Tycoon Manuel V. Pangilinan is not ruling out plans to revive Smart Money, a pioneer in the mobile wallet space, despite the executive leading its comeback having since stepped down. Pangilinan, chairman and chief executive officer (CEO) of Smart Communications Inc., said the company still...
Telecommunications giant PLDT Inc. posted higher earnings in the third quarter even as its digital bank arm, Maya, experienced a slight setback in its growth momentum following its delinking from online gambling platforms. PLDT Chairman and Chief Executive Officer (CEO) Manuel V. Pangilinan said...
STI Education Systems Holdings Inc. posted a 38 percent jump in net income to ₱2.22 billion for the fiscal year ended June 30 this year from ₱1.61 billion the year prior, fueled by continued enrollment growth. In a disclosure to the Philippine Stock Exchange, the firm, which owns the...
Manila Electric Co. (Meralco), the country’s largest power distributor, reported a 14 percent surge in consolidated core net income for the first nine months of the year, driven by robust performance in its power generation businesses that more than offset a slight decline in electricity...
GT Capital Holdings Inc. (GT Capital) has signed a memorandum of agreement (MOA) with Ateneo de Manila University (ADMU) to put up a new Ateneo campus at Riverpark, a township of wholly owned subsidiary Federal Land Inc. in General Trias City, Cavite. In a disclosure, GT Capital said the new...
The merger of two businesses is typically driven by the desire to improve efficiency, aiming for better customer service and, of course, greater growth potential. This aspiration has been realized by business stalwarts Ramon “RSA” S. Ang, president and chief executive officer of diversified San...
Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay. The setting of the final offering price, which puts the IPO size at...
Metro Pacific Investments Corp. is committed to regaining majority control over Metro Pacific Hospitals Corp. (MPHC) six years after it had decided to trim down its interest to 20 percent to raise funds for its other ventures. In an interview, MPIC Chief Finance, Risk, and Sustainability Officer...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
Manuel V. Pangilinan-led Metro Pacific Investments Corp. (MPIC) expects to sustain its double-digit growth trajectory when it reports its third-quarter financial performance in November. In an interview, MPIC Chief Finance, Risk, and Sustainability Officer Chaye Cabal-Revilla said the company’s...
Metro Pacific Investments Corp.’s (MPIC) digital healthcare arm mWell has partnered with the Department of Information and Communications Technology (DICT) to explore the integration of healthcare services into the government’s eGov PH App. According to MPIC, the collaboration aims to create...
Tycoon Manuel V. Pangilinan, who leads one of the biggest conglomerates in the country, warns of the adverse impact of the corruption scandal on the Philippine economy and credit ratings. Speaking at the 57th FINEX annual conference, he said that, because of this corruption scandal, “government...
