DoubleDragon Corporation (DD), the property development venture of tycoons Edgar Sia II and Tony Tan Caktiong, has set new 10-year goals after expressing confidence in hitting initial targets for 2025. During the firm’s annual stockholders’ meeting, DD Chairman Sia said their goal was for the...
Ferronoux Holdings Inc., a publicly listed shell company controlled by tycoon Michael C. Cosiquien, has sold a 23.4 percent stake to Themis Group Corporation, represented by lawyers. In a disclosure to the Philippine Stock Exchange (PSE), Ferronoux said its board of directors approved a private...
The local stock market traded sideways as investors remained cautious even though the US inflation rate was within expectations. The main index shed 1.36 points or 0.02 percent to close at 6,641.35 with the Property sector leading decliners while Conglomerates and Services advanced. Volume was up...
Aboitiz Power Corporation's renewable energy unit, Aboitiz Renewables Inc. (ARI), has energized its largest solar project to date, the 173-megawatt peak (MWp) Calatrava Solar Project in Negros Occidental. "Calatrava is our fifth energized solar facility and the largest in Aboitiz Power's growing...
Gokongwei-led Robinsons Land Corporation (RLC), one of the country’s leading property developers, is spending at least P200 million to upgrade its office buildings with premium amenities and enhanced security features. In an interview, Jericho P. Go, RLC Senior Vice President and General Manager...
ACEN Renewables International Pte. Ltd. (ACRI) announced that its joint venture company has acquired a substantial stake in a solar project in Bangladesh. In a disclosure to the Philippine Stock Exchange on Thursday, Dec. 12th, the firm said that IBV ACEN Renewables Asia Pte. Ltd. confirmed the...
ILOILO CITY – A subsidiary of Meralco PowerGen Corp. (MGen) is providing a P16.45-million lighting system for a football field in this city – La Paz Plaza Football Ground in La Paz District. JAIME T. Azurin, president of Global Business Power Corp., a wholly owned subsidiary of Meralco PowerGen...
Jollibee officially launches its 200th store in Ho Chi Minh City, Vietnam, on Thursday, Dec. 12, 2024. Ho Chi Minh City — Fast-food giant Jollibee Foods Corporation (JFC) marked a new milestone outside the Philippines on Thursday, Dec. 12, officially launching its 200th store here. With...
Two proposed transport infrastructure projects by Megawide Construction Corporation and Maplecrest Group, Inc. are now under comparative challenge status, according to the Public-Private Partnership (PPP) Center. The Cavite Bus Rapid Transit (BRT) System and the Baguio City Integrated Terminal...
Filinvest Land Inc. (FLI) is poised to infuse more assets into Filinvest REIT Corporation (FILRT) after successfully increasing FILRT's public float through a voluntary tender offer that involved a swap of FLI and FILRT shares. In a disclosure to the Philippine Stock Exchange (PSE), FLI announced...
The local stock market continues to see-saw, ending lower today as investors wait for the release of US inflation numbers tonight. The main index fell by 82.11 points or 1.22 percent with the retreat led by the Services counter while the Banking sector managed to hold its ground. Volume declined to...
Uy-led ComClark aviation project faces uncertainty as the Department of Transportation (DOTr) is poised to reject its unsolicited project proposal, according to a Public-Private Partnership (PPP) Center official. "DOTr will soon be sending to the proponent the rejection letter, which will contain...
