Security Bank Corporation and its shareholder, Bank of Ayudhya PCL (Krungsri), may soon merge Home Credit Philippines (HCP) following the recent exit of MUFG Bank Ltd. from HCP. Security Bank has entered into an agreement to acquire MUFG’s 25 percent stake in HC Consumer Finance Philippines Inc....
Today is the last day for the few remaining stockholders of SFA Semicon Philippines Corporation (SSP) to sell or add more of the firm’s shares as these will be delisted from the Philippine Stock Exchange (PSE) on Thursday, Dec. 12, 2024. The PSE said in a memorandum that it has approved the...
Real estate giant Ayala Land, Inc. has raised P2.78 billion from the sale of 75 million common shares of AREIT, Inc. at a transaction price of P37.00 per share. In a disclosure to the Philippine Stock Exchange, ALI said the shares, equivalent to about 2.33 percent of AREIT, were sold under a...
Zobel-led Ayala Corporation has increased its stake in iPeople Inc., its partnership with the Yuchengco Group in the education sector, by acquiring the interest of A. Soriano Corporation (Anscor). In a disclosure to the Philippine Stock Exchange, Ayala said it has executed with Anscor a Share...
The local stock market bounced back from the previous day’s loss on the back of a stronger peso. The main index added 44.45 points or 0.66 percent to close at 6,724.82 with the Mining sector leading the advance while Banks lagged behind. Volume was still strong at 783 million shares worth P8.54...
Property giant Ayala Land Inc. (ALI) is preparing another asset infusion into its real estate investment trust, AREIT Inc., following the divestment of P2.78 billion worth of AREIT shares. Philippine Stock Exchange data showed that three blocks sales of AREIT shares were done at the bourse...
The Ayala Group has forged a private-public partnership with the Department of Education and Khan Academy that aims to boost the key competencies in the country by giving Filipino students and teachers access to 21st century digital learning. In a statement, the group said Ayala Corporation, Ayala...
The Philippine Stock Exchange index (PSEi) opened the week lower as investors awaited US inflation data and Philippine investment and trade numbers. The main index dropped 48.57 points, or 0.72 percent, to close at 6,680.57. Conglomerates led the decline, while Banks and Services managed to...
Megawide Construction Corporation, through its Precast and Construction Solutions (PCS) unit, made another strong impression at the Philconstruct 2024 Expo, held at the World Trade Center and SMX Convention Center from November 7 to 10, 2024. “Our participation in Philconstruct 2024...
Manila Electric Co. (Meralco) and New NAIA Infra Corp. (NNIC) have partnered to modernize the Ninoy Aquino International Airport (NAIA) with sustainable and reliable energy solutions. In a statement on Monday, Dec. 9, Meralco said the partnership aims to address NAIA's persistent power issues and...
Citicore Renewable Energy Corporation (CREC) and global photovoltaic (PV) inverter and energy storage system provider Sungrow Power Supply Co., Ltd. have inked a deal for Battery Energy Storage Systems (BESS) to power CREC’s solar projects. In a disclosure to the Philippine Stock Exchange on...
The Energy Regulatory Commission (ERC) has approved a P20.65-billion transmission line project proposed by the National Grid Corporation of the Philippines (NGCP) to strengthen the country's grid connection. The Balaoan-Laoag 500-kilovolt (kV) transmission line will accommodate wind and solar power...
