Sy-led SM Investments Corp. and its property arm, SM Prime Holdings Inc., are poised for substantial financial windfall starting in 2027 as they unlock value from a long-dormant premium estate south of Manila. According to Abacus Securities Corp., the joint development of the 284-hectare Susana...
Citicore Power Inc. (CPI) is distributing shares of solar energy developer Citicore Renewable Energy Corp. (CREC) to its shareholders Edgar Saavedra and Oliver Tan to consolidate their direct interest in the publicly listed CREC. In a disclosure to the Philippine Stock Exchange (PSE), CREC said CPI...
Despite the ongoing political noise and challenges in the business environment, SM Retail is optimistic about its performance this quarter while continuing to expand its operations by opening new stores nationwide. “We remain hopeful because it’s Christmas time. Filipino consumers usually, with...
SM Investments Corp. (SMIC) Chairman Emeritus Jose T. Sio has been named an honorary life member of the Philippine Institute of Certified Accountants (PICPA), the accredited professional organization of certified public accountants (CPAs). The organization recognized Sio for “over 20 years of...
Metro Pacific Coconut Holdings Corp. (MPCH), a subsidiary of Metro Pacific Investments Corp. (MPIC), has increased its market share to nearly 70 percent of the country’s food-grade coconut exports after completing the acquisition of Franklin Baker Co. of the Philippines. MPIC said in a statement...
The government is now scrambling to pay up to ₱4 billion in outstanding obligations to Light Rail Manila Corp. (LRMC) in hopes of maintaining the confidence of the Pangilinan-led Metro Pacific group in Light Rail Transit Line 1 (LRT-1). Acting Transportation Secretary Giovanni Lopez said the...
Metro Pacific Hospitals Corp. (MPHC) will have to ramp up its expansion program until its size is able to command the target divestment value of top shareholders Kohlberg Kravis Roberts & Co. (KKR) and Singapore’s wealth fund GIC Pte. Ltd. Metro Pacific Investments Corp. (MPIC) Chairman,...
Pangilinan-led Metro Pacific Investments Corp. (MPIC) sustained its strong growth momentum in the first nine months of 2025, with consolidated core net income rising 14 percent to ₱23.6 billion from ₱20.8 billion for the same period last year. The firm said improved financial and operational...
Hong Kong — Metro Pacific Investments Corp. (MPIC) has revived plans to secure strategic investors for its tollways business in a bid to ease its significant debt burden. Chaye Cabal-Revilla, MPIC chief finance, risk, and sustainability officer, said the conglomerate is seeking to sell a 20...
HONG KONG — Metro Pacific Investments Corp. (MPIC) has begun due diligence on PrimeWater Infrastructure Corp. and its assets, a process that will determine whether the conglomerate makes a formal bid to acquire the water utility from the Villar family. “We signed a non-disclosure agreement with...
SM Investments Corp. (SMIC) reported that its nine-month profit increased, driven by the sustained performance of its banking and property businesses, which helped the conglomerate navigate challenges from weather and flooding. In a statement on Wednesday, Nov. 12, the Sy family-led holding company...
Metro Pacific Investments Corp. (MPIC) is considering selling its stake in the private operator of the Light Rail Transit Line 1 (LRT-1) as losses continue to mount, according to business titan Manuel V. Pangilinan. “We continue to lose money on LRT-1, and I think we’re considering selling...
