SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is subjecting its P80-billion capital expenditure budget for 2021 to a quarterly review. During the firm’s annual stockholders’ meeting, SM Prime President Jeffrey Lim said the regular review was...
Smart Communications, Inc. (Smart) teamed up with telco operator StarHub to launch 5G roaming in Singapore, its tenth partner-country for the service. Earlier, the telco activated its 5G roaming in Japan, with NTT Docomo; in Australia, with Vodafone; in China, with China Mobile; in Bahrain, Kuwait,...
LIMA Land, Inc., a member of the Aboitiz Group of Companies, is offering new commercial lots in Batangas with the launching of the next phase of its commercial zone’s transformation. LIMA Central Business District is LIMA Estate’s 30-hectare commercial area, which houses various commercial...
The local stock market is seen to continue to be weighed down by concerns over the COVID-19 pandemic although upcoming annual stockholders’ meeting may also influence investors depending on the tone they set. “Next week, we still see a downward bias for the local market as pandemic worries are...
Billionaire Enrique K. Razon Jr. is not letting his guard down and intends to manage the resources of his port and gaming businesses judiciously, wary of a prolonged pandemic that may last until the end of the year. During the annual stockholders’ meeting of Bloomberry Resorts Corporation, Razon...
Negotiations between the Philippines government and Maynilad Water Services Inc. regarding the latter's new water concession agreement (CA) with Metropolitan Waterworks and Sewerage System (MWSS) have already started. This is more than two weeks since the Philippines government released the new CA...
The Philippine government has already finalized the updated Financial and Technical Assistance Agreement (FTAA) with Australian-Canadian miner OceanaGold Corporation (OceanaGold) nearly two years since the major mining deal expired. MGB Director Wilfredo Moncano (Photo credit:...
DITO Telecommunity Corporation (DITO) just broke ground for its first Data Center, "expected to generate thousands of jobs", at Udenna Land, Inc. (ULI)'s Clark Global City (CGC). Designed after Google’s campus-style headquarters, the master-planned development in CGC is "a critical component to...
Cebu-based retailer Metro Retail Stores Group, Inc. (MRSGI) suffered a net loss of P449.6 million last year from the net income of P775.6 million recorded for 2019. In a disclosure to the Philippine Stock Exchange, the firm said the decline was due to a pandemic-driven 15.0 percent decrease in net...
AyalaLand Logistics Holdings Corporation (ALLHC) Group, a unit of property giant Ayala Land Inc., has acquired Technofreeze, a cold storage facility in Laguna. In a statement, ALLHC said Technofreeze has a proven track record of serving companies with diverse products such as processed meat...
Metropolitan Waterworks and Sewerage System (MWSS) has ordered Manila Water Company Inc. and Maynilad Water Services Inc. to suspend anew their respective service disconnection activities. In an advisory, MWSS Regulatory Office (RO)...
The fate of the stock market this week is seen to hinge on whether or not the growth of new COVID-19 cases in the country is arrested and if the imposition of strict quarantine measures will be extended further. (Photo credit: https://www.pse.com.ph) “Investors are expected to take cues from our...
