Consunji-led Semirara Mining and Power Corp. (SMPC) sought to calm investors who have been selling down its stock, as well as that of parent company DMCI Holdings Inc., by expressing confidence it will win the bid for a new coal operating contract (COC) after the government said it will not extend...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) is offering septic tank cleaning services to its residential and semi-business customers this February in select parts of Caloocan, Las Piñas, Manila, Muntinlupa, Parañaque, Pasay, Quezon City, Valenzuela, and Cavite Province at...
Mayor Ruffy Biazon said he was not satisfied by the answers given by representatives of Maynilad Water Services about the daily water service interruptions in Muntinlupa. The water service interruptions in Muntinlupa have occurred in barangays in the past few days, angering customers. Biazon...
Despite prevailing challenges in the real estate industry, SM Prime Holdings Inc. (SM Prime) expects to surpass the record profits it earned last year and is supporting its continued growth in 2026 with a capital expenditure (capex) budget of ₱100 billion. “For 2026, the estimate is to spend...
SM Prime Holdings Inc., the integrated property developer led by the billionaire Sy family, posted a seven percent increase in full-year consolidated net income as recovery in commercial property and rigorous cost-cutting measures shielded the bottom line from a slowdown in residential sales. The...
Liberty Flour Mills Inc., a veteran food manufacturer, has been flagged by the Securities and Exchange Commission (SEC) for failing to disclose years of transactions with a distributor controlled by its own directors, according to regulatory filings. In a disclosure to the Philippine Stock...
Local stock market is poised to trade on expectations surrounding the Bangko Sentral ng Pilipinas’ (BSP) upcoming policy meeting, with investors looking for a pivot toward monetary easing. The Monetary Board’s decision and subsequent guidance will be crucial in determining whether the...
After a positive year, Damosa Land has set its growth agenda for 2026 Focused on sustainable expansion and community-centered development across Mindanao, Damosa Land Inc. outlined a growth trajectory by scaling its portfolio through new projects and strategic expansions outside Metro Manila. “In...
Keppel Ltd. and its affiliates are exiting their remaining listed real estate presence in the Philippines, selling a controlling interest in Keppel Philippines Properties Inc. to Forward Synergy Group Inc. for ₱472.7 million. In a disclosure to the Philippine Stock Exchange, KEP said the...
AyalaLand Logistics Holdings Corp., a unit of property giant Ayala Land Inc., saw its annual profit plunge by 71.5 percent as shortage of inventory and cooling demand for industrial land weighed on its top line. In a disclosure to the Philippine Stock Exchange, the firm said that its consolidated...
Pacific Online Systems Corp., a gaming unit of Belle Corp., is abandoning its foray into online betting and divesting from an e-casino venture following the government crackdown on digital gambling licenses. In two disclosures to the Philippine Stock Exchange Pacific Online said the company will...
Lucio Tan Group’s (LTG) MacroAsia Corp. (MAC), through its wholly owned subsidiary MacroAsia New Ventures Inc. (MNVI), is venturing into agriculture to initially supply its own catering business with fresh vegetables and boost profit margins. In a disclosure to the Philippine Stock Exchange...
