In an era when retail spaces are increasingly expected to do more than transact, a newly opened boutique in Glorietta is positioning itself as an experience first, a store second. The multi-sensory Iqos flagship space, which opened Dec. 19, rethinks how legal-aged nicotine users encounter...
Citicore Power Inc. (CPI) is distributing shares of solar energy developer Citicore Renewable Energy Corp. (CREC) to its shareholders Edgar Saavedra and Oliver Tan to consolidate their direct interest in the publicly listed CREC. In a disclosure to the Philippine Stock Exchange (PSE), CREC said CPI...
Vista Land & Lifescapes Inc., the country’s largest homebuilder, has secured a five-year corporate notes facility amounting to ₱13.61 billion, arranged by Chinabank Capital Corp. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it made an initial drawdown of up to ₱7.22...
PNB Holdings Corp., the real estate arm of billionaire Lucio Tan’s Philippine National Ban (PNB), has formally applied to list its shares on the Philippine Stock Exchange (PSE), moving to monetize a massive property portfolio after years of preparation. In a regulatory filing on Friday, Dec. 26,...
Coal Asia Holdings Inc. is seeking to more than double its capital to facilitate a ₱6.64 billion share swap, a move that will allow Tubig Pilipinas Group Inc. to go public through a backdoor listing. In regulatory filings with the Philippine Stock Exchange, Coal Asia said the miner plans to...
DFNN Inc.’s technology unit has secured a role in the modernization of the Philippines’ primary international gateway, partnering with travel technology giant Amadeus IT Group SA to deploy biometric systems and automated gates at the Ninoy Aquino International Airport (NAIA). The subsidiary,...
United Paragon Mining Corp., the gold producer controlled by the Ramos family, agreed to a debt-to-equity conversion that will hand a 13.3 percent stake to the Marsman Drysdale Group as the miner seeks to clean up its balance sheet despite nearly two decades of suspended operations. The company’s...
Niche residential developer Haus Talk Inc. plans to raise as much as ₱2 billion through its debut bond offering to finance land acquisitions and accelerate the construction of housing projects. In a disclosure to the Philippine Stock Exchange, Haus Talk said the company will offer ₱1 billion in...
A Brown Co. Inc. (ABCI) is cleaning up its portfolio by recognizing losses on three projects investing in liquefied natural gas (LNG), railway, and palm oil businesses that have not been moving along as planned. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board of...
Top township developer Megaworld Corp. has divested more of its stake in integrated resort developer Suntrust Resort Holdings Inc., bringing its holdings down to 23.65 percent of the affiliate’s outstanding capital. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, Dec. 22, and recovered last Friday’s lost ground on the back of bargain-hunting and some window-dressing for the year’s end. The main index jumped by 120.39 points, or 2.03 percent, to close at 6,041.26, with the advance...
PH Resorts Group Holdings Inc., the gaming arm of embattled businessman Dennis Uy, is exploring a total pivot of its business model after losing its casino license and warning investors of a cash crunch that threatens its survival. The company confirmed in a regulatory filing on Monday, Dec. 22,...
