The Securities and Exchange Commission (SEC) approved a ₱19.5 billion asset injection by Ayala Land Inc. into its real estate investment trust, clearing the way for retail properties to anchor the trust’s portfolio. Ayala Land will transfer Ayala Malls Feliz in Pasig City and Ayala Center Cebu...
Razon-led global port operator International Container Terminal Services Inc. (ICTSI) has secured a 26-year extension to operate one of the most technologically advanced terminals in the world, enabling it to meet growing logistics demand in Australia. In a disclosure to the Philippine Stock...
SP New Energy Corp. (SPNEC) is pursuing its backdoor listing with renewable energy (RE) unit MGEN Renewable Energy Inc. (MGreen), a year after announcing its plans for asset injections. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, June 25, SPNEC said it has approved an...
Manuel V. Pangilinan-led Manila Electric Co.’s (Meralco) solar subsidiary has partnered with two Japan-based companies to develop solar projects for industrial facilities in the Philippines. In a statement on Thursday, June 25, MSpectrum Inc. said it secured a joint venture (JV) agreement with...
The Sy family’s SM Investments Corp. (SMIC) and BDO Unibank Inc. led the seven largest Philippine public companies in the Forbes Global 2000 ranking for 2026. For the 24th year, Forbes’ Global 2000 ranked the largest public companies in the world using four metrics—sales, profits, assets, and...
Honda is inviting interested customers to get behind the wheel at the upcoming CR-V and Prelude Test Drive. The brief test drive is designed to showcase the abilities of both the CR-V as well as the Prelude. Experience the new CR-V 's powerful all-wheel drive capability on a rugged off-road...
Emperador Inc., tycoon Andrew Tan’s global liquor conglomerate, is seeing signs of recovery in its domestic and overseas businesses, particularly in the lower-priced brandy segment. During the firm’s annual stockholders’ meeting, Emperador President and CEO Glenn Manlapaz said there is a...
Shakey’s Pizza Asia Ventures, Inc. (SPAVI), the Po family’s restaurant and kiosk operator, is not letting a good crisis go to waste as the company is treating the current environment as a stress test to streamline operations—including closing underperforming stores—to prepare for growth...
The Lopez family majority alleged that First Gen Corp.’s decision to reduce its stake in Prime Hydropower Energy, Inc. (PHEI) from 40 percent to 33 percent is invalid, as it was never presented to the board of directors for approval and lacks a board mandate. The move was made just three weeks...
Ayala-led Globe Telecom Inc. has secured a ₱5-billion loan from BDO Unibank Inc. to help finance its capital expenditures (capex) for the year, aimed at keeping pace with the country’s growing data demand. In a disclosure dated June 23, Globe said it signed a loan facility with BDO to partially...
Saavedra-led Megawide Construction Corp. expects its net income to surge 79 percent this year, driven by the growing pipeline of state-backed housing projects and aggressive debt reduction. Edgar Saavedra, Megawide chairman and chief executive officer, said the company is targeting a net profit of...
Antonio-led Century Properties Group Inc. is raising ₱3 billion through a private placement of corporate notes to bankroll its project pipeline and expand its land bank. In a disclosure to the Philippine Stock Exchange, the firm said its board approved the issuance of five-year, fixed-rate notes....
