Top township developer Megaworld Corp. continues to lighten up on its stake in MREIT Inc., this time selling ₱2.24 billion worth of the real estate investment trust’s (REIT) shares, in preparation for its fourth wave of asset infusion. In a disclosure to the Philippine Stock Exchange (PSE),...
SM Leisure Resort Residences (SM LRR), a unit of integrated property developer SM Prime Holdings Inc. (SM Prime), is about to finish Scottsdale Villas and Redstone Condominiums, marking the completion of Horizon Terraces in Tagaytay Highlands. In a disclosure to the Philippine Stock Exchange (PSE),...
Doubts have been raised whether Gokongwei flagship JG Summit Holdings Inc. (JG Summit) can easily sell its petrochemicals business, JG Summit Olefins Corp. (JGSOC), in light of the number of distressed giant petrochemical companies in the region that are “in the same boat.” “There is no...
The so-called “ghost month” took a toll on the automotive industry in August, as year-to-date vehicle sales growth came to a near halt at 0.2 percent as sales declined across nearly all car segments, marking the slowest growth rate of the year. Ghost month, which falls in August, usually...
Homegrown fashion brand Penshoppe is ramping up its logistics and technology investments to adapt to the rapid growth of e-commerce and intensifying competition from global fashion players. At the Anvil Business Summit 2025 on Monday, Sept. 15, Golden ABC Inc. Executive Chairman Bernie Liu said...
Tycoon Andrew Tan’s leisure company Travellers International Hotel Group Inc. is looking to start the construction of its $700 million Mactan and Boracay gaming centers next year even as it prioritizes the completion and opening of the Westside Integrated Resort. In an interview, Travellers...
Ayala Healthcare Holdings Inc.’s (AC Health) Healthway Cancer Care Hospital (HCCH), the country ’ s first cancer specialty hospital, is teaming-up with global pharmaceutical giant AstraZeneca to launch its Lung Center of Excellence (COE) and a dedicated Lung Nodule Clinic. AC Health said this...
After interest rates have been cut, Sy-led SM Prime Holdings Inc. (SM Prime) is now planning to refinance debt with a ₱17-billion bond offering just after raising $350 million from United States (US) dollar-denominated notes. SM Prime, one of Southeast Asia’s largest integrated property...
Ayala-led Globe Telecom Inc. is pushing for the refiling and eventual passage of a bill that will allow telecommunications operators to crack down on online piracy. In a statement, Globe urged lawmakers from both the House of Representatives and the Senate to reintroduce a measure that will...
Shareholders of Liberty Flour Mills Inc. have requested that the Securities and Exchange Commission intervene and investigate alleged irregularities involving the company, as well as the ₱804.7 million in uncollected receivables from its distributor, Parity Values Inc. (PVI). Through their...
Boffi and De Padova came together in 2015 with a shared vision of uniting Italian design across kitchens, baths, furniture, and storage. This year marks the 10th anniversary of the brand’s presence in the Philippines, a decade of shaping modern living through world-class craftsmanship since its...
A quiet workday morning in Quiapo, Manila, might be part of Kyle Tan’s routine, but nothing about his journey has been. Inside his office at Tanduay Distillers Inc., two framed NBA jerseys hang on the wall—a constant reminder of his late father, Lucio “Bong” Tan Jr., and the unexpected path...
