gotianun-led Filinvest Land, Inc., one of the country's leading full-range property developers, reported an 11 percent improvement in attributable consolidated net income to ₱4.17 billion last year. In a disclosure to the Philippine Stock Exchange, the firm said total consolidated revenues...
Themis Group Corporation is planning to start its ₱285 million mandatory tender offer for the minority shares of Ferronoux Holdings Inc. next week after acquiring a controlling stake in Ferronoux for use as a backdoor-listing vehicle. In a disclosure to the Philippine Stock Exchange, Ferronoux...
The relaunch of Ayala Land Hospitality, the hospitality arm of Ayala Land Inc., is set to transform Philippine travel, one that is marked by immersive and inspiring experiences that are unmistakably Filipino. In the next five years, Ayala Land Hospitality (ALH) will heavily invest in refreshed and...
