Armie Batac, Megaworld’s head of sustainability Starting your green journey today might feel like you’re late, but it’s not about when you begin—it’s about your commitment. Every step you take today shapes a better tomorrow, proving that the most important thing is simply to start....
Filinvest Land Inc. (FLI), the listed property unit of the Gotianun Group, has secured the highest PRS Aaa Issue Credit Rating from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P12 billion. In a statement, PhilRatings said FLI is planning to issue...
Billionaire Enrique K. Razon Jr.’s casino and resort firm Bloomberry Resorts Corporation (BRC) reported that Solaire North head Gregory Francis Hawkins has been appointed as acting chief operating officer (COO) of its operating subsidiary Bloomberry Resorts and Hotels Inc. (BRHI). In a disclosure...
The local stock market dropped below the 6,400 level after the US Federal Reserve signaled a slower pace of rate cuts next year. The main index fell 73.48 points or 1.14 percent to close at 6,395.60 with the Mining and Oil sector suffering the biggest loss. Volume grew to 595 million shares worth...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, plans to raise up to P25 billion from the issuance of triple-A-rated bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Philippine Rating Services Corporation (PhilRatings)...
IP leaders receive a check of P5.1 million from (L-R) Hedcor VP for Corporate Services Noreen Vicencio, AVP for O&M Mindanao Cris Fuentecilla, External Relations Mindanao Manager David Tacder, VP for Operations and Maintenance Leo Lungay, and Grid Manager Nazareth Tabudlong, along with NCIP...
Themis Group Corporation is taking over control of Ferronoux Holdings Inc. from tycoon Michael Consiquien in a backdoor listing move via an additional subscription of shares and a swap for a P4.31 billion prime property beside Okada Manila. In a disclosure to the Philippine Stock Exchange,...
The key players in the country's gas-to-power industry are exploring interconnecting their pipeline facilities to share liquefied natural gas (LNG) imports, a lifeline designed to neutralize potential fuel supply disruptions and ensure steady electricity generation from gas-fed plants. In an...
Zobel-led Ayala Corporation, the country's oldest conglomerate, has secured a €50 million (P3.1 billion) social loan from leading European bank ING to support the portfolio growth of Ayala Healthcare Holdings Inc. (AC Health). In a statement, Ayala said, "this social loan from ING comes at an...
The local stock market dropped further as the peso weakened prior to expected rate cuts in the US and by the Bangko Sentral ng Pilipinas. The main index lost 32.63 points or 0.50 percent to close at 6,469.08 as Banks continue to lead the retreat while Industrials and Services bounced. Volume was...
Philodrill Corporation, a publicly-listed holding company and oil exploration firm controlled by the Ramos family, has decided to extend the subscription call for the P175.21 million balance on subscriptions to its 2009 stock rights offering (SRO) by one more year. In a disclosure to the Philippine...
EEI Corporation, an affiliate of the Yuchengco Group, is raising P6 billion from the issuance of preferred shares to fund its real estate and power businesses. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its board had approved the issuance of 60 million preferred shares,...
