The planned P6.75 billion acquisition of ABS-CBN Corporation’s Sky Cable by PLDT Inc. will no longer push through as both parties have mutually decided not to proceed with the transaction for undisclosed reasons. “Following this development, Sky Cable is pleased to announce that its...
Maynilad Water Services, Inc. is making its largest capital investment ever this year since the privatization of water services in Metro Manila nearly three decades ago. In a statement, Maynilad said that the West Zone concessionaire is set to invest more than P31 billion this year in water and...
Real estate giant Ayala Land Inc. (ALI) is launching P115 billion worth of projects this year with a capital expenditure (capex) budget of P100 billion as it is optimistic about opportunities for 2024. ALI President and CEO Anna Ma. Margarita B. Dy In a media and analysts’ briefing, ALI President...
Property giant Ayala Land Inc. (ALI) of the Zobels posted a 32 percent growth in net income to P24.5 billion in 2023, fueled by robust property demand and heightened consumer activity. In a media and analysts’ briefing Tuesday, Feb. 20, ALI Chief Finance Officer Augusto Bengzon said...
AREIT Inc. (AREIT), the real estate trust of property giant Ayala Land Inc. (ALI), reported a 43 percent jump in net income last year to P4.93 billion, boosted by the acquisition of more properties for lease. One Ayala, a property in AREIT's portfolio In a disclosure to the Philippine Stock...
Food service chain owner Goldilocks Bakeshop Inc., one of the SM Group’s portfolio investments, is ramping up its store openings by 46 percent to 60 in 2024 to further increase its nationwide presence. In a statement, SM Investments Corporation (SMIC) said Goldilocks opened 41 stores in...
DAVAO CITY – The Management of the Dead and Missing (MDM) Unit of the Department of Interior and Local Government has clarified the confusion on the seemingly inconsistent data of the dead and missing persons in the massive landslide in Barangay Masara, Maco, Davao de Oro two weeks ago. FOURTEEN...
SM Prime Holdings Inc. is allotting P100 billion for capital expenditures this year as it posted a 33 percent jump in consolidated net income to P40 billion in 2023 from the P30.1 billion it earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its consolidated...
The Sy family’s SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise as much as P100 billion from the issuance of bonds over the next three years. SM Prime's Board of Directors told the Philippine Stock Exchange (PSE) of the approval on...
DAVAO CITY – Apex Mining Co. Inc. has vowed to help relocate displaced residents following the landslide that devastated Barangay Masara, Maco, Davao de Oro on February 6. Teresa Pacis, AMCI assistant vice president for corporate affairs and communication, said they have offered their two-hectare...
STI Education Systems Holdings Inc. reported a 132 percent surge in net income for the first six months of its fiscal year ending June 30, 2024 due to a combination of higher enrollments and tuition fee increases. In a disclosure to the Philippine Stock Exchange (PSE), the firm said net income rose...
BDO Unibank Inc., the financial services arm of the SM Group, has recently bagged 10 Anvil and Quill Awards for excellence in its public relations campaigns. In a statement, the bank said it received three Silver Anvil Awards from the Public Relations Society of the Philippines (PRSP) and seven...
