Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, is ramping up its hotel business expansion target to over 12,000 rooms by 2028 to 2029 instead of 2030, as it banks on the growth of the tourism industry. In an interview, AGI President and CEO Kevin Andrew...
East Zone concessionaire Manila Water Co. Inc. has reported a surge in the number of water meter thefts and tampering incidents in Quezon City and Makati. Jeric Sevilla, Manila Water corporate communication affairs director, warned that delinquent consumers caught engaging in these illegal...
An international bazaar to be participated in by at least 40 countries will open once again with the theme, “Shop global, help local,” at the World Trade Center starting November 3. Photos by Mark Balmores The International Bazaar Foundation, Inc. (IBF) partnered with the Spouses of the...
Globe Telecom reported that it suffered an average of 245 cable incidents per month in the first half of the year as thieves continue to target internet cables, derailing the company’s efforts to continuously enhance the network. In the first half of 2024, Globe said it logged 1,472 cases of...
Fiber broadband and technology provider Converge ICT Solutions Inc. declared its first special cash dividend amounting to P1.3 billion together with the announcement of its new dividend policy. In its disclosure to the Philippine Stock Exchange, the firm said the dividend policy is aimed at...
Campos-led Del Monte Pacific Limited is planning to raise funds via the selective sale of assets in the U.S. and injection of equity in the Group through strategic partnerships to lower leverage. However, the firm said in a disclosure to the Philippine Stock Exchange that the Group expects to incur...
The Board of Investments (BOI) and BDO Unibank, Inc. have entered into a partnership to promote investments in the Philippines. According to BOI, the agreement signed on Sept. 3 strengthens their collaboration on investment seminars and promotion activities, noting that “the partnership also aims...
West Zone concessionaire Maynilad Water Services, Inc. has concluded its pipe replacement project in parts of Manila, aiming to improve water pressure and meet the growing demand of consumers in the area. In a statement, Maynilad said the project, which cost P380 million, replaced 1.7 kilometers of...
Globe Telecom of the Ayala Group has renewed its strategic partnership with First Gen Corporation, a leading renewable and clean energy firm, to further its commitment to net-zero emissions by 2050. The telco said the partnership will contribute to expanding Globe's Renewable Energy (RE) sites...
AREIT Inc., the real estate investment trust sponsored by Ayala Land Inc., reported that it has sold three condominium units to help fund the acquisition of a hotel owned by its parent company in Palawan. In a disclosure to the Philippine Stock Exchange, AREIT said it sold three office condominium...
Singapore-headquartered investment fund Clime Capital will be injecting up to $10 million for the solar rooftop installations in the commercial and industrial (C&I) space as well utility-scale ventures to be undertaken by Upgrade Energy Philippines (UGEP), a joint venture between Aboitiz Power...
The Ayala Group’s Globe Telecom expects to complete by the end of 2024 its landmark tower sale and leaseback deal which is seen to generate a total of P96.3 billion. "We are aiming to complete 100 percent of our tower sale by this year. However, even if we only reach about 92 percent by...
