Aside from office leasing, SM Offices, the commercial property arm of SM Prime Holdings Inc. (SM Prime), is now focusing on industrial leasing with ready-to-move-in warehouses in the cities of Pasig and Taguig, as well as build-to-suit developments in other locations nationwide. SM Offices’...
The Bank of the Philippine Islands (BPI) extended a ₱6.1 billion project finance facility to Cornerstone Energy Development Inc. (CEDI), a subsidiary of Aboitiz Renewables Inc., marking the lender’s latest move to solidify its position in the sustainable finance market. BPI said the funding...
San Miguel Food and Beverage Inc. (SMFB), a core subsidiary of diversified conglomerate San Miguel Corp. (SMC), reported a 13-percent increase in consolidated net income to ₱46.3 billion last year. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 10, the firm said growth...
Gotianun-led Filinvest Land Inc. has secured internal approval to issue up to ₱11.57 billion in fixed-rate bonds, its latest effort to tap the domestic capital market to fund its expansion and refinance existing obligations. In a disclosure to the Philippine Stock Exchange, the firm said that its...
The local stock market lost ₱671.7 billion in market capitalization on Monday, March 9, as the benchmark Philippine Stock Exchange Index (PSEi) plunged to the 6,000 level after the Iran war fueled a surge in oil prices while the peso plunged to a new record low. Philippine Stock Exchange (PSE)...
Century Properties Group Inc. expects to generate ₱6.6 billion in sales from its latest residential project in Cavite as it pivots toward first-home and premium segments to bypass crowded mid-market condominium sector. In a disclosure to the Philippine Stock Exchange, CPG said the subsidiary has...
Andrew Tan-led top township developer Megaworld Corp. has raised ₱945 million from the sale of shares of its real estate investment trust (REIT), MREIT Inc., to reduce its stake in the subsidiary and pave the way for a fresh asset infusion in exchange for new shares. In a disclosure to the...
Philippine Geothermal Production Co. (PGPC), the renewable energy unit of SM Investments Corp. (SMIC), plans to spend at least ₱2.9 billion this year to ramp up drilling and exploration across its existing facilities and six new concession areas. Frederic C. Dybuncio, SMIC president and chief...
Just like bourses worldwide, the Philippine stock market will mainly be influenced by developments in the Middle East, where the war started by the United States (US) and Israel against Iran is threatening the global supply chain and sending oil prices through the roof. While share prices have...
The Philippine Association of Securities Brokers and Dealers Inc. (PASBDI) has opposed the plan by the Securities and Exchange Commission (SEC) to impose a mandatory 10-year term limit on broker directors of exchanges, arguing the move would strip the local bourse of critical expertise. In a...
Integrated Micro-Electronics Inc. (IMI), the global electronics manufacturing arm of Ayala Corp. (AC), reported a 265-percent surge in consolidated net income to $13.5 million in 2025, up from $3.7 million in 2024, as its restructuring strategy continued to bear fruit. In a disclosure to the...
Aboitiz Equity Ventures Inc. reported that consolidated core net income remained unchanged at ₱25.5 billion for last year, as growth in its food and beverage segments offset earnings drag from its power generation arm. In a disclosure to the Philippine Stock Exchange, the diversified investment...
