The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, for up to P100 billion of fixed-rate bonds and an initial offering worth up to P25 billion. In its meeting on May 23, the...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
Solar power firm Citicore Renewable Energy Corporation (CREC) has pegged its initial public offering (IPO) price at P2.70 per share for a total offering size of P5.3 billion. In its final offering prospectus, CREC said the offer price was determined based on a book building process and discussions...
Premium segment supermarket player AllDay Supermarket, a subsidiary of AllValue Holdings of billionaire Manuel B. Villar Jr., reported a 10.2 percent hike in net income to P97 million in the first quarter of 2024 from P88 million in the same period last year. In a disclosure to the Philippine Stock...
Vista Land & Lifescapes Inc., one of the country’s leading integrated property developers and the largest homebuilder owned by Philippines' richest Manuel B. Villar Jr., posted an 11 percent improvement in net income to P3 billion in the first quarter of 2024 from P2.7 billion in the same...
VISTA LAND & LIFESCAPES, INC. announced its 2024 Annual Stockholders' Meeting which will take place on June 18, 2024, Tuesday, at 10:00 A.M. and stockholders can participate via remote communication. A copy of the official announcement published in Manila Bulletin broadsheet is...
Left photo: Cleanway Environmental Management Solutions, Inc’s (CEMSI) b iomedical personnel carefully feeds the machinery with pre-treated wastes to be further sanitized and disintegrated for proper waste disposal. Right photo: CEMSI’s technician regularly conducts thorough...
Property giant Ayala Land Inc. (ALI) and its wholly-owned subsidiary Westview Commercial Ventures Corp. have sold a combined P3.18 billion worth of AREIT Inc. shares through a placement agreement with BPI Capital Corporation and UBS AG Singapore Branch. In a disclosure to the Philippine Stock...
Funds managed by leading global investment firm KKR is investing a yet undisclosed amount in the Del Rosario’s PHINMA Education Holdings Inc., a leading private higher education group and the education arm of PHINMA Corporation. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said...
The Philippine Stock Exchange (PSE) has imposed an indefinite trading suspension on the shares of House Speaker Martin Romualdez’s Bright Kindle Resources & Investments Inc. (BKR) after it disclosed the planned P5 billion acquisition of a magnetite mining firm. The PSE said Bright Kindle...
Western Mindanao Power Corp. (WMPC), a diesel power plant in Zamboanga City expects to have its fuel supply run out in the next few weeks, which could cause potential blackouts in the area. In a statement made by Alcantara-led Alsons Power Group on Wednesday, May 22, the WMPC said it has already...
Eton Properties Philippine Inc., the domestic real estate arm of taipan Lucio Tan, is planning to launch two residential communities envisioned to be oases in an urban setting and introduce a new hotel brand in the next two to three years. Eton President and CEO Kyle C. Tan During the...
