Top township developer Megaworld Corp. is raising its capital expenditure by 30 percent this year to ₱65 billion amid its pivot toward aggressive expansion in provincial markets. In a disclosure to the Philippine Stock Exchange, the firm said the developer, which had previously earmarked ₱50...
Top township developer Megaworld Corp. is embarking on a multi-year expansion of its meetings and exhibitions business across its nationwide township portfolio as it looks to capitalize on rebound in regional tourism. In a disclosure to the Philippine Stock Exchange on Wednesday, Jan. 21, the...
Top office landlord Megaworld Corp. is aiming to attract more Fortune 500 multinational companies (MNCs) to set up shop in its townships, as the firm continues expanding office spaces toward its two-million-square-meter (sqm) target. To further cement its status as the Philippines’ biggest office...
Top township developer Megaworld Corp. is investing an initial ₱8 billion to develop the 97-hectare “The Sugartown” along the Bacolod-Silay Airport Road in Talisay City, Negros Occidental. In a disclosure to the Philippine Stock Exchange, the firm said this will be its 37th township...
Despite an upbeat start in January, capital market observers agree that 2025 was a disappointing year for the Philippine Stock Exchange (PSE) as the local bourse underperformed significantly while its regional peers rallied. The PSE index closed the final trading day of 2025 at 6,052.92 points,...
The local stock market is poised to gain momentum this week, driven by expected rate cuts from the United States (U.S.) Federal Reserve and the Bangko Sentral ng Pilipinas (BSP), alongside influential domestic labor and foreign investment data. Philstocks Financial Research Manager Japhet...
Buoyed by the solid performance of its core businesses, top township developer Megaworld Corp. saw its nine-month net income surge 14 percent to nearly ₱18 billion, from the ₱15.7 billion recorded in the same period last year. The firm said in a disclosure to the Philippine Stock Exchange that...
Stock market investors will focus on a data-heavy week, with trading cues centered on the release of inflation and economic growth figures and the highly anticipated listing of Maynilad Water Services Inc. shares following its massive initial public offering (IPO). However, Philstocks Financial...
Ports, gaming, and infrastructure magnate Enrique K. Razon Jr. has found a buyer for his casino in South Korea, Jeju Sun Hotel & Casino, which is owned through an indirect subsidiary of Bloomberry Resorts Corp. In a disclosure to the Philippine Stock Exchange (PSE), Bloomberry said its South...
Top township developer Megaworld Corp. is reinvesting ₱3.4 billion from the recent sale of MREIT Inc. shares to expand the offerings of its three township developments in Bacolod, Mactan, and Palawan. In a disclosure to the Philippine Stock Exchange (PSE), the firm said portions of the share...
Five Filipina chief executives in financial services and real estate were named in Fortune Magazine’s 100 Most Powerful Women in Asia list for 2025. Named to the list are: Martha Sazon of Mynt-Gcash (#37), Anna Ma. Margarita Bautista Dy of Ayala Land Inc. (#69), Lynette V. Ortiz of Land Bank of...
Investors are hoping that the Bangko Sentral ng Pilipinas’ (BSP) policy meeting and the domestic inflation rate announcement this week will be the catalyst needed to spur trading activity in the local stock market. “The local market managed to partially recover some lost ground in last week’s...
