After reducing the number of shares for its initial public offering (IPO), Maynilad Water Services Inc. may tighten the offer price to between ₱12 and ₱14 per share from its initially indicated maximum offer price of ₱20 per share based on investor interest during its ongoing bookbuilding...
Height Realty Inc. has announced that the land development of its flagship upscale residential project, Southlinks Estate in Las Piñas City, is proceeding as planned and is on track for completion by the second quarter of next year. In a briefing, Height Realty President and Chief Executive...
A 2017 data from Oceana Philippines showed that nine out of 10 Filipinos consume sardines regularly, making it one of the Philippines’ most vital food staples. In addition, sardines are accessible, affordable, shelf-stable, and most of all, essential for food security. However, overfishing,...
Oasis Management Company Ltd, a Hong Kong-based “activist” investment fund, reported that it has so far acquired a 5.76 percent stake in Lucio Tan-led and Philippine Airlines owner PAL Holdings Inc. In a disclosure to the Philippine Stock Exchange, Oasis Management said it bought the shares...
Ayala Healthcare Holdings, Inc. (AC Health) has signed a memorandum of understanding (MOU) for strategic collaboration with Becton Dickinson Holdings Pte Ltd (BD), a leading global medical technology company. In a statement, AC Health said the MOU is focused on driving innovation, enhancing...
Tycoon Dr. Andrew Tan has so far invested ₱1.33 billion as he continues to mop up shares of Emperador Inc., which faces removal from the Philippine Stock Exchange’s benchmark index if the public float falls below 20 percent. Emperador disclosed to the Philippine Stock Exchange that Tan’s...
Smart Communications Inc., the wireless unit of telecommunications giant PLDT Inc., said over 40 million active data users were in its network in the first quarter of the year, primarily driven by the growing adoption of 5G. In a statement, Smart said its active mobile data base is well “ahead of...
Lawyer Maggie Abraham-Garduque, spokesperson for TAPE Inc., said the company has not received a copy of the reported estafa complaint filed by GMA Network. She also said that there is no record of the complaint with the city prosecutor’s office. “I called TAPE about the article published at...
Ayala Land Inc., Megaworld Corp., Robinsons Land Corp., and SM Prime Holdings Inc., the Philippines’ top four property developers, are set to accelerate their premium residential projects over the next one to two years, in a bid to cushion the impact of slowing demand in the mass housing segment....
The Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) has expressed its support for the proposal to eliminate the multiple value-added tax (VAT) on electricity, which is expected to result in lower power rates for consumers. In a statement on Thursday, May 22, PHILRECA said the...
Tanco-led STI Education Systems Holdings, Inc., owner of the country 's largest network of private schools, posted a 45 percent jump in net income to ₱1.62 billion in the nine-month period ended March 31, 2025, from ₱1.12 billion in the same period last year. “The significant net income...
ILOILO CITY – Graft and corruption charges have been filed against key officials of the Department of Public Works and Highways-6 for allegedly rigging the bidding process in favor of Iloilo-based International Builders Corp. (IBC), the biggest contractor in Western Visayas region. The complaint...
