Diversified engineering conglomerate DMCI Holdings, Inc. has declared a special cash dividend of ₱0.48 per share, amounting to ₱6.4 billion, following a hefty ₱5.33 billion cash dividend declaration by subsidiary Semirara Mining and Power Corp. In a disclosure to the Philippine Stock...
State-run Planters Products Inc. (PPI) has returned to the fertilizer market after more than four decades of hiatus, bringing relief to thousands of farmers seeking to lower production costs, the Department of Agriculture (DA) said. PPI, an attached corporation of the DA, entered the fertilizer...
Telco-to-tech provider Converge ICT Solutions Inc. is set to activate before the end of the year two subsea cable systems that would link the Philippines to other connection points in the Asia-Pacific region, stimulating quicker internet speed and data transmission. Converge Chief Executive Officer...
Maynilad Water Services Inc. has priced its initial public offering (IPO) at ₱15 per share, lower than its adjusted indicative price of ₱20 apiece but at the maximum price its leading cornerstone investors were willing to pay. The setting of the final offering price, which puts the IPO size at...
Telco-to-tech provider Converge ICT Solutions Inc. will proceed with plans to spin off its extensive fiber network as a new unit to fully maximize its assets once the implementing rules and regulations (IRR) of a law expanding internet access is finalized. Converge Chief Executive Officer (CEO)...
Top township developer Megaworld Corp. is subscribing to an initial ₱187.5 million in its real estate investment trust MREIT Inc., which is increasing its authorized capital by ₱3 billion in preparation for the next batch of its share-for-asset swap. In a disclosure to the Philippine Stock...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
The local stock market will look for positive cues from early corporate earnings reporters this week, typically starting with banks, even as sentiment remains dampened by a public works corruption scandal. “Rate cuts alone won’t reignite growth. Without stronger governance, swift resolution of...
When Christopher Jaime T. Lichauco eats out, his wife knows what’s coming. “My wife always gets mad at me because it embarrasses her,” he said, smiling. “Whenever I’m in a restaurant, I ask the waiter or waitress where they live, to know if they’re Maynilad customers. If they are...
Saavedra-led infrastructure and engineering firm Megawide Construction Corp. has completed its acquisition of 9.88 percent of affiliate Citicore Renewable Energy Corp. (CREC), effectively gaining a new revenue source from solar power. In a disclosure to the Philippine Stock Exchange, Megawide said...
Hyundai Motor Philippines Inc. (HMPH) has proudly unveiled the new Stargazer, with a refreshed look, upgraded features, and enhanced convenience. Striking new design Its new design gives it a bolder, more SUV-esque look. These include Sheriff-style front combination lights and new taillamps both...
The debate continues on the extent of the damage the flood control mess has inflicted on the market value of listed companies, with estimates of the loss ranging from a low of ₱185 billion to a high of ₱5 trillion. Admittedly, regardless of the exact figure, the anomalies plaguing the...
