D.M. Consunji Inc. (DMCI), through the Philippine Disaster Resilience Foundation (PDRF), has provided logistical support to transport relief assistance to areas affected by Typhoon Odette. The leading engineering-based integrated construction company and PDRF’s member company shipped 90 gallons...
After a long-standing controversy with its owners, President Duterte has signed the laws granting new franchises for water concessionaires Maynilad and Manila Water, allowing the two firms to continue their operations for another 25 years in Metro Manila and nearby provinces. File photos Based on...
The local stock market closed slightly lower after bargain hunters bought up shares late in the session. Philippine Stock Exchange index (PSEi) The main index shed 5.88 points or 0.08 percent to close at 7,085.52 although only the Holding Firms counter managed to advance while the Services sector...
Affordable housing developer, Haus Talk, Inc. (HTI), is planning to expand its portfolio to include high-end, high-rise projects and commercial spaces. The firm is planning to raise as much as P750 million from its initial public offering (IPO) of 500 million shares priced at P1.50 per share. The...
SMART-PLDT Over 3.7 million customers of PLDT Inc. and Smart Communications Inc. shifted to paperless billing in the past two months as pandemic infections started surging. However, both telcos assured clients of continued service amidst the current tighter community restrictions. “We are fully...
D.M. Wenceslao & Associates, Inc. (DMW) announced that it has signed a 25-year Contract of Lease with Landers Superstores for a 15,064 sqm parcel of land in Aseana City. Landers is a major membership shopping chain in the country with several branches in Metro Manila as well as in Cebu. It...
Responding to the plight of communities in the Visayas and Mindanao affected by super Typhoon Odette, innovative companies SCG Philippines and Mariwasa Siam Ceramics, Inc. have stepped up to the call for urgent help with a cash donation of over PHP 1 million coursed through the GMA Kapuso...
The Delgado family’s EasyCall Communications Philippines, Inc. is obtaining up to P200 million bank loan or shareholder advances to fund the acquisition of sister company Transnational E-Business Solutions Inc. (TESI). In a disclosure to the Philippine Stock Exchange, Easycall said the P200...
Telcos seen to continue higher revenue haul in 2022 media The future remains stable for local telcos as the continuing pandemic boosts data consumption and broadband use, ensuring they haul in higher revenues. And this despite the decline in legacy voice and messaging services, both of which now...
Ayala Corporation is investing a total of $237.5 million for the acquisition of minority stakes in two firms with extensive business interests in Myanmar: Singapore-listed Yoma Strategic Holdings Inc. (YSH) and First Myanmar Investment Public Co. Ltd. (FMI). In a disclosure to the Philippine Stock...
Okada Manila International Inc. (OMI) will be listed on the US NASDAQ through a merger with 26 Capital Acquisitions Corp, a special purpose acquisition company listed on the US NASDAQ. In a disclosure to the Tokyo Stock Exchange, Universal Entertainment Corporation (UEC), the parent company of...
Century Properties Group, Inc. is planning to raise up to P3 billion from a planned public offering of fixed rate retail bonds for refinancing and funding of its capital expenditures. The Securities and Exchange Commission said it has received the registration statement of CPGI for the public...
