Top township developer Megaworld Corp. has divested more of its stake in integrated resort developer Suntrust Resort Holdings Inc., bringing its holdings down to 23.65 percent of the affiliate’s outstanding capital. In a disclosure to the Philippine Stock Exchange (PSE), Megaworld said it...
The Philippine Stock Exchange index (PSEi) made a strong bounce on Monday, Dec. 22, and recovered last Friday’s lost ground on the back of bargain-hunting and some window-dressing for the year’s end. The main index jumped by 120.39 points, or 2.03 percent, to close at 6,041.26, with the advance...
PH Resorts Group Holdings Inc., the gaming arm of embattled businessman Dennis Uy, is exploring a total pivot of its business model after losing its casino license and warning investors of a cash crunch that threatens its survival. The company confirmed in a regulatory filing on Monday, Dec. 22,...
Globe Telecom enters the next phase of its digital and business transformation, demonstrating that strong financial discipline and operational efficiency can power growth even amid challenging market conditions. With a robust balance sheet and strengthened cash generation, Globe is positioned to...
Top township developer Megaworld Corp. raised ₱1.86 billion through the sale of equity in its real estate investment trust (REIT) and its integrated resort subsidiary. In a disclosure to the Philippine Stock Exchange on Monday, Dec. 22, Megaworld said the company sold 98 million shares of MREIT...
Filinvest Land Inc., the property arm of the Gotianun family’s conglomerate, is shuttering a wholly owned subsidiary to streamline its corporate structure as development of its flagship mall in Clark remains on track under a separate unit. In a disclosure to the Philippine Stock Exchange,...
EVOxTerra Inc., the official distributor of Hongqi vehicles in the Philippines, marks another milestone as it officially joins the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI), the country’s leading automotive association representing the industry’s foremost automotive...
Enrique M. Aboitiz, chairman of Aboitiz Equity Ventures Inc., was appointed as an independent director to the board of International Container Terminal Services Inc., the port operator led by billionaire Enrique Razon. Aboitiz will join the board on Jan. 1, 2026, to serve the unexpired term of...
The Securities and Exchange Commission (SEC) approved the registration of rental pool agreements for two units of Cebu Landmasters Inc., allowing the Visayas-Mindanao property developer to offer investment contracts for its serviced residence projects. The commission en banc on Dec. 16 rendered...
Tanduay Distillers Inc., the spirits unit of billionaire Lucio Tan’s conglomerate, is expanding its European presence through a distribution agreement in Denmark as it seeks to capture the growing regional appetite for premium rum. The Philippine distiller partnered with Bastard Spirits, a...
PH Resorts Group Holdings Inc., the gaming firm led by Davao-based tycoon Dennis Uy, terminated partnership talks with EEI Corp. after the government’s gaming regulator revoked the license for its stalled casino project in Cebu. In a disclosure to the Philippine Stock Exchange on Thursday, Dec....
Megaworld Corp. has finalized the infusion of ₱16.22 billion worth of office assets at McKinley Hill in Taguig City into its real estate investment trust (REIT), MREIT Inc., through its latest batch of property-for-share swaps. The firms disclosed to the Philippine Stock Exchange (PSE) that...
