RL Commercial REIT Inc. will join the Philippine Stock Exchange index (PSEi), the nation’s 30-company benchmark, replacing Alliance Global Group Inc. as part of a semi-annual reshuffle of the local equity market’s gauges. The Philippine Stock Exchange announced the changes following review of...
Top lender BDO Unibank, Inc. reported that it has raised ₱100 billion from its fifth Peso-denominated ASEAN Sustainability Bonds issue was 20 times oversubscribed from the original ₱5 billion offering. “This issuance saw robust participation from retail and institutional investors, prompting...
AC Logistics Holdings Corporation, a wholly-owned subsidiary of Zobel-led conglomerate Ayala Corp., is expanding its nationwide coverage by acquiring a majority stake in Glacier Megafridge, Inc. (GMI), one of the leading players in the Philippine cold storage industry. Ayala disclosed to the...
Specialized food ingredients and plastics manufacturer D&L Industries Inc. is moving to commercialize a proprietary technology that integrates indigenous plant fibers into plastic production, a step aimed at capturing a slice of the growing global market for sustainable materials. The company’s...
DMCI Homes, the residential arm of DMCI Holdings Inc., plans to spend ₱16 billion in capital expenditures this year as it bets on recovery in the property market driven by the prospect of easing interest rates. In a briefing, DMCI Homes President Alfredo R. Austria said the developer intends to...
Dominion Holdings Inc., the former leasing arm of BDO Unibank Inc., is pivoting toward the mining industry following a ₱2.54 billion acquisition by Monte Sur Equity Holdings Inc. that shifts control of the investment vehicle. In a disclosure to the Philippine Stock Exchange, Dominion said its new...
With competition heating up among townships strung along the C-5 corridor from Quezon City to Pasig CIty, the Ayala-Lucio Tan Group (LTG) joint venture (JV) Parklinks estate is stepping into the fray with the opening of its own mall, envisioned to set it apart from rivals. In an interview on...
Ayala Land Offices Inc., the office development arm of property giant Ayala Land Inc., has secured a five-year lease agreement with state-run Land Bank of the Philippines for a sprawling office facility at the Ayala Malls Manila Bay Corporate Center. The transaction expands the footprint of Ayala...
CALAPAN CITY, Oriental Mindoro – Nineteen security guards assigned to the allegedly anomalous multi-million flood control projects by Sunwest Inc. in Naujan and Bongabong towns in Oriental Mindoro have filed individual complaints before the Department of Labor and Employment against their...
Six years ago, Philippine Airlines (PAL) was flying through an existential storm, operating repatriation flights while the rest of the world’s hangars went dark. Today, the “Heart of the Filipino” has found its second wind. At a star-studded 85th-anniversary gala attended by President...
Sy-led top lender BDO Unibank Inc. has sold a controlling 70-percent interest in publicly listed Dominion Holdings Inc. (DHI) to Monte Sur Equity Holdings Inc. for ₱2.54 billion, ending up as a minority shareholder with an 18.54-percent stake. BDO disclosed to the Philippine Stock Exchange (PSE)...
Leading Philippine property developer Sta. Lucia Land Inc. welcomes property buyers and investors to discover the pleasures of metro living in one of its flagship projects in Quezon City, the Acropolis Loyola. Located along Katipunan Avenue Extension, Acropolis Loyola is a 40-hectare high-end...
