The Ayala Group’s manufacturing arm Integrated Micro-Electronics Inc. (IMI) is rationalizing its overseas operations, including the closure or downsizing of offices in some countries, in a bid to reduce costs. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has made...
Maynilad Water Services, Inc. has recovered approximately 560,000 cubic meters of potable water lost due to illegal connections—enough to meet the daily needs of around 3,500 customers. In a statement, the West Zone concessionaire said that this recovery occurred within the first eight...
Fuel distributor and retail company Unioil Petroleum Philippines, Inc. has expanded its terminal operations from Luzon to Cebu, aiming to provide accessible and cleaner oil in the Visayas region. In a statement, Unioil announced the opening of its new fuel terminal in Brgy. San Isidro, San...
Smart Communications Inc. and Maya, the top digital bank in the Philippines, are urging the public to stay vigilant against the rising threat of “text hijacking” scams. The firm said these fraudulent messages mimic trusted companies like Smart and Maya, tricking unsuspecting users...
PLDT Inc., Manila Electric Company (Meralco), and Metro Pacific Investments Corporation are infusing a total of P570 million into DigiCo which is investing the same amount for a stake in Bayad Center and Multipay Corporation. In disclosures to the Philippine Stock Exchange (PSE), PLDT, Meralco, and...
Golden MV Holdings, Inc., a publicly-listed firm controlled by billionaire Manuel B. Villar Jr., has acquired 396.88 hectares of prime land in Villar City for P5.2 billion. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors has approved the acquisition of three...
From left: Atty. Pedro H. Maniego, Jr., Institute of Corporate Directors Chairman; Atty. Roel A. Refran, PSE EVP and COO; Atty. Marisalve Ciocson-Co, Globe's Chief Compliance Officer, SVP for Legal and Compliance and Assistant Corporate Secretary; Atty. Emilio B. Aquino, SEC...
The Consunji family’s privately-held investment holding company Dacon Corporation is planning to kick off its P1.94 billion tender offer for the minority shares of Cemex Holdings Philippines Inc. (CHP) next month. In a disclosure to the Philippine Stock Exchange, CHP said it has received a copy...
Housing developer 8990 Holdings Inc., through its wholly-owned subsidiary 8990 Housing Development Corporation, has signed an agreement with the Quezon City local government to build a four tower project. In a statement, the firm said it has signed a Memorandum of Agreement with the local...
DMCI Homes, the residential developer of DMCI Holdings Inc., is preparing to venture into Cebu City’s booming condominium market, starting with a P20 billion project, as part of its nationwide expansion plan. In a statement, DMCI Homes Vice President for Project Development Dennis Yap said the...
Chemrez Technologies, Inc., a wholly owned subsidiary of D&L Industries, reported that it is already operating its coco-biodiesel plant at optimal capacity after oil firms ramped up their orders to comply with the mandate of a three percent blend (B3) starting October. In an interview during a...
The Po family’s chain restaurant and food service group Shakey's Pizza Asia Ventures Inc. is gearing up to expand in the United States by setting up a wholly-owned subsidiary. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors had approved the incorporation of...
