Publicly-listed information technology firm DFNN Inc. is planning to raise P450 million in additional capital to fund new businesses and pay debt while announcing the formation of a joint venture company with a Spanish partner. The firm told the Philippine Stock Exchange (PSE) that its Board of...
EEI Corporation renewable energy unit EEI Power Corporation (EPC) and partner SysNet Integrators Inc. have inaugurated three ParkNcharge (PNC) electric vehicle (EV) charging stations at office buildings owned by SM Prime Holdings Inc. In a disclosure to the Philippine Stock Exchange (PSE), EEI said...
Please be advised that SM PRIME HOLDINGS, INC. will be holding its Annual Stockholders’ Meeting on April 23, 2024 (Tuesday), 2:30p.m. at Forbes Ballroom 1 and 2, Conrad Manila, Seaside Blvd. corner Coral Way, Mall of Asia Complex, Pasay City, and will also be livestreamed for stockholders...
Maynilad Water Services, Inc., a subsidiary of Metro Pacific Investments Corporation (MPIC), in partnership with DMCI Holdings and Marubeni Corporation, is planning to issue bonds worth up to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue...
SMIC expansion to focus more outside NCR By James A. Loyola The Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said...
Countryside Investments Holdings Corporation (Countryside), a company wholly owned by Leandro Leviste, is investing over P5 billion to help propel the development of rural Batangas. In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power...
Leisure estate developments have begun seeing an unprecedented surge in demand, particularly over the last several years. Driven primarily by changing preferences and lifestyles postpandemic, this demand has been prompted by a discerning market that places greater emphasis on wellbeing,...
Alsons Consolidated Resources, Inc. (ACR), the flagship of the Alcantara Group, posted a 22 percent growth in net income to P2.29 billion last year from the P1.88 billion earned in 2022 on the back of growing demand for power in its core markets in Mindanao. In a disclosure to the Philippine...
There’s just something charming about living in the South these days. For one, the air in the South is much cleaner and lighter since there's lesser volume of vehicles in the area. Unlike in Metro Manila where traffic eats up a significant chunk of people's time every day, moving from one...
A top management role has pulled in for scion Antonio Miguel B. Alcantara who has been designated Chief Executive Officer (CEO) at Alsons Power of the Alcantara group, following the retirement of Tirso G. Santillan, who is the departing company CEO and Executive Vice President. As announced to the...
Real estate giant Ayala Land Inc. is absorbing through a merger 34 firms it owns directly or through wholly-owned subsidiaries AyalaLand Estates Inc. (ALEI) and AyalaLand Hotels and Resorts Corporation (AHRC) . “The merger is an internal restructuring to simplify the ownership structure and is...
Mining and power firm Nickel Asia Corp. of the Zamora family saw a 53 percent drop in audited attributable net income to P3.7 billion last year from P7.9 billion in 2022 as nickel ore prices were lower due to the increase in Indonesian nickel production. In a disclosure to the Philippine...
