The group of lenders led by the Bankers Association of the Philippines (BAP) is selling a smaller stake in Philippine Dealing System Holdings Corporation (PDSHC) to the Philippine Stock Exchange than the amount earlier targeted. In a disclosure, the PSE said that it has entered into a Share...
Top Line Business Development Corporation, a Cebu-based fuel retailer planning an initial public offering, reported a record high net income of P90.5 million in the first nine months of 2024, a 157 percent surge from P35.2 million for the same period in 2023. In a statement, the firm said its...
While there have been potential foreign institutions interested to invest in the country's first sovereign wealth fund, it has yet to secure any investment from President Marcos' foreign trips. MIC President Rafael Consing Jr. (RTVM) "Wala pa (Nothing so far)," Maharlika Investment Corporation...
Some senators on Tuesday, Jan. 28, have expressed support for Maharlika Investment Corporation's (MIC) bid for a 20-percent stake in the National Grid Corporation of the Philippines (NGCP). MAIDEN INVESTMENT — President Ferdinand 'Bongbong' Marcos Jr. with Maharlika Investment Corp. (MIC)...
Dividends from the Maharlika Investment Corporation (MIC) will not offer relief for the recapitalization of the Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP), the head of the sovereign wealth fund stated. During a Jan. 28 press conference,...
Synergy Grid and Development Philippines Inc. (SGP) has accepted a binding offer from the state-run Maharlika Investment Corporation (MIC) for a 20-percent stake to secure a foothold in the National Grid Corporation of the Philippines (NGCP), Malacañang said. MAIDEN INVESTMENT — President...
(Unsplash) The National Transmission Corporation (Transco) has acknowledged before congressmen its backlogs in right-of-way (ROW) cases, including projects that go beyond their existence, as well as those that are related to the operation of...
Tanco-led gaming firm DigiPlus Interactive Corporation expects strong double-digit growth in its registered online players this year, even with the entry of new competitors. In an interview, DigiPlus Chairman Eusebio Tanco highlighted the company's hypergrowth over the last two years, with...
State-run Philippine National Oil Company (PNOC) has firmly stipulated in a motion for reconsideration filed with the Supreme Court that the exclusion of land assets from the Petron Corporation shares sale is not just a legal and Constitutional nuance but a safeguard of sovereign assets, shielding...
SteelAsia Manufacturing Corp. said it is investing P30 billion in a new plant in Candelaria, Quezon, to produce heavy structural steel products currently sourced entirely from imports. In a statement on Wednesday, Jan. 22, the steel manufacturer said the plant, expected to begin commercial...
Homegrown non-bank lender Asialink Finance Corp. (AFC) has secured a $130 million (around P7.605 billion) financing deal with the International Finance Corporation (IFC), a World Bank Group member, aimed at improving its working capital and support for small businesses, especially those owned by...
Renewable energy firm Alternergy Holdings Corporation is taking steps to achieve its clean energy capacity goals by appointing two financial advisors for its capital raising program. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 20, Alternergy announced that it had engaged...
