While the Bangko Sentral ng Pilipinas is widely expected to cut interest rates this month, property developer DoubleDragon Corp. has opted to offer ₱10.9 billion worth of Peso retail bonds at a fixed rate of 7.7 percent. In a disclosure to the Philippine Stock Exchange, the firm said its board of...
MREIT Inc., the real estate investment trust (REIT) of top township developer Megaworld Corp., is raising its authorized capital stock by 60 percent to ₱8 billion from ₱5 billion so it can issue more shares for the acquisition of fresh assets. In a disclosure to the Philippine Stock Exchange...
The Aboitiz and Yuchengco groups have secured their respective boards’ approval for a planned joint venture to significantly expand the TARI Estate in Tarlac by 184 hectares to 384 hectares. The joint venture agreement is between LIMA Land, Inc., a wholly owned subsidiary of Aboitiz InfraCapital...
Megaworld Hotels & Resorts, a unit of township developer Megaworld Corp. and the country’s largest hotel developer, is opening seven new hotels to grow its nationwide portfolio by 50 percent to 9,000 hotel room keys by 2030. In a disclosure to the Philippine Stock Exchange, Megaworld said these...
TeaM Energy recently donated medical equipment to hospitals in the province of Quezon. Gov. Angelina Helen Tan received the donation of vital newborn care equipment from Froilan Gregory H. Romualdez III, TeaM Energy Assistant Vice President for External Affairs, during a turnover ceremony at the...
Tanduay Distillers Inc., the spirits unit of the Lucio Tan Group, reported that its flagship Tanduay rum has climbed to seventh place in The Spirits Business’ “Top 10 Best-Selling Brand Champions” list and is its Rum Brand Champion for 2024, with sales of 23.8 million cases in 2024. “Being...
In line with its 40th anniversary, SM Supermalls has unveiled the largest rooftop solar photovoltaic (PV) system on a commercial building in the country at SM City Fairview, reinforcing its commitment toward environmental sustainability and corporate resilience. This is a significant contribution...
Top township developer Megaworld Corp. is preparing for another infusion of assets into MREIT Inc. later this year by unloading ₱1.17-billion worth of the real estate investment trust’s (REIT) shares. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it sold 84.8 million...
Every time a family enjoys a cool and clean mall facility and amenities, they’re benefiting from something invisible but essential—responsible water management. At SM Supermalls, water stewardship means ensuring clean, reliable water systems for communities they serve, while reducing...
When we think of food and Malabon City, one of the first things we think of is its iconic Pancit Malabon, characterized by thick, chewy rice noodles; orange sauce flavored with shrimp, fish sauce, and crab roe paste; topped with a heavy sprinkling of egg and seafood—an ode to the abundance of...
Long before “sustainability” became a corporate buzzword, SM Supermalls was already quietly laying the groundwork for a greener future. Since opening its very first mall—SM City North EDSA in 1985—the retail giant has embraced a circular economy approach, integrating eco-friendly practices...
Property developer DoubleDragon Corporation has completed its fully pre-leased five-hectare CentralHub warehouse complex in Cebu, marking a milestone of 1.5 million gross floor area (GFA) of completed assets in its portfolio. In a disclosure to the Philippine Stock Exchange, the firm stated that it...
