PacificLight Power Pte Ltd., a subsidiary of Meralco PowerGen Corp. (MGen), plans to invest approximately P53 billion (US$900 million) in a new 600-megawatt (MW) power plant in Singapore. Yari Miralao, MGen Gas Energy Holdings, Inc. (MNatural Gas) president and chief executive officer, said that...
Razon-led Manila Water Co. Inc. has completed two service improvement and expansion projects in Rizal, to enhance and expand its water service reach in the province. In a statement, Jeric Sevilla, Manila Water Communications Affairs Group director, said the projects, completed in May and July this...
With its colorful lanterns, giant balls, glitter, and hundreds of twinkling lights, the towering Christmas tree of green, red, and gold welcomes the festive season at Met Park in Pasay City. Nestled at the Blue Bay Walk, the impressive Christmas tree heralds the season’s message of positivity and...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings), the largest network of private schools in the Philippines, reported that its net income soared 1,233 percent to P263.2 million in the first quarter of its fiscal year ending June 2025. In a disclosure to the Philippine Stock Exchange...
Local investment house Unicapital Group sees the Philippine economy growing by 6.3 percent next year, with inflation falling to 3.1 percent, which is expected to propel the Philippine Stock Exchange Index (PSEi) to the 8,000 level. While the group holds a positive outlook for 2025, it acknowledges...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is considering various options to reduce its exposure to the massive losses of its petrochemical business—including possible divestment. According to Abacus Securities Corporation, JG Summit "implied that all options are on the table"...
Tiger Resort, Leisure and Entertainment Inc. (TRLEI), the local unit of Japan’s Universal Entertainment Corporation and owner of the Okada Manila integrated resort, is looking to attract more tourists from Japan, South Korea, and Southeast Asian countries to boost both gaming and hotel revenues....
Buskowitz Energy Inc., a local solar power provider, anticipates significant growth in its installed capacity by the end of the year, fueled by a recent investment from an international firm. James Buskowitz, Buskowitz founder and chief executive officer, said that the company's current capacity of...
Nissan Philippines invites everyone to celebrate a remarkable milestone: 55 years of driving innovation and excellence in the country. The festivities begin with Nissan Unstoppable at 55, a two-day celebration on November 23-24, 2024, at the Venice Piazza, Venice Grand Canal Mall in Taguig City....
Sy-led SM Investments Corporation, through SM Store and SM Retail, has partnered with Mastercard and SM Foundation to launch a new initiative aimed at empowering Filipino students pursuing careers in Science, Technology, Engineering, and Mathematics (STEM). In a statement, the conglomerate said...
Rural Bank of Sta. Rosa (Laguna) Inc., a subsidiary of homegrown financial technology (fintech) company Salmon Group Ltd., has grown by double-digits its deposits from rich clients as well as loans to blue-collar workers during the first nine months of 2024. Salmon co-founder and the bank’s chair...
Photo Caption [left to right]: MORS Group CEO Shanggari Balakrishnan, SM Prime President Jeffrey Lim, ACES Awards Honorary Chairman Hemant Batra and MORS Group Vice President Luis Bueno Nieto SM Prime Holdings (SM Prime) President Jeffrey C. Lim was named the sole recipient of the...
