Healthway Medical Network (HMN), the healthcare unit of Ayala Healthcare Holdings Inc. (AC Health), launched the Healthway Cebu Velez General Hospital (HCVGH) following months of upgrading the recently acquired Cebu Velez General Hospital. AC Health said the launch marks a major milestone in its...
The Securities and Exchange Commission (SEC) is poised to ease the minimum public ownership (MPO) requirement for initial public offerings (IPOs), a move that could clear a major hurdle for the long-anticipated market debut of Globe Fintech Innovations Inc. (Mynt), the operator of e-wallet GCash....
Visayas-Mindanao developer Cebu Landmasters Inc. (CLI) raised ₱4 billion in its latest bond sale, locking in funding to deliver thousands of new, affordable homes in the central and southern Philippines. The new sustainability-linked bond (SLB) tranche was officially listed on Friday, Dec. 5, at...
Century Properties Group Inc. (CPGI) is planning the registration of bonds worth ₱12 billion with the Securities and Exchange Commission (SEC), followed by an initial offering of up to ₱5 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it will be offering...
Meralco PowerGen Corp. (MGen), the generation arm of Manila Electric Co., is finding ways to utilize the power capacity from its planned 1,200-megawatt (MW) coal plant in Quezon province after navigating regulatory and policy hurdles this year. MGen President and Chief Executive Officer Emmanuel...
Globe and the Bank of the Philippine Islands (BPI) have taken a significant step toward more secure and seamless digital banking with a Proof of Concept (POC) for Silent Network Authentication (SNA). This next-generation verification method aims to reduce scams associated with One-Time Passwords...
Unicapital Inc., one of the Philippines’ leading independent investment houses, has appointed Karen Singson, a former finance undersecretary as its new managing director. Singson, a Chartered Financial Analyst (CFA) and Harvard Business School graduate, brings more than two decades of experience...
The Brazilian business unit of Razon-led International Container Terminal Services Inc. (ICTSI), CLIA Pouso Alegre, has completed the expansion of its logistics and industrial center. ICTSI said the expansion strengthens the connection between Port of Rio de Janeiro and Southern Minas Gerais, a...
Gotianun-led Filinvest Land Inc. (FLI) reported that it has reinvested ₱1.86 billion raised from the share buyback and exchange for Filinvest REIT Corp. (FILRT) shares executed on Dec. 11, 2024. In a disclosure to the Philippine Stock Exchange (PSE), FLI said the transaction involved the...
Nagoya, Japan – If Japan’s energy giant JERA Co. Inc. wants to make one truth unmistakably clear, it’s that the energy transition isn’t some one-size-fits-all crusade. Other than the spotlight-grabbing renewables, the hard reality is that repurposing existing coal fleets through ammonia...
SM Prime Holdings Inc. (SM Prime), one of Southeast Asia’s largest property developers, will maintain its ₱100 billion capital expenditure (capex) budget for next year as it continues an aggressive expansion in the Philippines. “We will probably maintain the capex that we had this year, which...
Investors in the local stock market hope that share prices will sustain last week’s gains as the government is set to announce the November inflation rate this week, which could support a rate cut by the Bangko Sentral ng Pilipinas (BSP). “Whilst hard fought, positive sentiment still took over...
