The Philippine Stock Exchange (PSE) has lifted the suspension on the trading of the shares of SP New Energy Corporation (SPNEC) on Friday, Dec. 1, after the firm reported that its public float has been raised to 20.02 percent to meet the minimum public ownership requirement of 20 percent. ...
The Gotianun Group’s property development arm Filinvest Land Inc. (FLI) has successfully raised P11.43 billion in fresh capital from the bond market to fund capital expenditures and refinance debt. In a disclosure to the Philippine Stock Exchange (PSE), FLI said its 3.5-year peso fixed-rate...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, sees huge potential growth in volumes and margins for its subsidiary Chemrez Technologies Inc. if the government increases the mandated coco-biodiesel blend to three percent next year. In an...
AREIT Inc. (AREIT), the real estate investment trust of Ayala Land Inc. (ALI), is expanding to the hospitality business as part of its largest acquisition next year of P29.77 billion worth of prime commercial properties. In a disclosure to the Philippine Stock Exchange (PSE), AREIT is purchasing...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) has successfully raised over P1.15 billion from the third tranche of its P3 billion commercial paper program. The Securities and Exchange Commission had given ACR the permit to sell 182-day and 364-day commercial papers at an interest rate of...
While Century Properties Group Inc. is already performing well in 2023, next year is seen to be even better for the company its affordable housing business continues to exhibit rapid growth. In a media briefing for the launch of the firm’s first hotel project, Novotel Suites Manila, CPGI...
Century Properties Group Inc. (CPG) has fully acquired PHirst, its first-home residential venture, five years after entering a fruitful joint venture with Mitsubishi Corporation. In a statement over the weekend, CPG Executive Chairman Amb. Jose E.B. Antonio emphasized the strategic importance...
Manila Water Co. Inc. has partnered with Malaysia-based renewable energy firm Ditrolic Energy Philippines to help reduce the operational greenhouse gas emissions (GHGs) of the Razon-led east zone concessionaire. In a statement, Manila Water announced that the company has entered into a power...
West Zone concessionaire Maynilad Water Services, Inc. will undergo a series of water service improvements in parts of Manila, Quezon City, and Valenzuela City. From Nov. 27 to Dec. 4, Maynilad will conduct maintenance projects in Manila such as leak detection, pressure test, pressure-reducing...
Harbor Star Shipping Services Inc. (TUGS) has committed to rehabilitate the Bislak River in cooperation with the Provincial Government of Ilocos Norte. TUGS and the provincial government signed a memorandum of agreement (MOA) to formalize the partnership alongside the groundbreaking ceremony on...
Healthway Medical Network (HMN), the hospital and clinics arm of Ayala Healthcare Holdings Inc. (AC Health), will be taking over the 300-bed university hospital of Far Eastern University-Dr. Nicanor Reyes Medical Foundation Inc. (FEU-NRMF) in Quezon City. In a statement, Ayala Corporation said they...
Diversified conglomerate San Miguel Corporation (SMC) and property giant Ayala Land Inc. (ALI) have signed an Integration Agreement to connect ALI’s Arca South on and off ramps into the Skyway system. In a statement, SMC said the connection will be made via the upcoming South East Metro Manila...
