Aboitiz-led Union Bank of the Philippines (UnionBank) is raising up to ₱76.35 billion through issuances from both its Euro Medium Term Note (EMTN) Program and Peso Bonds Program. In a disclosure to the Philippine Stock Exchange, the bank said its board has approved the planned issuances as well...
Meralco PowerGen Corporation (MGen) has expressed interest in revisiting the Caliraya-Botocan-Kalayaan (CBK) hydropower complex, depending on specific deal structures. Emmanuel V. Rubio, president and chief executive officer (CEO) of MGen, shared in an ambush interview that they may revisit the...
The Court of Tax Appeals (CTA) has cancelled and set aside the P48.5 million in local franchise taxes assessed for collection by the Cagayan provincial government against Smart Communications, Inc. for the years 2011 to 2015. “We find that petitioner’s (Smart Communications) franchise...
President Marcos has ordered the Department of Transportation (DOTr) to secure the broadband co-sharing partnership with Smart Communications, Inc. to resolve frequency issues concerning the North-South Commuter Railway (NSCR) Project. President Ferdinand 'Bongbong' Marcos Jr. (File Photo/Mark...
MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, reported a 12 percent improvement in distributable income to P3.2 billion for full-year 2024. In a disclosure to the Philippine Stock Exhcange, the firm said this growth was primarily driven by the...
Ayala Corporation, the country’s oldest conglomerate, is no longer selling manufacturing subsidiary Integrated Micro-electronics Inc. as the unit has managed to turnaround after measures were taken to cut losses. In an interview, Ayala Chief Finance Officer Alberto M. de Larrazabal said that they...
Lopez-led multimedia firm ABS-CBN Corporation is selling about 70 percent of its 4.4-hectare (ha) prime property in Quezon City to real estate giant Ayala Land Inc. (ALI) for ₱6.24 billion to raise funds to pay off loans. In a disclosure to the Philippine Stock Exchange, ABS-CBN said it signed a...
The Metro Manila Mayors’ Spouses Foundation Inc. together with Mayor Francis Zamora, officials and staff from CHILD Haus, and the children under their care pose for a photo during the turn over ceremony of the vehicle. (Photo by Patrick Garcia) The Metro Manila Mayors’ Spouses Foundation Inc....
From left: Yukio Sato, General Manager for After-Sales Service and Marine Division of Suzuki Philippines Incorporated (SPH); Norihide Takei, Director and General Manager for the Automobile Division of SPH; Hon. Luigi Marcel T. Goñi, City Mayor of Bais City, Negros Oriental; George Du, Chairman of...
Dusit Princess Firenze in Cagayan De Oro (Artist perspective/Dusit website) For property firms with real estate investment trusts (REITs), Colliers Philippines is pushing for the addition of hotel assets as an integral part of their diversification strategies. The real estate services and...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, has successfully raised ₱25 billion from the issuance of fixed-rate retail bonds, which it listed on the Philippine Dealing & Exchange Corporation (PDEx) on Feb. 25, 2025. The issuance, consisting of...
President Marcos told officials of a manufacturing company to continue engaging the Philippines as it aims to boost its semiconductor industry. President Ferdinand 'Bongbong' Marcos Jr. and Amkor Technology Inc. chief operating officer Kevin Engel meet at the Malacañan Palace on Feb. 25, 2025....
