Ayala Healthcare Holdings Inc. (AC Health), through AC Health Pharma, has forged a strategic partnership with one of the largest pharmacy groups in Asia, Sugi Holdings, to bring Japan’s high-quality and novel pharmacy products to the Philippines. In a statement, AC Health noted that Sugi Holdings...
Hann Holdings Inc., the owner and developer of the integrated resort (IR) Hann Resort in Clark, Pampanga, has shelved its planned ₱13-billion initial public offering (IPO) indefinitely due to adverse domestic and global market conditions. An investment banker and other stock market sources...
Investors eager to buy into the planned real estate investment trust of SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, will have to wait longer as the $1 billion initial public offering has been deferred to “beyond 2026.” During the Philippine Stock Exchange...
D&L Industries, through its wholly owned subsidiary Chemrez Technologies, Inc. (CTI), is serious about plans to build a second biodiesel plant in light of higher demand once the government lifts the suspension of the implementation of a four percent biodiesel blend requirement at the pumps. “What...
Sunwest Inc. on Wednesday said it has started the rehabilitation of damaged portions of its flood control project in Oriental Mindoro. In a statement, the company said the restoration is being undertaken based on its standard warranty commitments. The repairs started on Aug. 2 right after the heavy...
Unicapital Securities, Inc. sees the local stock market turning the corner in the second semester from the weakness in the first half and forecasts the Philippine Stock Exchange index (PSEi to rise to 7,100 by year-end although this is lower than its projection of 7,800 earlier this year. After...
Megawide Construction Corp. expects higher earnings in 2025 as it reported a consolidated net income of ₱436 million in the first six months of the year—slightly lower than the ₱438 million earned in the same period last year but amounting to 81 percent of full-year 2024 net income. In a...
Sumitomo Mitsui Financial Group Inc. (SMFG), through Sumitomo Mitsui Finance and Leasing Co. Ltd. (SMFL) is acquiring a 30-percent equity stake in RCBC Leasing and Finance Corp. (RLFC) of Yuchengco-led Rizal Commercial Banking Corp. (RCBC). In a disclosure to the Philippine Stock Exchange (PSE),...
Real estate giant Ayala Land, Inc. (ALI) announced the appointment of former AREIT President and Chief Executive Officer (CEO) Jose Eduardo A. Quimpo II as Chief Financial Officer (CFO) and Treasurer, effective Tuesday, Aug. 19, 2025. Quimpo succeeds 21-year ALI veteran Augusto D. Bengzon, who will...
Top township developer Megaworld Corp. and MREIT Inc. are looking at about three more waves of asset infusions amounting to 520,000 square meters of gross leasable area (GLA) over the next two years in order to hit the real estate investment trust’s target portfolio size of one million square...
Tycoon Lucio Co’s food retail arm Puregold Price Club Inc. is opening eight new branches across the country this year to help it achieve the group’s seven percent to nine percent revenue growth target. The supermarket chain said it is planning to open new stores in Northern and Southern Luzon,...
SM Hotels and Conventions Corp. (SMHCC), the hospitality arm of SM Prime Holdings, Inc. (SM Prime), is expanding its Calabarzon portfolio beyond its leisure-focused properties by developing more business-oriented hotels in the provinces. SMHCC Executive Vice-President Peggy Angeles said in an...
