The Securities and Exchange Commission (SEC) has approved the acquisition by MREIT Inc., the real estate investment trust of township developer Megaworld Corporation, of six prime PEZA-accredited office properties worth P13.15 billion. In a disclosure to the Philippine Stock Exchange...
Zobel-led Ayala Corporation has successfully raised P15 billion from the public offering and sale of its Preferred Class “B” Shares (ACPB3 shares) which it will list at the Philippine Stock Exchange (PSE) on Oct. 15, 2024. The firm informed the PSE that it reissued and sold five million ACPB3...
Kuala Lumpur — State-run National Power Corporation (Napocor) is seeking additional funding through a loan by next year to bolster its power supply and prevent potential outages. On the sidelines of Enlit Asia 2024, Napocor President Fernando Roxas said that they are exploring a loan of around...
SP New Energy Corporation (SPNEC), a subsidiary of the Meralco Group, is shelling out P8.93 billion for the acquisition of additional stake in Terra Solar Philippines Inc. and Terra Nueva Inc. In a regulatory filing on Thursday, Oct. 10, SPNEC said its board of directors approved the subscription...
Lopez-led clean energy firm First Gen Corporation shared that its low-carbon power plants and gas-fired facilities are some of the ways to achieve energy security, energy equity and affordability, and environmental sustainability. During the Economic Journalists Association of the Philippines...
Kuala Lumpur — Time is of the essence for power firm Aboitiz Power Corporation as it aims to complete its coal expansion project under its subsidiary, Therma Visayas Inc. (TVI). On the sidelines of Enlit Asia 2024 here, AboitizPower shared that they are actively speaking with potential partners...
Dennis Uy-led Dito Telecommunity Corporation is targeting to end the year with 16 million subscribers after surpassing a new user count milestone last week. “We have just crossed 13 million subscribers last week. Hopefully [we reach] 16 million [by the end of the year],” Dito Chief Executive...
Former Public Works chief Rogelio L. "Babes" Singson has been hailed by the big business group Management Association of the Philippines (MAP) as its Management Person of the Year 2024. In a statement on Wednesday, Oct. 9, MAP said Singson, who is currently president and chief executive officer...
Shown in the photo (from left) are Jordan Tan, head of business development of Manila Bulletin; Gian Carlo Borromeo, strategic communications, corporate communications, and public affairs of Ayala Corporation; and Philip Cu Unjieng, project lead of Manila Bulletin Sustainability Forum 2024. Ayala...
DoubleDragon Corporation is looking to raise as much as P30 billion over the next two years through the issuance of retail bonds as part of its plan to boost its financial position and cash reserves. In a regulatory filing on Wednesday, Oct. 9, DoubleDragon said that the bonds will be issued in...
Gotianun-led Filinvest Land Inc. is expanding in the Visayas region with the recent opening of its new mall, Filinvest Malls Dumaguete. On Tuesday, Oct. 8, Filinvest said the new mall is situated at the Flores Avenue along the Dumaguete bay, and boasts of 3,759 square meters (sqm) of gross leasable...
Zobel-led Ayala Corporatiion, the country’s oldest conglomerate, has secured a senior long-term loan facility amounting to $200 million from Metropolitan Bank & Trust Company (Metrobank). The loan facility will support Ayala's strategic financing initiatives for its ongoing commitments and...
