Asiabest Group International Inc. is setting up a wholly owned subsidiary, ABG Modular, which will serve as its platform to scale modern modular construction solutions in the Philippines. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Feb. 3, the firm said ABG Modular is...
A new lifestyle blooms at the first lake community in Manaoag, Pangasinan. The 43-hectare Sta. Monica Lake Residences by Sta. Lucia Land Inc. offers a different experience than the usual neighborhood development in the suburbs. Imagine coming home to a scenic location and the liberty to move freely...
Aboitiz Equity Ventures Inc., the investment vehicle of one of the Philippines ' oldest business dynasties, retained its top-tier credit rating as robust cash flow from its energy and banking units offsets an uptick in borrowing for acquisitions. Philippine Rating Services Corp. kept its PRS...
SM Prime Holdings Inc.’s office unit is accelerating its push for a greener real-estate portfolio, securing an international sustainability certification for its FiveE-com Center as it seeks to attract corporate tenants focused on environmental targets. The developer’s FiveE-com Center...
Globe Telecom Inc. received approval from the Philippine Stock Exchange (PSE) to raise as much as ₱25 billion through a sale of non-voting preferred shares to refinance debt and support network expansion. In a notice posted on the bourse’s website, the PSE said the Ayala-led carrier will offer...
D.M. Consunji Inc., the engineering unit of DMCI Holdings Inc., is pivoting its focus toward massive government infrastructure projects to offset slowdown in private-sector construction activity. In an interview, DMCI President Jorge A. Consunji said that the company’s primary target is the...
Investors in equities are turning their focus to upcoming inflation data as catalyst for potential interest rate cuts, seeking signs that price pressures have cooled enough for the central bank to pivot toward easing. The release of February’s consumer price index will be weighed alongside recent...
The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has announced its new leadership team that will continue to foster cooperation and growth in the mobility industry. CAMPI is comprised of 29 member automotive brands accounting for 95-percent of all vehicles sold in the...
Global Ferronickel Holdings Inc. (FNI) said its Palawan subsidiary, Ipilan Nickel Corp. (INC), is targeting the production of 1.5 million wet metric tons (WMT) of nickel ore this year, provided weather and operating conditions remain favorable. This year’s target is significantly higher than the...
Competition in the Philippine brandy market is intensifying as Tanduay Distillers Inc. enters a distribution agreement with Spanish spirits producer Miguel Torres SA, aiming to chip away at the dominance of local giants and established imports. Tanduay President and Chief Executive Officer Lucio...
Cash-strapped Xurpas Inc. is selling its 49-percent equity interest in PT Sembilan Digital Investama (PT SDI) for five billion Indonesian rupiah, or about ₱17.6 million, an investment it acquired in 2015 for about ₱10.8 million. In a disclosure to the Philippine Stock Exchange (PSE) on...
Monte Sur Equity Holdings Inc. is launching a ₱1.09 billion tender offer for the minority stake in Dominion Holdings Inc., moving to consolidate control as it pivots the former BDO Unibank Inc. unit toward the mining sector. In a disclosure to the Philippine Stock Exchange, Dominion said the...
