Enrique M. Aboitiz, chairman of Aboitiz Equity Ventures Inc., was appointed as an independent director to the board of International Container Terminal Services Inc., the port operator led by billionaire Enrique Razon. Aboitiz will join the board on Jan. 1, 2026, to serve the unexpired term of...
The Securities and Exchange Commission (SEC) approved the registration of rental pool agreements for two units of Cebu Landmasters Inc., allowing the Visayas-Mindanao property developer to offer investment contracts for its serviced residence projects. The commission en banc on Dec. 16 rendered...
Tanduay Distillers Inc., the spirits unit of billionaire Lucio Tan’s conglomerate, is expanding its European presence through a distribution agreement in Denmark as it seeks to capture the growing regional appetite for premium rum. The Philippine distiller partnered with Bastard Spirits, a...
PH Resorts Group Holdings Inc., the gaming firm led by Davao-based tycoon Dennis Uy, terminated partnership talks with EEI Corp. after the government’s gaming regulator revoked the license for its stalled casino project in Cebu. In a disclosure to the Philippine Stock Exchange on Thursday, Dec....
Megaworld Corp. has finalized the infusion of ₱16.22 billion worth of office assets at McKinley Hill in Taguig City into its real estate investment trust (REIT), MREIT Inc., through its latest batch of property-for-share swaps. The firms disclosed to the Philippine Stock Exchange (PSE) that...
Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
ABS-CBN Corp. signed a licensing agreement with billionaire Manuel Villar Jr.’s Advanced Media Broadcasting System Inc. to air the Kapamilya Channel on the ALLTV Network starting Jan. 2, 2026. The media company controlled by the Lopez family disclosed the deal to the Philippine Stock Exchange on...
Rockwell Land Corp., the upscale property arm of the Lopez Group, is in talks with the Madrigal family to redevelop the Alabang Town Center site in Muntinlupa City following Ayala Land Inc.’s exit from the landmark shopping mall. In a brief disclosure to the Philippine Stock Exchange on...
Ty-led GT Capital Holdings Inc. units are exiting a long-standing real estate joint venture, selling their combined 52 percent stake in Crown Central Properties Corp. to partner Crown Equities Inc. (CEI) for ₱73.48 million. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday,...
Ayala Corp. secured three top honors at the recent Asia Corporate Excellence & Sustainability (ACES) Awards, achieving a rare sweep of every category in which it was nominated. The Zobel-led conglomerate was recognized as one of Asia’s Most Influential Companies, Top Community Centric Companies,...
The Maharlika Investment Corp. (MIC) is planning to acquire up to 11.2 percent of Asian Terminals Inc. (ATI), the port operator controlled by Eusebio Tanco, for about ₱8 billion, a move intended to lead to the delisting of the company from the Philippine Stock Exchange (PSE). In a disclosure to...
Ayala Land, Inc. (ALI) has agreed to sell its 50 percent stake in Alabang Commercial Center Corp. (ACCC), the entity that owns and operates the prominent Alabang Town Center mall in Muntinlupa City, back to the Madrigal family for ₱13.5 billion. The real estate giant announced in a disclosure to...
