Global-Estate Resorts, Inc. (GERI), the leisure property development arm of Megaworld Corporation, is investing P5 billion for the 10-year mixed-use development of a 150-hectare beachside property in Lian, Batangas. In a disclosure to the Philippine Stock Exchange, GERI said the project called...
Cement manufacturer Cemex Holdings Philippines Inc. (CHP) reported that its net loss almost tripled to P917.8 million in the first quarter of 2024 from the P335.5-million loss incurred in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its revenues for the...
The first NITORI in the Philippines is located at MITSUKOSHI BGC. J apan's largest furniture and home-furnishing retailer, NITORI, opened its very first shop in the Philippines at MITSUKOSHI BGC, further elevating the Japanese shopping experience in the mall. Best known for providing high-quality...
Caleia main entrance (Artist’s perspective) Alveo Land, a prestigious company renowned for upscale developments under the Ayala Land Inc. (ALI) portfolio, is further enhancing Southern living with standout properties like Nuvali and Vermosa estates. During a media briefing at Raffles Makati on...
Upscale retailer SSI Group Inc. of the Tantoco family reported a 21.1 percent drop in net income to P359.8 million in the first quarter of 2024 from the P456 million earned during the same period last year due to higher marketing expenses amid weaker demand. In a disclosure to the Philippine Stock...
Max’s Group Inc., owner of several casual dining brands, reported a 43 percent drop in net income to P44 million in the first quarter of 2024 from P77 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said “despite the challenging economic...
Real estate giant Ayala Land Inc. (ALI) reported that Motor Ace Philippines has signed an agreement with AyalaLand Estates to open a new motor hub in Vermosa in Imus, Cavite. In a statement, ALI said “this expansion comes at a most opportune time as Motor Ace will help provide for the...
VISTA LAND & LIFESCAPES, INC. will be conducting its annual meeting of stockholders on June 18, 2024, Tuesday, at 10:00 A.M. and stockholders can participate via remote communication. A copy of the official announcement published in Manila Bulletin broadsheet is...
As urban life becomes more hectic, many families seek solace away from the city. Perhaps, in a serene coastal community in Nasugbu, Batangas, with stunning sea views and a tranquil atmosphere, residents can finally experience an exclusive lifestyle away from the city bustle, redefining the essence...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, for up to P100 billion of fixed-rate bonds and an initial offering worth up to P25 billion. In its meeting on May 23, the...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
Solar power firm Citicore Renewable Energy Corporation (CREC) has pegged its initial public offering (IPO) price at P2.70 per share for a total offering size of P5.3 billion. In its final offering prospectus, CREC said the offer price was determined based on a book building process and discussions...
