GMA Network Inc. has failed to secure a temporary restraining order (TRO) against the Securities and Exchange Commission’s (SEC) new rules imposing a strict term limit on independent directors of publicly listed companies. Makati City Regional Trial Court (RTC) Branch 38 denied an application for...
Tycoon Isidro A. Consunji has been elected chairman of Dominion Holdings Inc., succeeding SM Investments Corp. President Frederic C. DyBuncio as the Sy and Consunji families rearrange leadership within their joint investment vehicle. In a disclosure to the Philippine Stock Exchange, the firm said...
Gen. Jose Melencio C. Nartatez, Jr., chief of the Philippine National Police (PNP), has ordered concerned police units to maximize coordination with as many stakeholders, including schools and community-based groups, to extend assistance to the people in need amid the monitored increase in...
SM Prime Holdings Inc. (SM Prime), the country’s top mall operator, is working with government agencies to leverage the prime locations of its malls for the development of transport infrastructure projects that will ease daily commuting across the Greater Manila Area. “Urban mobility is central...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, is opening SM City Zamboanga on Friday, March 20, marking its eighth mall in Mindanao and its 90th mall in the Philippines. Reinforcing its growing footprint in the southern island of Mindanao, the four-level...
Sy-led SM Investments Corp. (SMIC) and its real estate subsidiary SM Prime Holdings Inc. (SM Prime) are planning to tap the offshore bond market to fund their continued growth and expansion. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, March 17, the two firms said SMIC SG...
D.M. Wenceslao & Associates Inc., the developer behind the Aseana City business district, reported a 5.6 percent increase in core net income last year as higher residential sales and commercial leasing offset a stagnant land rental market. In a disclosure to the Philippine Stock Exchange, the real...
National day receptions often follow a familiar rhythm—anthems, speeches, ceremonial toasts, and a ballroom filled with diplomats, policymakers, cultural purveyors, and business leaders moving easily between conversations. Yet some evenings carry a deeper sense of history and the relationships...
Philippine Geothermal Production Co. (PGPC), the renewable energy unit of SM Investments Corp. (SMIC), plans to spend at least ₱2.9 billion this year to ramp up drilling and exploration across its existing facilities and six new concession areas. Frederic C. Dybuncio, SMIC president and chief...
Cebu-based fuel distributor and retailer Top Line Business Development Corp. plans to tap capital markets this year to fund aggressive expansion of its supply chain and retail footprint following record financial growth. Eugene Erik C. Lim, Top Line president and chief executive officer, said the...
SM Investments Corp. (SMIC) is considering reducing its stake in Atlas Consolidated Mining Corporation or taking it out of its investment portfolio since it does not have any synergy with any of the group’s businesses. In a briefing on Monday, March 2, Frederic C. DyBuncio, SMIC president and...
SM Investments Corp. (SMIC), the holding company of the Philippines’ wealthiest family, is ramping up capital spending across its core businesses as it bets on provincial consumption boom to drive growth through 2026. In a briefing on Monday, March 2, SM Investor Relations and Sustainability Head...
