BDO Unibank Inc., the financial services arm of the SM Group, has upsized its second ASEAN Sustainability Bond issue by more than 12 times to raise P63.3 billion, its largest single issuance so far, on the back of strong demand from retail and institutional investors. In a disclosure to the...
Filipino firm Upgrade Energy Philippines (UGEP) is casting an ambitious target of 700 megawatts for rooftop and ground-mounted solar installations across commercial and industrial (C&I) customers that it is targeting to accomplish by 2028. So far, the first major project delivered by the...
Real estate giant Ayala Land Inc. (ALI) has raised P5.63 billion from the sale of shares of real estate investment trust AREIT Inc. at P31.10 per share, lower than the P34 per share valuation of its upcoming share swap for P23 billion. In a disclosure to the Philippine Stock Exchange (PSE), ALI...
Consumers across Metro Manila can now drop off their empty PET bottles for recycling at over 2,200 sari-sari stores and carinderias. This initiative, the Tindahan Extra Mile (TEM): Balik PET Bottle Program of Coca-Cola Philippines and Basic Environmental Systems and Technologies, Inc. (BEST), not...
Real estate giant Ayala Land Inc. is doubling the capacity of its SEDA hotel brand while undertaking a two-year renovation of four of its biggest malls in a bid to further increase foot traffic by making them provide a better shopping and dining experience to customers. ALI Senior Vice President...
Century Properties Group Inc. (CPG) of the Antonio family has completed the first block of its P1 billion townhouses launched under its new premium, in-city brand Century Nuliv. In a statement, CPG said the project, NULIV Townvillas at Acqua, is located in Mandaluyong City, a bridge away from the...
Mariana Zobel de Ayala, executive director of the country’s oldest conglomerate Ayala Corp., said the catastrophic impact of the ongoing climate change requires corporations to take drastic steps to counter this as they can longer go on with “business as usual.” “It is our belief that...
Balai ni Fruitas, the bakery subsidiary of Fruitas Holdings, is expanding its reach in the Visayas region by putting up a commissary in Tisa, Cebu City while continuing to increase capacity in Metro Manila. To fund these, Balai ni Fruitas informed the Philippine Stock Exchange (PSE) that it is...
Century Pacific Food Inc., one of the leading branded food and beverage companies in the Philippines, is increasing its renewable energy sources for its manufacturing plants to further reduce its carbon footprint. In a disclosure to the Philippine Stock Exchange (PSE), the company said it is making...
In celebration of Sinulog 2024, International Pharmaceuticals, Inc. (IPI) proudly showcases “kaitiakitanga,” the sacred duty of guardianship and stewardship for the environment. The company emphasizes the vital role of preserving land, water, and natural resources for the well-being of future...
Century Properties Group (CPG), a top-tier developer controlled by the Antonio family, is launching two projects in the first half of this year under its Premium, In City Line. In a disclosure to the Philippine Stock Exchange, the firm said it will be launching this quarter "The Hotel...
MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
