SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
SM Prime Holdings Inc., the property arm of the SM Group, has achieved LEED Gold certification for seven of its properties as of 2024. In a statement, the firm said it continues to pursue green certification for its other properties to address climate change and enhance disaster resilience. The...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
The Philippine Chamber of Commerce and Industry (PCCI) has recognized SM Investments Corporation and BDO Unibank Inc. as among this year’s “Country Movers,” to highlight their significant contributions to national development. Presented during the 50th Philippine Business Conference and Expo...
Pangilinan-led conglomerate Metro Pacific Investments Corporation (MPIC) is selling its 50 percent stake in Philippine Coastal Storage & Pipeline Corporation (PCSPC) for about $255 million (P14.55 billion). In a statement, MPIC said it has entered into a definitive agreement to sell its stake...
In a small town in Albay, the marine environment houses diverse aquatic species crucial for biodiversity. Unfortunately, the climate crisis is set to worsen the reduction of diversity in marine ecosystems, which prompts the need to adopt sustainable practices and preserve with urgency the resources...
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...
Metro Pacific Investments Corporation’s digital healthcare platform, mWell, reported that it has integrated Physiare Physical Therapy Center’s cutting-edge physical therapy offerings in the mWell HealthHub. In a statement, mWell said this collaboration provides users with seamless access...
PLDT Inc., Manila Electric Company (Meralco), and Metro Pacific Investments Corporation are infusing a total of P570 million into DigiCo which is investing the same amount for a stake in Bayad Center and Multipay Corporation. In disclosures to the Philippine Stock Exchange (PSE), PLDT, Meralco, and...
Metro Pacific Health Corporation (MPH), the leading private hospital group in the country, has acquired a majority stake in San Francisco Doctors Hospital (SFDH) in Agusan del Sur. The investment,. made with subsidiary Santos Clinic, Inc. (SCI) which owns and operates Manuel J. Santos Hospital...
Young billionaire and Solar Philippines Founder Leandro Leviste is investing over P15 billion to create jobs in Batangas and other provinces through his Provincia Investments Corporation (PIC). In an announcement posted on Solar Philippines’ Facebook page, Leviste said this new budget is in...
