The Securities and Exchange Commission (SEC) has lifted the suspension of Jia Financing Inc.’s Certificate of Authority after admitting that it had failed to observe due process by not first notifying the firm of its violations. In moving for a partial reconsideration, Jia said the order issued...
Ayala’s mobility solutions group, ACMobility, and Honda Cars Philippines, Inc. (HCPI) will part ways by the end of this year. The two companies jointly announced the transition of their 35-year dealer operations, effective January 1, 2026. Both companies said this development is reflective of...
Tycoon Andres Soriano III’s A. Soriano Corp. (Anscor) has earned ₱300 million in less than a year from the sale of its 22 percent stake in TBG Food Holdings Inc., the owner of The Bistro Group restaurant business, to Bounty Fresh founder Tennyson Chen’s Inoza Business Holdings Inc. for...
Capital market stakeholders are seeking to tap the vast and growing mass affluent segment of young tech-savvy Filipino investors, as it presents a huge opportunity for wealth creation in the country. To enable this segment to help enlarge the country’s economic pie, a video library project was...
Despite the currently adverse market conditions, Maynilad Water Services Inc. is looking forward to a successful initial public offering (IPO) as it has already secured the commitment of cornerstone investors, although at a lower ceiling price. “The market is bad, but we are putting in a very...
SM Offices, a business unit of SM Prime Holdings Inc., has signed a Registration Agreement with the Philippine Economic Zone Authority (PEZA) confirming the Presidential Proclamation of SM City Santa Rosa IT Center as an Information Technology Economic Zone. Proclamation No. 944, signed by...
Maynilad Water Services Inc. has been granted the first Philippine Green Equity label by the Securities and Exchange Commission (SEC) based on the new guidelines the regulator issued to further promote sustainable finance. The grant makes Maynilad’s planned initial public offering (IPO) more...
The Ayala Group’s global electronics manufacturing services unit, Integrated Micro-Electronic Inc., has successfully transferred the manufacturing activities of IMI Kuichong to its nearby facility in Pingshan, Shenzhen, as part of continued efforts to drive efficiency across the organization. In...
Visayas and Mindanao (VisMin) property developer Cebu Landmasters Inc. (CLI) is planning to raise up to ₱5 billion from the issuance of sustainability-linked bonds as the third and final tranche of its three-year shelf registration program of up to ₱15 billion. Philippine Ratings Services...
Maynilad Water Services Inc. may have to woo more cornerstone investors for its ₱45.8-billion initial public offering (IPO) as the prospective $245 million from the World Bank Group ’s (WBG) International Finance Corp. (IFC) and the Manila-based Asian Development Bank (ADB) is a strong vote...
The Securities and Exchange Commission (SEC) has approved the rental pool program of the Floirendo group’s Damosa Land Inc. for its condotel in the island garden city of Samal in Davao. According to the SEC, Damosa Land is the first securities issuer to successfully register under the...
West Zone concessionaire Maynilad Water Services, Inc. has officially commissioned its Cupang Water Reclamation Facility (WRF) in Muntinlupa City, which is now treating wastewater from Barangays Alabang, Cupang, and Bayanan. Located in Brgy. Cupang, the facility has a treatment capacity of 46...
