CEBU CITY – A Cebu-based real estate giant has sought a court injunction to stop a contractor’s initial step of foreclosing an integrated beachfront condominium project in a coastal village in Lapu-Lapu City, Cebu. In a 15-page Petition for Permanent Injunction, the Cebu Landmasters Inc. (CLI)...
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...
Prime Solar Solutions Corp. (Prime Solar), a subsidiary of Prime Infra, has activated its 128-megawatt photovoltaic (PV) plants in Tanauan, Batangas, and Maragondon, Cavite, a step towards full commercial operations. Guillaume Lucci, Prime Infra president and chief executive officer, said the move...
CEBU CITY – The newly reelected top official of one of the country’s biggest transport companies has pledged to continuously provide reliable public transport services across all routes they serve. THE Vallacar Transit Inc., the operator of Ceres Transport, has committed to continue its vision...
Razon-led East Zone concessionaire Manila Water Co. has secured a power purchase agreement (PPA) with Manila Electric Company's (Meralco) solar power firm to integrate sustainable energy into its facilities. In a statement on Tuesday, Dec. 10, MSpectrum, Meralco's power unit, announced it would...
ePLDT, the ICT subsidiary of PLDT Inc., and its data center arm, VITRO Inc., are poised to drive enterprise growth by supporting the anticipated surge in Artificial Intelligence (AI) and high-density workloads in the coming years. "It is our aspiration to be the first end-to-end AI services...
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...
With the local stock market at bargain levels, Sy-led property developer SM Prime Holdings Inc. and tycoon Eusebio H. Tanco’s Asian Terminal Inc. (ATI) have decided to buy back their shares worth a total of P12 billion. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime said its...
Metro Retail Stores Group Inc. (MRSGI) is expanding its neighborhood grocery concept by opening new branches and converting existing stores to this format. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it continues to reinforce its presence in the country’s retail sector...
The ribbon-cutting ceremony was graced by HCG Distributorship Manager Paul Wu, Wilcon Depot VP-Human Resources Grace Tiong, President and CEO Lorraine Belo-Cincochan, SEVP-COO Rosemarie Bosch-Ong, Municipality of Pagbilao, Quezon Mayor Angelica “Gigi” Portes-Tatlonghari, Vice Mayor Shierre Ann...
Filinvest Land Inc., one of the property development arms of the Gotianun Group, is raising up to P12 billion from the offer and issuance of Philippine peso-denominated fixed-rate bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its executive committee has approved the...
