Gokongwei-led Robinsons Retail Holdings, Inc. (RRHI) has declared cash dividends amounting to ₱2.13 billion or ₱2.00 per share to all stockholders—including those who will choose to sell their shares in a tender offer prior to the firm’s planned delisting. In a disclosure to the Philippine...
SM Prime Holdings Inc., the integrated property developer led by the Sy family, plans to open its flagship SM Nuvali mall in Santa Rosa, Laguna, in October 2026, marking the start of a multi-year expansion strategy targeting high-growth regional hubs outside Metro Manila. Jeffrey Lim, SM Prime...
Real estate giant Ayala Land Inc. reported a 22 percent decline in first-quarter net income as slump in residential sales offset the steady expansion of its malls and hotels. In a disclosure to the Philippine Stock Exchange on Thursday, April 30, the firm said its net income fell to ₱5.4 billion...
Andrew Tan-led top township developer Megaworld Corp. sold ₱1.27 billion worth of MREIT Inc., its real estate investment trust (REIT), to increase the latter’s public float as it gears up for the fifth wave of asset infusion. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday,...
Let 's get one thing out of the way before the pitchforks come out: the Honda Prelude isn’t a sports car; at least not in the way some people think it is. Honda will tell you as much themselves, positioning it as a grand tourer — a sporty coupe that slots above the Civic but occupies a...
Hyundai Motor Philippines Inc. has awarded a brand-new Santa Fe 2.5T Calligraphy AWD to Ms. Erlinda L. Añonuevo, the grand prize winner of its Grand Holidays Promo. Añonuevo, a public school kindergarten teacher from Tanza, Cavite, received the vehicle after her entry was drawn from validated...
Eighty families in the City of Mati now have safer homes and renewed opportunities after Globe, Ayala Foundation, Inc. (AFI) and Makati Development Corporation (MDC) turned over shelter kits to residents displaced by earthquakes and fires. The initiative helped families secure stable living spaces...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
Aboitiz Equity Ventures Inc. (AEV), the active portfolio manager of the Aboitiz Group, reported that its consolidated net income almost doubled to ₱6.3 billion in the first quarter of 2026 from the ₱3.2 billion earned in the same period last year. The firm informed the Philippine Stock Exchange...
SM Prime Holdings Inc., the Philippines’ largest integrated property developer, is signaling a more cautious approach to its expansion plans as geopolitical volatility in the Middle East threatens to disrupt the domestic economy. In a briefing, Jeffrey C. Lim, SM Prime president and chief...
SM Prime Holdings Inc. (SM Prime), one of Asia’s largest integrated property developers, is planning to raise ₱18 billion from a planned bond issuance to refinance maturing obligations and fund capital expenditures (capex). Philippine Rating Services Corp. (PhilRatings) said it has assigned its...
Cebu Pacific, the Philippines’ leading carrier, remains confident of being able to cruise through current turbulence in the fuel market caused by the Iran war, although it is concerned about the impact of a prolonged conflict during the low season. In an interview on the sidelines of the...
