The Philippine Stock Exchange (PSE) has approved the voluntary trading suspension sought by Asiabest Group International Inc. (ABG) in response to shareholder calls for transparency and to avoid speculation while awaiting the final appraisals of assets to be infused into the company. “The...
As soon as the country flips its calendars to September, the air turns cooler, and malls and parks begin to glow with the warmth of the coming holidays. Embracing this festive spirit, Davao City lit up with Bright Beginnings, the ceremonial opening and Christmas lighting of Azuela High Street Park...
Diversified conglomerate San Miguel Corp. (SMC) leads the nine Filipino companies included in Forbes Magazine’s World’s Best Employers list this year, which consisted of 900 companies. SMC was ranked at No. 42, the only Philippine company in the top 100, followed by Ayala Corp. (139),...
Century Properties Group Inc. (CPG) has launched the ₱1.3-billion Azure North Townvillas, an exclusive and premium house-and-lot enclave, to capitalize on Pampanga 's emergence as a major residential investment in Central Luzon. In a disclosure to the Philippine Stock Exchange (PSE), CPG...
Real estate giant Ayala Land Inc. has started the ₱10.3 billion development of Ascenda, a 204-hectare master planned, nature-inspired development in partnership with the Floirendo family’s Anflocor Group. Ascenda is ALI’s first horizontal estate and biggest investment in Mindanao. To kick...
Tycoon Andres Soriano III’s A. Soriano Corp. (Anscor) has earned ₱300 million in less than a year from the sale of its 22 percent stake in TBG Food Holdings Inc., the owner of The Bistro Group restaurant business, to Bounty Fresh founder Tennyson Chen’s Inoza Business Holdings Inc. for...
The World Bank has extended a $1.7-million, or over ₱98-million, grant to the Philippines to help prepare for a potential project loan that would support early childhood education in the country. In a Sept. 20 letter to Finance Secretary Ralph G. Recto, the World Bank said this financing was...
It was a quiet Sunday in 2009, a day of reprieve for business journalists enjoying a brief ceasefire from the endless churn of the financial markets. But one reporter’s weekend “me time” at the familiar, bustling SM North EDSA was about to take an unexpected turn. Suddenly, she spotted them:...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) has expanded its branch network to 78 stores with the opening of Metro Store and Supermarket in Bais City, marking the community and the retail chain’s continued growth in the Visayas. The firm said its newly launched Metro Market and Department...
The Philippines will borrow $800 million, or over ₱45 billion, from the World Bank next year for another development policy loan (DPL) that aims to increase clean energy use and enhance water management in the country. In a Sept. 23 project information document (PID), the Washington-based...
The Palawan Group of Companies reached a new milestone with the successful staging of its inaugural Marketing Summit, “Palawan NEXTGEN: Marketing in the Age of AI, CX, and Innovation” at Valle Verde Country Club, Pasig City. The two-day summit united an elite roster of experts in finance,...
The Marcos Jr. administration will borrow $650 million, or over ₱37 billion, from the World Bank next year to sustain the conditional cash transfers for the Pantawid Pamilyang Pilipino Program (4Ps) and ensure that its youth beneficiaries land jobs. According to a Sept. 20 project information...
