Maynilad Water Services Inc., a subsidiary of Metro Pacific Investments Corp., has put to rest questions on whether its ₱45.8 billion initial public offering will push through by setting a new offering and listing date in October. Based on the firm’s updated preliminary prospectus, the offer...
The Philippine Stock Exchange (PSE) is expected to face difficulty in achieving its capital-raising target of ₱186 billion this year, as big-ticket initial public offerings are being postponed. This comes after Hann Holdings announced the deferment of its ₱13 billion initial public offering due...
West Zone concessionaire Maynilad Water Services, Inc. has named Christopher Jaime T. Lichauco as its new Chief Operating Officer (COO), effective Sept. 1, 2025, to succeed the retiring Randolph T. Estrellado. Lichauco, a veteran with 27 years at Maynilad, will assume his new role after Estrellado...
When it came to everyday comfort, few investments mattered more than quality linens, towels, and pillows. These were the pieces people spent the most time with, so choosing well made all the difference. At the recent “Legacy and Dreams” tradeshow held from August 13 and 14, 2025, at the...
Telecommunications giant Globe Telecom Inc. is taking a firm stance in opposing the Konektadong Pinoy Act, which recently lapsed into law, voicing its concerns against the law’s supposed “grave risks.” In a statement on Tuesday, Aug. 26, the Ayala-led firm said it is concerned that the...
PHirst Park Homes, Century Properties Group’s (CPG) housing unit, is eyeing several key cities in Mindanao, starting with a ₱5.3-billion project in General Santos City, as it ramps up its nationwide expansion. PHirst Park Homes Gen San will be located in Brgy. Baluan, conveniently accessible...
The Philippine Competition Commission (PCC) has cleared the proposed acquisition by Aramco Asia Singapore Pte. Ltd. of a 25 percent interest each in Unioil Petroleum Philippines, Inc. and Unioil Energy Pte. Ltd. a move that is poised to enhance competition in the country’s petroleum market.
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The Securities and Exchange Commission (SEC) is “closely monitoring” the arrest of Global Ferronickel Holdings Inc. (FNI) Chairman Joseph C. Sy over allegations of misrepresentation of his citizenship. “Given Mr. Sy’s role as chairman of a publicly listed company, the SEC is closely...
The country’s leading mining groups are urging the government to immediately release Joseph Sy, chairman of Global Ferronickel Holdings Inc. (FNI), following his arrest by the Bureau of Immigration (BI), which they described as “unlawful.” In separate statements on Monday, Aug. 25, the...
The telecommunications industry is urging the government to ensure strong safeguards for consumers under the implementing rules and regulations (IRR) to be crafted for the Konektadong Pinoy Act, which recently lapsed into law. The bill, also known as the Open Access in Data Transmission Act,...
The local stock market is poised for a potential rally as bargain-hunting is expected, fueled by recent gains in United States markets on signals of an upcoming rate cut from the US Federal Reserve, which aligns with investor anticipation of a policy rate reduction from the Bangko Sentral ng...
The country’s umbrella group of exporters has retained its forecast that the export of goods and services will fall short of the government’s target this year, as uncertainties about the reliability of the United States (US) market continue to grow. Philippine Exporters Confederation Inc....
