The Philippine Stock Exchange Board of Directors has approved the listing of the shares of Medilines Distributors Inc. (MEDIC), paving the way for its planned P2 billion initial public offering (IPO). For its maiden offering, MEDIC will be selling up to 825 million primary and secondary shares from...
Maynilad Water Services Inc. will push back by another week its pipe realignment activity to give its 2.9 million customers more time to prepare for the estimated four-day water service interruption. In a statement, Maynilad said that it moved the schedule of service interruptions from October 25,...
Vallacar Transit Inc_ The courtroom battle of the Yanson family, who are squabbling for control of Vallacar Transit Inc. (VTI) and its sister bus companies, drags on. One faction filed new charges of falsification and perjury against the Yanson 4 siblings and their lawyer Atty. Anna Isabella C....
Investment house AB Capital Group is beefing up its operations after it suddeny hulked up with the entry of some of the country’s top billionaires into its board of directors. This comes after private investment holding firm The Campden Hill Group took control from the Gaisano family’s Vicsal...
Filinvest Land Inc., a member of the Gotianun Group, has obtained the highest Issue Credit Rating of PRS Aaa from Philippine Rating Services Corporation (PhilRatings) for its planned bond issuance of up to P10 billion. The firm disclosed to the Philippine Stock Exchange that it is planning a P8.0...
Century Pacific Food, Inc., one of the leading branded food companies in the Philippines, is diversifying into the pet food business through its newly developed brand called Goodest. In a disclosure to the Philippine Stock Exchange, CNPF Executive Chairman Christopher Po said “Pet food is one of...
AREIT Inc., pioneering real estate investment trust sponsored by Ayala Land Inc., is planning to raise P3 billion from the issuance of fixed-rate bonds as the initial tranche of its proposed Debt Securities Program of up to P15.0 billion. The firm intends to use the net proceeds from the bond...
For those who want to help, there is always a way While art is a medium that expresses beauty and change, it can also be a tool to help others in their time of need. And since the onset of the pandemic, where Filipinos faced great challenges, from employment layoffs and food scarcity to typhoons,...
media Smart Communications, Inc. (Smart) and Korea's largest telecommunications company, KT Corp., have signed a Memorandum of Understanding (MoU) to explore and develop consumer 5G use cases for Filipinos. "In order to build a truly world-class 5G ecosystem with life-changing experiences, we need...
The various residential brands under the Villar Group of developers presents an opportunity for those who are looking for alternative or even main source of income as the local economy continues to reel under the impact of the pandemic. Villar Group Chairman Manuel B. Villar Jr., the country’s...
Synergy Grid & Development Philippines, Inc. has lowered its follow-on offering size by 32 percent to a maximum of P19.57 billion from the earlier ceiling of P28.86 billion. Based on the firm’s disclosure to the Philippine Stock Exchange, the firm said it has reduced its FOO price range to...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
