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...
Telecommunications giant PLDT Inc. has set its sights on constructing its 12th and largest data center in Cavite, pending the high occupancy rate of its facility in Sta. Rosa, Laguna, and a risk assessment study on the potential site. VITRO Inc., the data center arm of PLDT, plans to build a data...
The decision by Maynilad Water Services Inc. to again postpone its ₱45.8 billion initial public offering schedule could be an indication of weaker demand amid adverse market conditions. “The delay once again could be an indication of a weaker-than-expected demand for the offering, which may...
MREIT, Inc. (MREIT), the real estate investment trust of Megaworld Corp., reiterated its plan to acquire mall and retail assets from its sponsor as part of its plan to double its portfolio to one million square meters of gross leasable area (GLA) by 2027. The firm disclosed to the Philippine Stock...
Stronghold Insurance Co. Inc. has refuted what it called “misleading and unfounded public statements,” defending the company’s integrity and clarifying the roles of its board of directors and its function in the issuance of surety bonds. In a statement, Stronghold addressed reports concerning...
Pure Energy Group, controlled by Dexter Y. Tiu, is acquiring a majority stake in Coal Asia Holdings Inc. for ₱220.91 million to facilitate a possible backdoor listing of the energy conglomerate. In a disclosure to the Philippine Stock Exchange, Coal Asia said its stockholders Dexter Y. Tiu, Eric...
Tanduay Distillers Inc., the liquor and spirits unit of LT Group Inc., expects to sustain its strong earnings growth posted in the first half and register a record performance in 2025 and beyond. In an interview for the Manila Bulletin’s video podcast The Sit Down, Tanduay Chief Operating Officer...
Following a week-long decline, the local stock market may experience some bargain-hunting despite prevailing bearish sentiment, with investors likely to interpret the S&P Global Philippines Manufacturing PMI and US jobs and PCE inflation data for cues. “The local market is still moving with a...
SM Investments Corp. led four firms under the SM Group that have been certified as a Great Place to Work for 2025 by Great Place to Work, the global authority on workplace culture. Other SM companies also earned Great Place to Work Certification this year, including SM Prime Holdings, Inc., SM...
SM Hotels and Convention Centers (SMHCC), the hospitality arm of SM Prime Holdings, Inc. (SM Prime), is turning old linen into plush toys and other handicrafts that find new use in the group’s hotels. The firm has upcycled more than 10,000 yards of used hotel linens as part of its sustainability...
It was a quiet Sunday in 2009, a day of reprieve for business journalists enjoying a brief ceasefire from the endless churn of the financial markets. But one reporter’s weekend “me time” at the familiar, bustling SM North EDSA was about to take an unexpected turn. Suddenly, she spotted them:...
