State-run Social Security System (SSS) has acquired a 6.37 percent stake in real estate firm Century Properties Group Inc. from the Antonio family for ₱500 million. In a disclosure to the Philippine Stock Exchange, CPG said its majority shareholder Century Properties Inc. has sold a total of...
Globe Telecom Inc. is ramping up its sustainability efforts by transitioning more than 3,000 cell sites and other low-energy utilization facilities to renewable energy, with a target completion date of 2028. The Ayala-led telecommunications giant announced that it has begun the process of...
Retail electricity supplier MPower is set to power the cell sites and facilities of PLDT, Inc. and Smart Communications, Inc. as part of the Energy Regulatory Commission’s (ERC) Retail Aggregation Program (RAP). In a statement on Thursday, July 17, Manila Electric Company (Meralco) said MPower...
Construction firm Scheirman Construction Consolidated Inc. (SCCI) has deployed ₱129 million worth of new vehicles and heavy equipment to accelerate the company’s nationwide footprint. In partnership with Powertrac Inc. and SB Rental, SCCI unveiled its new fleet during a turnover ceremony held...
Real estate giant Ayala Land Inc. continues to aggressively expand its retail leasing portfolio, with plans to open three to five malls per year, in addition to acquiring new spaces through the expansion and renovation of existing malls. In a briefing, Ayala Malls President and Head of Leasing and...
Mass housing developer 8990 Holdings, Inc. is planning to voluntarily delist from the Philippine Stock Exchange, as it believes the stock market is not providing it with a fair valuation. In a disclosure to the PSE, the firm said its board of directors approved the voluntary delisting during a...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, has maintained the top Issue Credit Rating of PRS Aaa with a Stable Outlook for its ₱2 billion outstanding Fixed Rate Bonds assigned by Philippine Rating Services Corporation (PhilRatings). Obligations...
Visayas fuel distributor Top Line Business Development Corporation, through subsidiary Light Fuels Corporation, is acquiring the gasoline station of Phoenix Petroleum Philippines, Inc. in Cebu. In a disclosure to the Philippine Stock Exchange, Top Line said its board of directors has unanimously...
Ports operator Asian Terminals Inc. (ATI) and Dubai-based logistics company DP World joined forces in investing ₱120 million to roll out the Philippines’ first complete fleet of electric internal transfer vehicles (eITVs). ATI and DP World recently unveiled a fleet of 15 eITVs and their...
Conglomerate SM Investments Corporation is leading the SM Group in its commitment to reduce plastic waste as a shared responsibility across its business units. The conglomerate recently created a working group committee that convenes and conducts regular dialogues, enjoining SM’s different...
Cebu Landmasters, Inc. (CLI) and partner Japan’s NTT Urban Development (NTTUD) Asia have officially launched their ₱9.2 billion premium residential project in Cebu IT Park—Cebu’s premier business and lifestyle hub. Developed under their joint venture company CLI NUD Ventures, The Wave...
Japanese gaming firm Universal Entertainment Corporation reported on the performance of its Philippine unit that owns Okada Manila, providing a sneak peek into the continued struggle of the Philippine integrated resort business. UEC said Okada Manila operator Tiger Resort, Leisure and Entertainment...
