The Yuchengco family’s holding company, House of Investments (HI), continues to divest from former subsidiary EEI Corporation, this time with the sale of a 4.5 percent stake to a Singaporean firm. In a disclosure to the Philippine Stock Exchange (PSE), HI said it has sold 4.5 percent of EEI to...
The Securities and Exchange Commission (SEC) has approved the planned issuance by Century Properties Group Inc. (CPGI) of up to P5 billion worth of preferred shares subject to some conditions. In a disclosure to the Philippine Stock Exchange (PSE), CPGI said it has received the Pre-Effective Letter...
The Television and Production Exponents Inc. (TAPE) will file an appeal to overturn the decision of a Marikina court which barred it from using the trademarks “Eat Bulaga” and “EB.” In a decision dated Dec. 22 but was released on Jan. 5, the Marikina Regional Trial Court Branch 273...
Razon-led Manila Water Co. Inc. said it is on track to complete the Cayetano Pumping Station and Reservoir in Taguig City by 2025, a move that will help reduce its reliance on Angat dam as the main water source. In a statement, Jeric Sevilla, Manila Water corporate communication affairs director,...
Chemrez Technologies Inc., a wholly owned subsidiary of D&L Industries and the country’s pioneer in green chemistry, is bullish after the publication of the Department of Energy's (DOE) draft circular which lays down the guidelines on the increase in biofuel blend implementation. In a...
Richest Filipino Manuel B. Villar’s property development firm, Vista Land & Lifescapes Inc. is planning to raise up to $2 billion through wholly-owned subsidiary VLL International Inc. Vista Land, one of the country’s leading integrated property developers and the largest homebuilder,...
Megaworld Corporation and its real estate investment trust MREIT Inc. have agreed to move back their planned asset-for-share swap to May 31, 2024 from the original target of sometime in the third quarter of 2023. In a disclosure to the Philippine Stock Exchange (PSE), MREIT said this is regarding...
BDO Unibank Inc. (BDO) announced that it has completed its buyout of the interests of Keppel Philippines Properties Inc. and Opon-KE Properties Inc. (the Keppel Group) in SM Keppel Land Inc. (SM Keppel). In a disclosure to the Philippine Stock Exchange (PSE), the bank said this follows the...
West Zone concessionaire Maynilad Water Services, Inc. signed an agreement with the JGC Philippines, Inc. – Hitachi Asia, Ltd. Consortium to enhance six Sewage Treatment Plants (STP) located in various parts of Metro Manila. In a statement, Maynilad said the contract, valued at P998 million, was...
Renewable energy developer-firm PAVI Green of the Villar group has cemented partnerships with its affiliate Vista Malls and All Home Luzon branches for the provision of solar-generated electricity to these establishments. In a statement to the media, the Villar RE firm indicated that it will be...
Ayala Healthcare Holdings Inc. (AC Health), a unit of the Zobels' Ayala Corporation, reported that it has acquired a significant minority stake in North Luzon-based pharmaceutical company, St. Joseph Drug (Joleco Resources Inc.). In a disclosure to the Philippine Stock Exchange (PSE), Ayala...
The commercial loads on GMA Network's “Eat Bulaga” have increased despite the ruling of the Intellectual Property Office in the Philippines (IPOPHL) canceling the trademark registration for the noontime show. This is according to Maggie Abraham-Garduque, spokesperson and lawyer for the...
