The Philippine Postal Corp. (PHLPost) announced the resumption of the issuance of the Postal functional Card, popularly known as the Postal ID, which started last Oct. 15. In a statement on Thursday, Oct. 17, PHLPost said the Postal ID is available in all capturing and registration Post Office...
The SM Group is expanding its footprint in Clark Freeport and Special Economic Zone in Pampanga with the construction of a P2 billion multi-modal transport terminal, a convention center, and several hotels. In a statement, SM Investments Corporation said its integrated property in Clark is set to...
The Department of Trade and Industry (DTI), Small Business Corporation (SB Corp), and Philippine Franchise Association (PFA) have formed a partnership to promote franchising as a viable business option. In a statement, the DTI said the partnership aims to create a thriving franchising ecosystem by...
In an exciting move early this year, Victor Consunji Development Corp. (VCDC) successfully acquired 80,290 square meters of prime land from one of the country’s leading developers, Sta. Lucia Land. The acquisition forms part of Sta. Lucia's latest premium offering, Acropolis Loyola, located in...
Ayala Corporation chairman Jaime Augusto Zobel de Ayala, Ayala Land president and CEO Meean Dy, Department of Transportation Undersecretary Andy Ortega, Calamba City Mayor Ross Rizal, Department of Public Works and Highways Director Pelita V. Galvez, Toll Regulatory Board Executive Director Atty....
Semirara Mining and Power Corporation announced that its Board of Directors has approved the declaration of a special cash dividend amounting to P10.6 billion, equivalent to P2.50 per outstanding common share. In a disclosure to the Philippine Stock Exchange, the firm said its shareholders on...
The local stock market surged on expectations of another rate cut by the Monetary Board later this week. The main index rallied by 129.90 points or 1.77 percent to close at 7,456.31 as the Property sector led the charge although Miners declined due to lower gold prices. Volume was higher at 553...
Listed mining firm Benguet Corp. said on Tuesday, Oct. 15, it secured another 25 years of permit from the Department of Environment and Natural Resources (DENR) to operate and conduct mining activities in Balanga, Bataan. In a regulatory filing, Benguet Corp. said it received the approval of the...
Bloomberry Resorts Corporation, billionaire Enrique K. Razon Jr. leisure and gaming business, reported that its subsidiaries have signed a P72.0 billion Syndicated Refinancing Facility with a group of banks. In a statement, Bloomberry said the agreement was signed by its subsidiaries...
DMCI Holdings Inc. has secured the approval of its shareholders for the P10 billion cash infusion of parent company Dacon Corporation to fund its share in the acquisition of an almost 90 percent stake in Cemex Holdings Philippines Corporation (CHP). Approved during the special stockholders’...
Passengers at Ninoy Aquino International Airport (NAIA) are set to experience a faster Internet connection as its new operator upgraded wifi connectivity as part of its efforts to enhance services. In a statement, New NAIA Infrastructure Corporation (NNIC) said it partnered with telecommunications...
Large real estate developers in the country have voiced their support for proposed legislation aimed at extending the Bases Conversion and Development Authority’s (BCDA) corporate term. Filinvest Land Inc. (FLI), Ayala Corp., Megaworld Corp., and Hann Development Corp. have submitted letters of...
