SM Investments Corporation (SMIC) is acquiring 81 percent of Allfirst Equity Holdings Inc. (Allfirst), to gain full ownership of Philippine Geothermal Production Company, Inc. (PGPC), for P15.73 billion. In a disclosure to the Philippine Stock Exchange, SMIC said its Board of Directors has approved...
Metro Pacific Investments Corporation has acquired full ownership of affiliate Landco Pacific Corporation, a real estate developer, through the conversion of receivables worth P429.33 million into equity. In a disclosure to the Philippine Stock Exchange, MPIC said it has entered into deeds of...
A House leader is looking forward to seeing the positive effects of Republic Act (RA) No.11659 or the Public Service Act, which President Duterte signed last week. (Shivendu Shukla/ Unsplash) “Opening up some of our industries like telecommunications, railways, and airlines to full foreign...
Former defense secretary and senatorial candidate Gilbert Teodoro on Wednesday called on the government to provide stable investment policies that would complement the passage of three key economic laws that are aimed to attract more foreign investors in the Philippines. Teodoro, a former Tarlac...
SM Investments Corporation (SM Investments) and SM Development Corp. (SMDC) chalked up wins from the 57th Anvil Awards dubbed as the Gabi ng Parangal. Conferred by the Public Relations Society of the Philippines (PRSP), SM Investments gained the nod of the board of judges and won both Silver Awards...
The Fiscal Incentives Review Board (FIRB) is supporting the proposal on the Strategic Investment Priority Plan (SIPP) by the Board of Investments (BOI), an attached agency of the Department of Trade and Industry (DTI). The SIPP will serve as the primary basis for determining which projects or...
Metro Pacific Investments Corporation reported a 20 percent improvement in consolidated core net income to P12.3 billion last year from P10.2 billion in 2020. In a press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revillas said “This substantial improvement from the 13 percent growth...
Senatorial candidate Herbert “Bistek” Bautista on Friday expressed belief that a reliable and faster internet connection in the country is possible especially if Filipino and foreign investors would merge resources to service communities who are out of reach of the top three telecommunication...
SM Investments Corporation, one of the country’s biggest conglomerates, reported a 65 percent surge in net income to P38.5 billion last year from P23.4 billion in 2020. In a disclosure to the Philippine Stock Exchange, the holding company of the Sy family said its consolidated revenues grew 9...
Malacañang is expecting more livelihoods for Filipinos to be generated as approved foreign investments jumped in 2021 amid improving economic conditions despite the pandemic. People flock to Ilaya in Binondo, Manila to shop, with the National Capital Region enjoying the benefits of easing of...
SM Investments Corporation has listed its P15-billion fixed rate bonds at the Philippine Dealing and Exchange Corp. (PDEx) after the offering was 3.7 times oversubscribed to as much as P55 billion. Investors snapped up the bonds after the offering closed on February 11, 2022, a strong testament to...
NEDA cites 3 crucial economic measures By Chino S. Leyco The National Economic and Development Authority (NEDA) has identified three economic liberalization measures that are crucial in accelerating economic growth this year and beyond. In a statement, Socioeconomic Planning Secretary Karl Kendrick...
