Visayas fuel distributor Top Line Business Development Corporation, through subsidiary Light Fuels Corporation, is acquiring the gasoline station of Phoenix Petroleum Philippines, Inc. in Cebu. In a disclosure to the Philippine Stock Exchange, Top Line said its board of directors has unanimously...
Ports operator Asian Terminals Inc. (ATI) and Dubai-based logistics company DP World joined forces in investing ₱120 million to roll out the Philippines’ first complete fleet of electric internal transfer vehicles (eITVs). ATI and DP World recently unveiled a fleet of 15 eITVs and their...
Conglomerate SM Investments Corporation is leading the SM Group in its commitment to reduce plastic waste as a shared responsibility across its business units. The conglomerate recently created a working group committee that convenes and conducts regular dialogues, enjoining SM’s different...
Cebu Landmasters, Inc. (CLI) and partner Japan’s NTT Urban Development (NTTUD) Asia have officially launched their ₱9.2 billion premium residential project in Cebu IT Park—Cebu’s premier business and lifestyle hub. Developed under their joint venture company CLI NUD Ventures, The Wave...
Japanese gaming firm Universal Entertainment Corporation reported on the performance of its Philippine unit that owns Okada Manila, providing a sneak peek into the continued struggle of the Philippine integrated resort business. UEC said Okada Manila operator Tiger Resort, Leisure and Entertainment...
Going through immigration at the Ninoy Aquino International Airport will soon be faster as gaming and tech firm DFNN Inc. reported that its subsidiary, iWave, is rolling out the e-gates system in terminals 1 and 3 before the end of the year. In a letter to the Philippine Stock Exchange, DFNN...
Months after Razon-led Prime Infrastructure Capital Inc. (Prime Infra) moved to acquire a majority stake in the gas business of Lopez-led First Gen Corp. (FGen), both parties are now awaiting the green light from the anti-trust watchdog Philippine Competition Commission (PCC) to complete the deal....
Tycoon Lucio Co’s The Keepers Holdings Inc. (Keepers), the largest imported liquor distributor in the Philippines, is venturing into the production and export of premium local spirits through the acquisition of a 50-percent stake in the maker of Sula liqueur for ₱40 million. In a disclosure to...
As part of its transformation from a traditional telecommunications company into a broadband and technology provider, Converge ICT Solutions Inc. has unveiled a new brand identity to reflect its new direction. In a statement on Tuesday, July 15, Converge President and Co-Founder Maria Grace Uy said...
Top lender BDO Unibank Inc. of the SM Group has shortened the offer period for its fourth peso-denominated Association of Southeast Asian Nations (ASEAN) sustainability bonds issue amid strong demand from both retail and institutional investors. The offering was originally set to run from July 9 to...
Smart Communications Inc., the wireless unit of telecommunications giant PLDT Inc., is scaling back its 3G network to reallocate capacity to its 5G network to deliver higher-quality connectivity. Smart Chief Technology Officer Menardo “Butch” Jimenez Jr. said shifting resources away from 3G...
The Department of Agriculture (DA) will hold on-the-ground consultations with farmers and lawmakers to prepare for the deliberations on the proposed RICE Act, which aims to reinstate the regulatory powers of the National Food Authority (NFA). Agriculture Secretary Francisco Tiu Laurel said he has...
