SM Investments Corporation (SMIC) is acquiring the 31.73 percentstake of Chelsea Logistics and Infrastructure Holdings Corporation in 2GO Group Inc., for about P6.64 billion, to gain control of the shipping and logistics firm. In a disclosure to the Philippine Stock Exchange, SMIC said...
As a leading German global luxury brand dedicated to providing innovative water products for complete bathroom solutions and kitchen fittings, Grohe has to find new ways to reach out to its consumers and the public during these times when there are no trade shows and open showrooms. Grohe has its...
Ford Philippines has unveiled the Ford Ranger FX4 MAX, a new Ranger pickup truck that delivers off-road driving capabilities inspired by the Ranger Raptor while living up to the Ranger’s brand of comfort, safety, and versatility. The Ranger FX4 MAX comes in six colors, including Arctic White,...
Metro Pacific Investments Corporation (MPIC) and its logistics arm MetroPac Movers Inc. (MMI) helped store batches of the CoronaVac vaccine, from Beijing-based biopharmaceutical firm Sinovac, in the MetroPac Movers Inc. warehouse in Marikina City. “We are now embarking on our journey towards...
The Tiwi and Makiling-Bahanaw geothermal plants have started supplying the electricity requirements of American financial services company Wells Fargo through the retail electricity supplier (RES) agreement that the parties have entered into. Wells Fargo Philippines, McKinley Hill, Bonifacio Global...
Real estate developer Century Properties Group, Inc. has raised P3.0 billion in fresh funds from its latest bond offering, P1 billion more than its initial target because the offer was twice oversubscribed. CPG said the three-year unsecured Peso-denominated fixed rate retail bonds, carrying a...
Philippine garment factories expect to receive new orders worth up to $500 million from top global fashion brands as they start transferring production orders from troubled Myanmar to the Philippines and other Asian countries. Photo credit: (Philexport News and Features) Foreign Buyers Association...
Israeli-based firm LR Group is yet to seal a deal with the Philippine government three years after it was supposedly tapped to develop a solar-powered irrigation system (SPIS) in the country. National Irrigation Administration (MANILA BULLETIN) In a statement, the National Irrigation Administration...
German firm Siemens Energy is projecting that economies in the Asia Pacific region will immensely propel energy demand growth within the stretch of two decades or until year 2040. Brian Byrne, senior vice president of Siemens Energy Asia Pacific Hub, said “Asia Pacific’s growth aspirations will...
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
Century Properties Group Inc. announced that Jose Roberto “Robbie” R. Antonio has resigned as Co-Managing Director and Member of the Board, effective immediately. In his letter to the CPG Board on February 20, 2021, Antonio said his departure will allow him to focus on resolving the issues in...
The Ayala group of companies has immediately mobilized resources to assist families affected by Taal Volcano’s renewed seismic activity. Through Ayala Foundation, the Ayala group provided food and non-food items for families staying in three evacuation centers in Talisay, Batangas on February 17...
