BDO Unibank has shifted the focus of a recent account security dispute, arguing that a client’s viral claims of a system hack are baseless and that the unauthorized transactions stemmed from a lapse in her own device’s security. In a statement on Thursday, Sept. 18, BDO said its internal...
Zobel-led Ayala Corp., the country’s oldest conglomerate, is including the shares of its publicly-listed subsidiaries in its six-year-old, ₱20-billion share buyback program as stock prices languish at the local bourse. In a disclosure to the Philippine Stock Exchange, the firm said its Board of...
The power generation arm of Manila Electric Co. (Meralco) has secured two engineering, procurement, and construction (EPC) deals to advance a new battery energy storage system (BESS) project in Toledo, Cebu. In a statement on Thursday, Meralco PowerGen Corp. (MGen) announced it has signed an EPC...
Leading online gaming firm DigiPlus Interactive Corp. has tapped sister company Philippine First Insurance Co. Inc. (PhilFirst) to introduce the Philippines’ first-ever surety bond program for online gaming players. In a disclosure to the Philippine Stock Exchange (PSE), DigiPlus said the...
Top township developer Megaworld Corp. continues to lighten up on its stake in MREIT Inc., this time selling ₱2.24 billion worth of the real estate investment trust’s (REIT) shares, in preparation for its fourth wave of asset infusion. In a disclosure to the Philippine Stock Exchange (PSE),...
SM Leisure Resort Residences (SM LRR), a unit of integrated property developer SM Prime Holdings Inc. (SM Prime), is about to finish Scottsdale Villas and Redstone Condominiums, marking the completion of Horizon Terraces in Tagaytay Highlands. In a disclosure to the Philippine Stock Exchange (PSE),...
Doubts have been raised whether Gokongwei flagship JG Summit Holdings Inc. (JG Summit) can easily sell its petrochemicals business, JG Summit Olefins Corp. (JGSOC), in light of the number of distressed giant petrochemical companies in the region that are “in the same boat.” “There is no...
The so-called “ghost month” took a toll on the automotive industry in August, as year-to-date vehicle sales growth came to a near halt at 0.2 percent as sales declined across nearly all car segments, marking the slowest growth rate of the year. Ghost month, which falls in August, usually...
Homegrown fashion brand Penshoppe is ramping up its logistics and technology investments to adapt to the rapid growth of e-commerce and intensifying competition from global fashion players. At the Anvil Business Summit 2025 on Monday, Sept. 15, Golden ABC Inc. Executive Chairman Bernie Liu said...
Tycoon Andrew Tan’s leisure company Travellers International Hotel Group Inc. is looking to start the construction of its $700 million Mactan and Boracay gaming centers next year even as it prioritizes the completion and opening of the Westside Integrated Resort. In an interview, Travellers...
Ayala Healthcare Holdings Inc.’s (AC Health) Healthway Cancer Care Hospital (HCCH), the country ’ s first cancer specialty hospital, is teaming-up with global pharmaceutical giant AstraZeneca to launch its Lung Center of Excellence (COE) and a dedicated Lung Nodule Clinic. AC Health said this...
After interest rates have been cut, Sy-led SM Prime Holdings Inc. (SM Prime) is now planning to refinance debt with a ₱17-billion bond offering just after raising $350 million from United States (US) dollar-denominated notes. SM Prime, one of Southeast Asia’s largest integrated property...
