Tiger Resort, Leisure and Entertainment Inc., (TRLEI) the integrated resort operating under the name Okada Manila, continued to report a drop in both revenues and earnings but showed that quarterly gaps are becoming narrower. TRLEI’s parent company Universal Entertainment Corporation disclosed in...
Ayala-led ACEN Corporation, in partnership with US-based renewable energy firm BrightNight, announced the commissioning of the first phase of its Optima Maharashtra hybrid project in India. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Jan. 17, ACEN stated that the 153-megawatt...
Zobel-led Ayala Corporation has entered into a partnership with the UP Engineering Research and Development Foundation Inc. (UPERDFI) to advance collaboration and capability building on artificial intelligence (AI) and data science. In a statement, Ayala said the partnership seeks to support the UP...
The PSEi resumed its downward trek after a small bounce the previous day as late selling wiped out gains made due to US inflation numbers coming within expectations. The main index dropped by 64.94 points or 1.03 percent to close at 6,265.52 as Banks led the retreat with only Miners advancing....
Hotels and resorts developer Discovery World Corporation (DWC) has started construction of Kip&Kin Siargao, its first venture into the country’s surfing capital. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the project will be undertaken by its wholly-owned subsidiary...
Diversified conglomerate San Miguel Corporation (SMC) is planning to raise a yet undetermined amount of fresh capital through the issuance of its common and preferred shares. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors has approved the amendment of...
Diversified conglomerate San Miguel Corporation (SMC) announced the retirement of its long-time Chief Finance Officer and Treasurer, Ferdinand K. Constantino, effective Feb. 1, 2025. In a disclosure to the Philippine Stock Exchange (PSE), the Ramon S. Ang-led conglomerate said Constantino will be...
Gatchalian-led Acesite (Phils.) Hotel Corporation is planning the soft opening of the refurbished Waterfront Manila Hotel & Casino by the first quarter next year as completion has been delayed due to construction challenges. “The reopening of the hotel will be executed in three carefully...
Property developer DoubleDragon Corporation, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, has set the interest rate for its planned P10 billion issuance of long-term peso retail bonds at 7.77 percent per annum. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Aboitiz Power Corporation's renewable energy unit, Aboitiz Renewables Inc. (ARI), announced it will move forward with the development of the Libmanan onshore wind project in Camarines Sur. In a statement, ARI said it has taken over the shares of its former partner, Mainstream Renewable Power...
The local stock market bounced with global bourses as the steep drop in the past days presented bargain-hunting opportunities. The main index added 30.79 points or 0.49 percent to close at 6,330.46 with the Property counter leading the advance although sectoral indices were evenly split. Volume was...
West Zone concessionaire Maynilad Water Services Inc., a partnership between Metro Pacific Investments Corporation (MPIC), DMCI Holdings and Marubeni Corporation, is already talking to several banks in preparation for its planned $1 billion initial public offering (IPO). In an interview at the...
