Emperador Inc., tycoon Andrew Tan’s global liquor conglomerate, is seeing signs of recovery in its domestic and overseas businesses, particularly in the lower-priced brandy segment. During the firm’s annual stockholders’ meeting, Emperador President and CEO Glenn Manlapaz said there is a...
Shakey’s Pizza Asia Ventures, Inc. (SPAVI), the Po family’s restaurant and kiosk operator, is not letting a good crisis go to waste as the company is treating the current environment as a stress test to streamline operations—including closing underperforming stores—to prepare for growth...
The Lopez family majority alleged that First Gen Corp.’s decision to reduce its stake in Prime Hydropower Energy, Inc. (PHEI) from 40 percent to 33 percent is invalid, as it was never presented to the board of directors for approval and lacks a board mandate. The move was made just three weeks...
Ayala-led Globe Telecom Inc. has secured a ₱5-billion loan from BDO Unibank Inc. to help finance its capital expenditures (capex) for the year, aimed at keeping pace with the country’s growing data demand. In a disclosure dated June 23, Globe said it signed a loan facility with BDO to partially...
Saavedra-led Megawide Construction Corp. expects its net income to surge 79 percent this year, driven by the growing pipeline of state-backed housing projects and aggressive debt reduction. Edgar Saavedra, Megawide chairman and chief executive officer, said the company is targeting a net profit of...
Antonio-led Century Properties Group Inc. is raising ₱3 billion through a private placement of corporate notes to bankroll its project pipeline and expand its land bank. In a disclosure to the Philippine Stock Exchange, the firm said its board approved the issuance of five-year, fixed-rate notes....
The Gokongwei Group’s real estate arm, Robinsons Land Corp. (RLC), is injecting six malls worth ₱10.6 billion into its real estate investment trust, RL Commercial REIT, Inc. (RCR), via its next wave of asset-for-share swaps. In a disclosure to the Philippine Stock Exchange (PSE), RCR said its...
With Mynt-GCash racing to become the first Philippine financial technology (fintech) initial public offering (IPO) to raise $1 billion and sister company Vitro Inc. also seeking approval for a ₱24-billion real estate investment trust (REIT) stock market debut, market experts are weighing whether...
Click Space, the flexible workspace offering of Ayala Land Offices (ALO), has signed up global digital healthcare provider Eucalyptus, highlighting the growing demand for workplaces that can support more complex operational requirements. ALO said this also reflects the continued evolution of the...
The country’s first digital infrastructure real estate investment trust (REIT) is moving forward as integrated telco PLDT Inc. prepares to offer nearly 49 percent of its data center arm to the public, aiming to raise up to ₱24.2 billion. In a disclosure on Monday, June 22, PLDT announced that...
The majority owners of the Lopez family are stepping up their opposition against First Gen Corp.’s leadership, alleging that the power producer is bearing the entire financial burden of the multi-billion-peso renewable energy deal while securing only a minority position. In a statement on Friday,...
SM Prime Holdings Inc., the country’s largest property developer by market value, is expanding its commercial footprint in Quezon City to capture resilient corporate demand amid tightening supply of tax-incentive-eligible office spaces in Metro Manila. SM Offices, the commercial leasing arm of...
