Alternergy Holdings Corp. and ABC Energy Inc. completed their ₱2.3 billion transaction for two wind power projects, securing financial backing as the facilities prepare to begin commercial operations later this year. Under the finalized agreement, ABC Energy acquired a 40 percent equity stake in...
Ty siblings Arthur Ty and Alfred Ty, the chairman and a director, respectively, of Metropolitan Bank & Trust Co. (Metrobank), have scooped up ₱385.12 million worth of the bank’s shares amid recent weakness in its share price. In separate disclosures to the Philippine Stock Exchange (PSE) on...
The 12th edition of the Malasimbo Music & Arts Festival brought Puerta Real Gardens in Intramuros to life with a vibrant blend of music, art, and sustainability. Families flocked to the Kids Village, where they took part in workshops on yoga, poi spinning, crochet, drumming, and origami....
A Brown Co. Inc. has raised ₱4 billion from its maiden fixed-rate bond issuance, which will be deployed to support the growth of its real estate and renewable energy (RE) businesses. Now listed on Philippine Dealing & Exchange Corp. (PDEx), the issuance consists of series A three-year fixed-rate...
Manuel V. Pangilinan-led Manila Electric Co. (Meralco) and its power generation arm are partnering with Vietnam-based VinEnergo Energy Joint Stock Co. (VinEnergo) to explore about five gigawatts (GW) worth of renewable energy (RE) projects in the Philippines. In a statement on Tuesday, June 23,...
Philippine conglomerates operating in critical sectors like real estate, power, energy, and telecommunications are facing heightened financial strain from the strengthening United States (US) dollar, which threatens to inflate the cost of their foreign-denominated debt. The brewing corporate...
As the proposed Philippine Strategic Petroleum Reserve (PSPR) takes shape, consumers must keep a close eye on the government and their hands firmly on their wallets. While the country may need an oil stockpile, taxpayers and motorists should not end up becoming the reserve’s permanent source of...
The Meralco Theater in Pasig City is built to showcase spectacle, but on a late May evening, the most arresting sight was the man in the wheelchair. Manuel V. Pangilinan—the 79-year-old tycoon, known by his initials, MVP—was celebrating the 45th anniversary of First Pacific Co., the Hong...
SM Investments Corp. (SMIC) increased its group-wide renewable energy sourcing to 31 percent of total electricity consumption last year, accelerating its shift toward cleaner energy across its sprawling retail, property, and banking empire. SMIC said its transition to green energy rose from 27...
Lakeside living in the north starts now! With a stunning sunset in the background, attendees of the grand launch of the Sta. Monica Lake Residences witnessed a milestone moment unfolding before their very eyes. Sta. Lucia Land, Inc. and 1 Premiere Land Marketing Co. hosted a lovely grand launch...
GT Capital Holdings Inc., the investment vehicle of the late tycoon George Ty’s family, reported a three percent decline in consolidated net income for the first quarter of 2026, as a global economic slowdown and supply chain bottlenecks pressured its automotive and real estate units. The firm...
Metro Pacific Investments Corp. (MPIC) reported a five percent increase in first-quarter core profit as robust demand for power and healthcare services offset higher interest expenses and the diluted stake in its water utility. Manuel V. Pangilinan, MPIC chairman, president, and chief executive...
