Toyota Financial Services Philippines Corp. (TFSPH), the automotive financing and leasing arm of GT Capital Holdings, Inc. (GT Capital), successfully raised ₱5 billion after its minimum ₱2 billion fixed-rate bonds offering was 3.5 times oversubscribed. GT Capital disclosed to the Philippine...
Life in the metro comes with constant pressure, traffic, deadlines, and daily noise that wear you down. In Pasig City, The Grand Midori Ortigas offers a place to pause and reset, as Federal Land inaugurates the first tower of this development designed to support comfort, well-being, and mindful...
Dexter Tiu’s Pure Energy Group is undertaking a ₱99.7 million mandatory tender offer to acquire all the shares of Coal Asia Holdings Inc. held by minority shareholders after buying 71.6 percent of the company from its principal owners. A Share Purchase Agreement was signed among Coal Asia’s...
AbaCore Capital Holdings, Inc. has finally secured the approval of the Securities and Exchange Commission (SEC) for the distribution of its cash and property dividends worth ₱418.59 million which it declared way back in 2022. In a disclosure to the Philippine Stock Exchange, the firm said it...
Chances are, you 've had or even knew someone who owned a Honda CR-V. One of the vehicles that defined the burgeoning crossover SUV segment in the 90s, the CR-V showed that capable SUVs can in-fact be built from lighter car unibodies (as opposed to traditional ladder frames), and still meet...
Diversified engineering conglomerate DMCI Holdings, Inc. has declared a special cash dividend of ₱0.48 per share, amounting to ₱6.4 billion, following a hefty ₱5.33 billion cash dividend declaration by subsidiary Semirara Mining and Power Corp. In a disclosure to the Philippine Stock...
State-run Planters Products Inc. (PPI) has returned to the fertilizer market after more than four decades of hiatus, bringing relief to thousands of farmers seeking to lower production costs, the Department of Agriculture (DA) said. PPI, an attached corporation of the DA, entered the fertilizer...
Telco-to-tech provider Converge ICT Solutions Inc. is set to activate before the end of the year two subsea cable systems that would link the Philippines to other connection points in the Asia-Pacific region, stimulating quicker internet speed and data transmission. Converge Chief Executive Officer...
Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay. The setting of the final offering price, which puts the IPO size at...
Telco-to-tech provider Converge ICT Solutions Inc. will proceed with plans to spin off its extensive fiber network as a new unit to fully maximize its assets once the implementing rules and regulations (IRR) of a law expanding internet access is finalized. Converge Chief Executive Officer (CEO)...
Top township developer Megaworld Corp. is subscribing to an initial ₱187.5 million in its real estate investment trust MREIT Inc., which is increasing its authorized capital by ₱3 billion in preparation for the next batch of its share-for-asset swap. In a disclosure to the Philippine Stock...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
