JG Summit Holdings Inc., the flagship of the Gokongwei Group, has announced the shutdown of its petrochemical business, JG Summit Olefins Corporation (JGSOC), due to substantial losses incurred amid challenging market conditions. In a statement, JGSOC said, "Given persisting unfavorable market...
DAVAO CITY – The Gov. Generoso Business Club Inc. has chided the municipal council of Gov. Generoso town, Davao Oriental province for passing an ordinance that will allow responsible mining operations in the area. FISHING boats dock on the coast of Barangay Montserrat, a known fishing...
Filinvest Land Inc. (FLI), the Gotianun Group’s publicly listed property developer, is optimistic about the continued growth of its office leasing and residential businesses this year. In an interview, FLI President and CEO Tristan Las Marias said their office business is benefiting from a focus...
Vivant Renewable Energy Corporation (VREC), a subsidiary of Vivant Corporation, has divested its stake in local solar power provider Buskowitz Energy Inc. (BEI). In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Jan. 28, VREC announced the completion of post-closing requirements...
Global Dominion Financing Inc. (GDFI), a member of the Asialink Group, has been assigned an Issuer Credit Rating of PRS A plus (corp.), with a stable outlook, by the Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said a company rated PRS A has an above average...
Designed for the hardworking, adventurous soul dreaming of weekend escapes to the mountains, the Suzuki Jimny 3-Door is the ultimate companion to fuel one's passion for exploration just in time for summer. Because of its compact size, the Jimny is capable of zipping through narrow trails and...
Visayas Container Terminal (VCT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Iloilo, reported that it has welcomed the first gearless vessel to call in the Western Visayas Region. Operated by Regional Container Lines (RCL), the MV Otana Bhum made its...
The Gotianun Group is transferring ownership of its flagship Festival Mall-Main Mall in Filinvest City, Alabang, Muntinlupa City to Filinvest REIT Corporation (FILRT) in a P6.26 billion deal that marks the real estate investment trust’s entry into the retail leasing business. In a disclosure to...
Cebu Landmasters Inc. is raising P10 billion from the capital market this year through the issuance of sustainability-linked bonds in two tranches to fund its entry to the Luzon market as well as capital expenditures for its ongoing projects in Visayas and Mindanao. In a media interview, CLI...
Manila Water Co., Inc. the East Zone concessionaire, announced on Friday, Jan. 24, that its new Water Treatment Plant (WTP) under the East Bay Phase 2 project is nearing completion. In a statement, Manila Water said the 200 million liters per day (MLD) facility, located in Pakil, Laguna, is...
Media and guests were treated to a screening of Ginebra San Miguel’s newest commercial, “Kabayani Kita sa One Ginebra Nation,” at Red Carpet Cinema, Shangri-La Plaza. The enduring Filipino spirit of bayanihan takes center stage in a campaign celebrating everyday acts of heroism, proving...
Starting Feb. 3, 2025, the country’s first real estate investment trust AREIT Inc. will debut at the Philippine Stock Exchange’s 30-company benchmark index while China Banking Corporation will return to the PSEi after almost 14 years. In a statement, the PSE said the two firms will join the PSE...
