Maynilad Water Services, Inc., a subsidiary of Metro Pacific Investments Corporation (MPIC), in partnership with DMCI Holdings and Marubeni Corporation, is planning to issue bonds worth up to P15 billion. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue...
SMIC expansion to focus more outside NCR By James A. Loyola The Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said...
Countryside Investments Holdings Corporation (Countryside), a company wholly owned by Leandro Leviste, is investing over P5 billion to help propel the development of rural Batangas. In a statement, Leviste said this will be done in partnership with his renewable energy firm Solar Philippines Power...
The Sy family-controlled SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise up to P25 billion from the first tranche of its P100 billion bonds to be shelf-registered with the Securities and Exchange Commission. In a disclosure to the...
Construction jobs are generated from new urban developments (Photo courtesy to Anamul Rezwan) Cities worldwide, while diverse in demographics and culture, share a common pursuit of progress through new urban developments. These projects not only enhance convenience amid urban congestion but also...
DMCI 2023 earnings dip from near-record 2022 profit By James A. Loyola Diversified engineering conglomerate DMCI Holdings, Inc. reported a 20 percent decline in consolidated net income to P24.9 billion last year from the near-record P31.1 billion it earned in 2022. “We saw sharp corrections in...
AbaCore Capital Holdings Inc. boasted that a Singapore-based, long-term-oriented investment fund with a focus on businesses based in Emerging Asia is increasing its investment in the company but declined to name the investor. In a statement, AbaCore said the unnamed investment fund purchased an...
STI Holdings, owner of the largest network of private schools in the Philippines, said it has decided to acquire the Philippine School of Business Administration (PSBA) in both Quezon City and Manila as a strategic move aimed at bolstering business and entrepreneurship education in the country....
Central Azucarera Don Pedro Inc. (CADPI), a wholly-owned sugar mill subsidiary of the First Pacific Co.-controlled Roxas Holdings Inc., announced that it has permanently closed its business operations effective on Feb. 28, 2024 due to serious business losses and the government’s sugar...
DMCI Homes, the Consunji Group’s residential arm, is set to launch its latest leisure development, an eco-agri mountain resort condotel in the town of Tuba, Benguet, following the success of its first leisure property, in San Juan, Batangas. In a statement, the firm said Tuba is an ideal location...
The SM Group continues its commitment to spur local economic growth and homegrown brands through its property arm, SM Prime Holdings Inc. which recently opened its 85th mall in Santo Tomas, Batangas. SM City Sto. Tomas Situated at the foot of Mt. Makiling, SM City Sto. Tomas is conveniently located...
SM Prime Holdings Inc. is allotting P100 billion for capital expenditures this year as it posted a 33 percent jump in consolidated net income to P40 billion in 2023 from the P30.1 billion it earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its consolidated...
