Amid a slowdown in the residential construction and home improvement retail business, tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has canceled its planned P500 million joint venture into the industry with a Thai company sealed in 2022. In a disclosure to the Philippine Stock...
The Philippine data center industry is poised for long-term growth due to rising demand from global players, enhanced digital infrastructure, and supportive government policies. According to Leechiu Property Consultants Inc., the sector’s upward trajectory is fueled by increased adoption of 5G...
Advent Energy, Inc., a subsidiary of Aboitiz Power Corporation, announced plans to deliver more renewable energy (RE) projects by 2025, with a focus on solar power. In a briefing, James Yu, Aboitiz Power vice president and head of retail, said the company plans to increase capacity through...
The Ty family’s flagship GT Capital Holdings Inc. announced key leadership changes in its wholly-owned subsidiary Federal Land Inc., with Jose Mari H. Banzon taking the helm of the property development company starting next year. In a disclosure to the Philippine Stock Exchange, GT Capital said...
VisMin developer Cebu Landmasters Inc. is planning to raise up to P5 billion from the planned issuance of Sustainability-Linked Bonds which will be the second tranche of its three-year Shelf Registration program amounting to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it...
Christmas to me is riding a bike around the CCP complex when it was quieter and most of the streets were off limits to motorists. I would bike as fast as I could, challenging gravity, while singing “God Rest Ye Merry Gentlemen” faster and faster until I could go no faster on the bike, let alone...
Smart Money, a pioneer in the country's mobile payment sector, is making a surprise comeback after being discontinued nearly a decade ago. Launched by Smart Communications in the early 2000s, Smart Money allowed users to make cashless transactions via SMS. It competed directly with GCash, now the...
Armie Batac, Megaworld’s head of sustainability Starting your green journey today might feel like you’re late, but it’s not about when you begin—it’s about your commitment. Every step you take today shapes a better tomorrow, proving that the most important thing is simply to start....
Razon-led International Container Terminal Services Inc. (ICTSI) is planning to invest $100 million to upgrade the Mindanao Container Terminal (MCT) after securing a 25-year extension to operate the port. In a disclosure on Friday, Dec. 20, ICTSI said that the funds will be used to enhance the...
Ayala-led Globe Telecom Inc. was able to raise P3.93 billion from the successful sale of 326 cellular towers to Unity Digital Infrastructure. In a regulatory filing on Friday, Dec. 20, Globe said it officially divested 19 more towers to Unity for a total of P228 million, marking their sixth...
Filinvest Land Inc. (FLI), the listed property unit of the Gotianun Group, has secured the highest PRS Aaa Issue Credit Rating from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P12 billion. In a statement, PhilRatings said FLI is planning to issue...
The Jetour brand in the Philippines exceeded expectations, thus making it possible for Jetour Auto Philippines, Inc. (JAPI) to reach new highs in 2024. Nowhere was this more evident than with the Jetour nationwide sales teams, who proudly displayed their achievements and showed their...
