SM Prime Holdings Inc., the property development arm of Sy-led SM Investments Corporation, has set the interest rates for its ₱25 billion peso-denominated fixed rate bonds to be offered from Feb. 12 to Feb. 18, 2025. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the...
The country’s investment houses are considering an agreement to carve out among themselves equally the huge $1 billion to $1.5 billion initial public offering (IPO) of Globe Fintech Innovations, Inc. (Mynt), which owns top e-wallet GCash. This is according to Investment House Association of the...
E-wallet giant GCash is optimistic that the country’s regulatory bodies will ease the public float requirement for its planned initial public offering (IPO), which is expected to be the Philippines’ biggest to date. The Philippine Stock Exchange (PSE) and the Securities and Exchange Commission...
TCITX aerial render The way we live, work, and move around Metro Manila is changing, and at the center of this shift is the need for better accessibility. Great communities thrive on seamless mobility, where well-planned infrastructure enhances convenience, drives economic growth, and...
Real estate giant Ayala Land Inc. reported that it has accelerated the launch of Building B of Anvaya Searidge Residences amid strong demand for exclusive resort-style residences. The firm said in a statement that demand was evident as its Anvaya Searidge’s Building A was fully sold out within...
Century Properties Group (CPG) of the Antonio family is developing a ₱2.7 billion residential project and P215 million waterpark as part of the second phase of its Azure North Estate in San Fernando, Pampanga. In a disclosure to the Philippine Stock Exchange, the firm said it is strengthening its...
Globe Telecom Inc. is upbeat in its projection of achieving a sustainable free cash flow this year despite challenges posed by the increasing prevalence of lower-margin data services and increased competition in the industry. In a statement on Friday, Feb. 7, Globe announced its intentions to keep...
Robinsons Retail Holdings, Inc. reported that its attributable net income more than doubled to P10.27 billion last year from P4.1 billion in 2023 due to the one-time gain from the merger of Robinsons Bank into the Bank of the Philippine Islands booked in the first quarter. In a disclosure to the...
Manila Electric Co.’s (Meralco) Radius Telecoms Inc. has launched a new distributed denial of service (DDoS) scrubbing center in Hong Kong to protect enterprise customers from website flooding. In a statement, Radius said it partnered with Nexusguard, a Singapore-based DDoS cybersecurity solution...
Sy-led SM Prime Holdings, Inc., one of Southeast Asia’s largest integrated property developers, is allocating up to ₱33 billion for capital expenditures this year to expand its recurring income portfolio. In a disclosure to the Philippine Stock Exchange, the company said this investment in its...
An efficient bus transport system is crucial for inter-province mobility and economic growth. The largest land transport conglomerate in the country pointed this out as the Yanson Group of Bus Companies reiterated its commitment to help the government facilitate people’s mobility to travel for...
(Left) Scubasureros documenting their first dive beneath the Therma Visayas jetty. The divers hope to raise awareness about the importance of conserving marine life to divers and non-divers alike. (Right) A Therma Visayas team member participates in a tree planting activity inside the power plant....
