PLDT Inc., the country’s largest telecommunications firm, is considering the sale or the real estate investment truest (REIT) listing of its data center business which it values at more than $1 billion. PLDT Chairman and CEO Manuel V. Pangilinan In an interview, PLDT Chairman and CEO Manuel...
PLDT Inc., the country’s largest telecommunications firm, expects single digit growth in revenues this year with a net income of about P35 billion as it reported a nine percent year-on-year growth in net income to P9.8 billion in the first quarter of 2024. PLDT and Smart Chairman and CEO Manuel...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
Metro Pacific Investments Corporation, through Metro Pacific Agro Ventures Inc. (MPAV), is seeking to at least double its dairy and greenhouse operations while looking to acquire another coconut-based business and large tracts of agricultural land in Mindoro. MPIC Chairman, President and CEO Manuel...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
Telecom giant PLDT Inc. and its wireless unit Smart Communications Inc. (Smart) have been named among the top one percent of Leading Employers of 2023 by German firm Institute of Research & Data Aggregation. In a statement, PLDT said only top 800 companies globally were certified as leading...
Recently-delisted conglomerate Metro Pacific Investments Corporation expects to continue posting double digit growth this year after it reported a 90 percent surge in consolidated net income to a record P19.9 billion last year from P10.5 billion in 2022. MPIC Chairman, President, and CEO Manuel V....
Philex Mining Corporation, the gold and copper producer controlled by tycoon Manuel V. Pangilinan through First Pacific Company, reported a 44.4 percent drop in core net income to P963 million last year from P1.73 billion in 2022 due to lower output from its Padcal mine. Philex Mining Corporation's...
The Zobel-controlled Ayala Group continues to beef up its warchest and hopes to raise $250 million to $400 million from the divestment of its smaller investments as it focuses on the expansion of its ventures into renewable energy, electric vehicles, healthcare, and logistics. In an interview,...
MGen Renewable Energy Inc. (MGreen), a unit of Manila Electric Company (Meralco), has bought an additional 2.17 billion shares in SP New Energy Corporation (SPNEC) from Solar Philippines Power Project Holdings Inc. for P2.5 billion. In a disclosure to the Philippine Stock Exchange (PSE), SPNEC said...
Billionaire Fernando Zobel de Ayala, Board Director of the country’s oldest conglomerate Ayala Corporation, has been conferred the Pro Ecclesia et Pontifice (For Church and Pope), the highest honor the Pope bestows upon a layperson. Ayala Corp. Director Fernando Zobel de Ayala receives Pope's...
Tycoon Manuel V. Pangilinan has assumed the leadership of SP New Energy Corp. (SPNEC) following the completion of Manila Electric Co.'s (Meralco) investment in the renewable energy firm. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, Dec. 27, SPNEC has announced that MGen...
