PHirst Park Homes, Century Properties Group’s (CPG) housing unit, is eyeing several key cities in Mindanao, starting with a ₱5.3-billion project in General Santos City, as it ramps up its nationwide expansion. PHirst Park Homes Gen San will be located in Brgy. Baluan, conveniently accessible...
The Philippine Competition Commission (PCC) has cleared the proposed acquisition by Aramco Asia Singapore Pte. Ltd. of a 25 percent interest each in Unioil Petroleum Philippines, Inc. and Unioil Energy Pte. Ltd. a move that is poised to enhance competition in the country’s petroleum market.
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The Securities and Exchange Commission (SEC) is “closely monitoring” the arrest of Global Ferronickel Holdings Inc. (FNI) Chairman Joseph C. Sy over allegations of misrepresentation of his citizenship. “Given Mr. Sy’s role as chairman of a publicly listed company, the SEC is closely...
The country’s leading mining groups are urging the government to immediately release Joseph Sy, chairman of Global Ferronickel Holdings Inc. (FNI), following his arrest by the Bureau of Immigration (BI), which they described as “unlawful.” In separate statements on Monday, Aug. 25, the...
The telecommunications industry is urging the government to ensure strong safeguards for consumers under the implementing rules and regulations (IRR) to be crafted for the Konektadong Pinoy Act, which recently lapsed into law. The bill, also known as the Open Access in Data Transmission Act,...
The local stock market is poised for a potential rally as bargain-hunting is expected, fueled by recent gains in United States markets on signals of an upcoming rate cut from the US Federal Reserve, which aligns with investor anticipation of a policy rate reduction from the Bangko Sentral ng...
The country’s umbrella group of exporters has retained its forecast that the export of goods and services will fall short of the government’s target this year, as uncertainties about the reliability of the United States (US) market continue to grow. Philippine Exporters Confederation Inc....
Telecommunications giant Globe Telecom Inc. has successfully completed a field trial of a long-range free space optics (FSO) technology, which is seen to expand connectivity to remote areas where difficult terrain hinders fiber rollout. In partnership with Google X’s Taara, Globe said it...
Ayala Healthcare Holdings Inc. (AC Health), through AC Health Pharma, has forged a strategic partnership with one of the largest pharmacy groups in Asia, Sugi Holdings, to bring Japan’s high-quality and novel pharmacy products to the Philippines. In a statement, AC Health noted that Sugi Holdings...
Hann Holdings Inc., the owner and developer of the integrated resort (IR) Hann Resort in Clark, Pampanga, has shelved its planned ₱13-billion initial public offering (IPO) indefinitely due to adverse domestic and global market conditions. An investment banker and other stock market sources...
Investors eager to buy into the planned real estate investment trust of SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, will have to wait longer as the $1 billion initial public offering has been deferred to “beyond 2026.” During the Philippine Stock Exchange...
D&L Industries, through its wholly owned subsidiary Chemrez Technologies, Inc. (CTI), is serious about plans to build a second biodiesel plant in light of higher demand once the government lifts the suspension of the implementation of a four percent biodiesel blend requirement at the pumps. “What...
