Retail electricity supplier Shell Energy Philippines, Inc. (SEPH) is expanding its renewable energy (RE) portfolio to align with the Philippines ' goal of increasing clean energy in its generation mix. SEPH President and Chief Executive Officer Bernd Krukenberg told the Manila Bulletin that...
The Philippine stock market is seen to try to sustain its strong bounce last week as investors continue to cheer the United States (US) Federal Reserve’s latest policy move and outlook. “Despite last week’s climb, the local market is still undervalued with a price-to-earnings ratio of 10.8...
SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, is planning to expand its portfolio to 130 malls by its 50th year, in 2035, as it intends to consistently open four new malls starting next year. During Manila Bulletin’s The Sit Down, SM Supermalls...
The way Filipinos work has shifted, with more professionals choosing remote or hybrid setups over the traditional 9-to-5. Rising rental costs have also pushed startups and small businesses to seek more practical alternatives to dedicated offices. Responding to this need is AXS Aseana, a newly...
Since time immemorial, faith and technology have often seemed at odds with each other. Dench Decino, a man thrust into leading a prominent professional services firm, is charting his path between these two forces as he steers the company toward an increasingly digital future. Decino, the location...
BDO Unibank has shifted the focus of a recent account security dispute, arguing that a client’s viral claims of a system hack are baseless and that the unauthorized transactions stemmed from a lapse in her own device’s security. In a statement on Thursday, Sept. 18, BDO said its internal...
Zobel-led Ayala Corp., the country’s oldest conglomerate, is including the shares of its publicly-listed subsidiaries in its six-year-old, ₱20-billion share buyback program as stock prices languish at the local bourse. In a disclosure to the Philippine Stock Exchange, the firm said its Board of...
The power generation arm of Manila Electric Co. (Meralco) has secured two engineering, procurement, and construction (EPC) deals to advance a new battery energy storage system (BESS) project in Toledo, Cebu. In a statement on Thursday, Meralco PowerGen Corp. (MGen) announced it has signed an EPC...
Leading online gaming firm DigiPlus Interactive Corp. has tapped sister company Philippine First Insurance Co. Inc. (PhilFirst) to introduce the Philippines’ first-ever surety bond program for online gaming players. In a disclosure to the Philippine Stock Exchange (PSE), DigiPlus said the...
Top township developer Megaworld Corp. continues to lighten up on its stake in MREIT Inc., this time selling ₱2.24 billion worth of the real estate investment trust’s (REIT) shares, in preparation for its fourth wave of asset infusion. In a disclosure to the Philippine Stock Exchange (PSE),...
SM Leisure Resort Residences (SM LRR), a unit of integrated property developer SM Prime Holdings Inc. (SM Prime), is about to finish Scottsdale Villas and Redstone Condominiums, marking the completion of Horizon Terraces in Tagaytay Highlands. In a disclosure to the Philippine Stock Exchange (PSE),...
Doubts have been raised whether Gokongwei flagship JG Summit Holdings Inc. (JG Summit) can easily sell its petrochemicals business, JG Summit Olefins Corp. (JGSOC), in light of the number of distressed giant petrochemical companies in the region that are “in the same boat.” “There is no...
