Stronghold Insurance Co. Inc. has refuted what it called “misleading and unfounded public statements,” defending the company’s integrity and clarifying the roles of its board of directors and its function in the issuance of surety bonds. In a statement, Stronghold addressed reports concerning...
Pure Energy Group, controlled by Dexter Y. Tiu, is acquiring a majority stake in Coal Asia Holdings Inc. for ₱220.91 million to facilitate a possible backdoor listing of the energy conglomerate. In a disclosure to the Philippine Stock Exchange, Coal Asia said its stockholders Dexter Y. Tiu, Eric...
Tanduay Distillers Inc., the liquor and spirits unit of LT Group Inc., expects to sustain its strong earnings growth posted in the first half and register a record performance in 2025 and beyond. In an interview for the Manila Bulletin’s video podcast The Sit Down, Tanduay Chief Operating Officer...
Following a week-long decline, the local stock market may experience some bargain-hunting despite prevailing bearish sentiment, with investors likely to interpret the S&P Global Philippines Manufacturing PMI and US jobs and PCE inflation data for cues. “The local market is still moving with a...
SM Investments Corp. led four firms under the SM Group that have been certified as a Great Place to Work for 2025 by Great Place to Work, the global authority on workplace culture. Other SM companies also earned Great Place to Work Certification this year, including SM Prime Holdings, Inc., SM...
SM Hotels and Convention Centers (SMHCC), the hospitality arm of SM Prime Holdings, Inc. (SM Prime), is turning old linen into plush toys and other handicrafts that find new use in the group’s hotels. The firm has upcycled more than 10,000 yards of used hotel linens as part of its sustainability...
It was a quiet Sunday in 2009, a day of reprieve for business journalists enjoying a brief ceasefire from the endless churn of the financial markets. But one reporter’s weekend “me time” at the familiar, bustling SM North EDSA was about to take an unexpected turn. Suddenly, she spotted them:...
Amid ongoing debates on flood control projects and corruption issues, the Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) has pointed to key sectors that continue to support the economy. During a media roundtable on Thursday, Sept. 25, Jeffrey T. Ng, executive vice...
Ayala Land Inc. (ALI) is rolling out ₱4.4-billion worth of inventory under phase three of its commercial lots in Cresendo, its 290-hectare (ha) estate in Tarlac, after the first two phases have been sold out amid strong investor demand. The real estate giant said the commercial lots were taken up...
D&L Industries Inc. reported that two of its wholly-owned subsidiaries operating at its new Batangas plant, D&L Premium Foods Corp. (DLPF) and Natura Aeropack Corp. (NAC), have been granted two more years of Income Tax Holiday (ITH) by the Philippine Economic Zone Authority (PEZA). Originally set...
Hong Kong-listed CSC Holdings Ltd., through CS Capital Investment Pte. Ltd., has completed its acquisition of a 26.3 percent stake in the Cabagangon group’s Citystate Savings Bank, Inc. In a disclosure to the Philippine Stock Exchange, CSBank announced that it was informed of the completion of...
Several promising locations and provinces in the region of Luzon offers diverse experiences, stunning wonders and a heritage to explore. One province in particular that is captivating people’s attentions is the beautiful Pangasinan. As a prominent travel haven in Central Luzon, this location is...
