Metropolitan Bank & Trust Co. (Metrobank), the Ty family’s banking arm, has successfully raised $1 billion from its offering of a dual tranche, five-year and 10-year US dollar-denominated notes. In a disclosure to the Philippine Stock Exchange (PSE), the bank boasted that “this issuance...
Philex Mining Corporation’s wholly-owned subsidiary Silangan Mindanao Mining Co. Inc. has raised $170-million funding requirement for the development of its Silangan project. In a disclosure to the Philippine Stock Exchange (PSE) the firm said it has signed a Deed of Accession for an additional...
Metropolitan Bank & Trust Company (Metrobank) is planning to raise $500 million from the issuance of "Reg S" US dollar-denominated Senior Unsecured Notes. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it has been rated "Baa2" with a "stable" outlook by Moody’s...
Aboitiz Equity Ventures Inc. (AEV) and Coca-Cola Europacific Partners Plc (CCEP) have completed their $1.8-billion acquisition of Coca-Cola Beverages Philippines Inc. (CCBPI) from The Coca-Cola Company (TCCC). In a statement, AEV said CCBPI, the exclusive bottler and distributor of TCCC...
Metropolitan Bank & Trust Co. (Metrobank), the banking arm of the Ty Group, reported a 28.9 percent growth in net income to a record P42.2 billion as total consolidated assets expanded by 9.2 percent to P3.1 trillion in 2023. “Our solid performance in 2023 was strongly driven by our asset...
The Energy Regulatory Commission (ERC) has clearly stipulated that clearance shall be secured first before Manila Electric Company (Meralco) can pass on costs relating to procured supply from plants running on liquefied natural gas (LNG) – and that is primarily applied to its contracted...
DAVAO CITY – As casualties mount in the landslide in Barangay Masara, Maco, Davao de Oro, an environmental group believes that local government officials and Apex Mining Co. may be held liable for allowing the construction of structures in identified no-build zones that led to the loss of lives....
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Company (Meralco), has bought an additional 2.17 billion shares in SP New Energy Corporation (SPNEC) from Solar Philippines Power Project Holdings Inc. for P2.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said...
The Securities and Exchange Commission (SEC) is warning the investing public against dealing with America Mall-PH and Robinson Company due to their unauthorized solicitation of investments without the necessary license. The SEC issued advisories against the two firms that are enticing the public to...
Miescor Infrastructure Development Corporation (MIDC), which is an affiliate company of Manila Electric Company (Meralco), is firming up a joint venture (JV) deal with Phil-Tower Consortium Inc. (PhilTower) for investment rollout of 4G and 5G mobile infrastructure in the telecommunications...
Apex Mining Company, a publicly-listed firm controlled by billionaire Enrique K. Razon Jr., has tapped the Lopez Group’s First Gen Corporation to boost the share of renewable sources in its energy mix. Apex Mining President and CEO Luis R. Sarmiento leads the contract signing between Apex Mining...
The household budgets of customers served by power utility giant Manila Electric Company (Meralco) will be stretched thin this February, because the all-inclusive electricity rate to be passed on by the giant utility firm is anticipated to increase in this billing cycle. According to Meralco Vice...
