Razon-led water unit on Boracay Island has transitioned into the Retail Aggregation Program (RAP), making it the first to do so with Retail Electricity Supplier (RES) PrimeRES Energy Corp. Boracay Water, under the Manila Water Non-East Zone (NEZ) unit, has undergone RAP, a program of the Energy...
The Securities and Exchange Commission has approved the valuation of Filinvest Land Inc. 's ₱6.26 billion property to be acquired by Filinvest REIT Corporation (FILRT) via an asset-for-share swap, bringing it a step closer to completion. In a disclosure to the Philippine Stock Exchange,...
The United States (US) Department of the Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Funnull Technology Inc., a Philippines-based firm, and its Chinese administrator Liu Lizhi, for facilitating massive virtual currency investment scams known as “pig butchering.” These...
San Miguel Corporation 's spirits business Ginebra San Miguel Inc. (GSMI) reported a strong start for 2025 with an 11 percent growth in first quarter net income to ₱2.1 billion from the prior year, despite more challenging market conditions. In a statement, the firm said its consolidated...
US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte. In a disclosure to the Philippine Stock...
The Securities and Exchange Commission (SEC) is seeking to entice real estate companies with rental pool arrangements to tap the capital market for their growth and financing needs with the launched of streamlined rules for the registration their securities. Rental pool agreements refer to...
AC Mobility has teamed up with sister company Ayala Land Inc. to ramp up the installation of electric vehicle high-speed charging stations in ALI’s masterplanned estates nationwide, starting with the Makati Central Business District. Through the partnership AC Mobility aims to install 700...
Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion. In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic...
SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, is considering the construction of a hotel in Laoag City to complement the mall it will be opening on May 30, 2025. In a disclosure to the Philippine Stock Exchange, the firm said it is opening SM...
ILOILO CITY – Officials of the Department of Public Works and Highways-6 (Western Visayas) has questioned the filing of graft and corruption cases by the Crimes and Corruption Watch International Inc. (CCWII). “What’s the reason behind? What’s their real intent?” DPWH-6 Regional Director...
Moody’s Ratings has affirmed the credit ratings of three of the Philippines ’ largest banks —BDO Unibank Inc., Bank of the Philippine Islands (BPI), and Metropolitan Bank & Trust Co. (Metrobank)—on the back of their solid capital positions, stable profitability, and strong liquidity, even...
Real estate giant Ayala Land Inc. (ALI) has signed a 25-year contract agreement for the lease and continued development of the John Hay Technohub in Camp John Hay, Baguio City, according to the Bases Conversion and Development Authority (BCDA). In a statement, BCDA President and Chief Executive...
