The proposed merger between Metro Pacific Tollways Corporation and SMC Tollways of San Miguel Corporation may be closed as early as July this year with the signing of a definitive agreement. In an interview at the sidelines of the PLDT annual stockholders’ meeting, Metro Pacific Investments...
PLDT Inc. Chairman Manuel V. Pangilinan dismissed any hope for an initial public offering in the next two years by digital bank Maya, which it controls through Voyager Innovations Inc., because the firm has yet to have the required three-year profit track record. “We have a lot of work ahead of...
Telecom giant PLDT Inc. is no longer pushing through with the establishment of a real estate investment trust (REIT) for its $1 billion data center business as it is now in the advanced stages of selling a 49 percent stake to a strategic investor. PLDT Chairman, President and CEO Manuel V....
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
PLDT Inc. expects to find a likely candidate for the successor of its former President Alfredo Panlilio by next year as Chairman and CEO Manuel V. Pangilinan does not intend to hold on to the post for long. PLDT Chairman and CEO Manuel V. Pangilinan “The search is ongoing. I have seen two or...
PLDT Inc., the country’s largest telecommunications firm, is considering the sale or the real estate investment truest (REIT) listing of its data center business which it values at more than $1 billion. PLDT Chairman and CEO Manuel V. Pangilinan In an interview, PLDT Chairman and CEO Manuel...
PLDT Inc., the country’s largest telecommunications firm, expects single digit growth in revenues this year with a net income of about P35 billion as it reported a nine percent year-on-year growth in net income to P9.8 billion in the first quarter of 2024. PLDT and Smart Chairman and CEO Manuel...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
Telecom giant PLDT Inc. and its wireless unit Smart Communications Inc. (Smart) have been named among the top one percent of Leading Employers of 2023 by German firm Institute of Research & Data Aggregation. In a statement, PLDT said only top 800 companies globally were certified as leading...
