Hann Holdings Inc. (HHI), the owner and developer of the integrated resort (IR) brand Hann Resort, plans to raise funds through an initial public offering as it continues to develop its multi-billion-dollar Hann Reserve in New Clark City. “We have submitted a prospectus to the SEC (Securities and...
Lopez-led First Gen Corporation has formally reported to the Securities and Exchange Commission (SEC) that it will be unloading 60 percent of its gas businesses to Prime Infrastructure Capital Inc., a company owned by billionaire Enrique Razon, for ₱50 billion through the execution of a term...
MSpectrum, Inc., a wholly owned solar subsidiary of the Manuel V. Pangilinan-led Manila Electric Company (Meralco), turned over a120-kilowatt peak (kWp) solar rooftop project to DHL Supply Chain to power its training center in Sta. Rosa, Laguna. The project is estimated to generate approximately...
Expect pickup trucks to be more costly after the provision reimposing the excise tax on the vehicle type was approved, alongside other tax reform measures under the proposed Capital Market Efficiency Promotion Act (CMEPA). The CMEPA, a legislation deemed a priority of the administration under the...
Robinsons Retail Holdings, Inc., a member of the Gokongwei Group, has reacquired 22.2 percent of the company’s stock from GCH Investments Pte. Ltd., a subsidiary of DFI Retail Group, for ₱15.77 billion. In a disclosure to the Philippine Stock Exchange, RRHI said it has reacquired 315.31 million...
Razon-led water unit on Boracay Island has transitioned into the Retail Aggregation Program (RAP), making it the first to do so with Retail Electricity Supplier (RES) PrimeRES Energy Corp. Boracay Water, under the Manila Water Non-East Zone (NEZ) unit, has undergone RAP, a program of the Energy...
The Securities and Exchange Commission has approved the valuation of Filinvest Land Inc. 's ₱6.26 billion property to be acquired by Filinvest REIT Corporation (FILRT) via an asset-for-share swap, bringing it a step closer to completion. In a disclosure to the Philippine Stock Exchange,...
The United States (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc., a Philippines-based firm, and its Chinese administrator Liu Lizhi, for facilitating massive virtual currency investment scams known as “pig butchering.” These...
San Miguel Corporation 's spirits business Ginebra San Miguel Inc. (GSMI) reported a strong start for 2025 with an 11 percent growth in first quarter net income to ₱2.1 billion from the prior year, despite more challenging market conditions. In a statement, the firm said its consolidated...
US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte. In a disclosure to the Philippine Stock...
The Securities and Exchange Commission (SEC) is seeking to entice real estate companies with rental pool arrangements to tap the capital market for their growth and financing needs with the launched of streamlined rules for the registration their securities. Rental pool agreements refer to...
AC Mobility has teamed up with sister company Ayala Land Inc. to ramp up the installation of electric vehicle high-speed charging stations in ALI’s masterplanned estates nationwide, starting with the Makati Central Business District. Through the partnership AC Mobility aims to install 700...
