US-basaed Capital Group Companies Inc. (CGC), one of the world’s largest investment management firms with over $2.6 trillion in assets, reported that it now has accumulated a 5.052 percent stake in the Gokongwei Group’s Universal Robina Corporation afte. In a disclosure to the Philippine Stock...
The Securities and Exchange Commission (SEC) is seeking to entice real estate companies with rental pool arrangements to tap the capital market for their growth and financing needs with the launched of streamlined rules for the registration their securities. Rental pool agreements refer to...
AC Mobility has teamed up with sister company Ayala Land Inc. to ramp up the installation of electric vehicle high-speed charging stations in ALI’s masterplanned estates nationwide, starting with the Makati Central Business District. Through the partnership AC Mobility aims to install 700...
Maynilad Water Services Inc. reported that feedback from preliminary investor meetings has been encouraging for its planned initial public offering, valued at up to ₱45.8 billion. In a letter to the Philippine Dealing & Exchange Corporation, Maynilad Corporate Information Officer Lourdes Marivic...
SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, is considering the construction of a hotel in Laoag City to complement the mall it will be opening on May 30, 2025. In a disclosure to the Philippine Stock Exchange, the firm said it is opening SM...
ILOILO CITY – Officials of the Department of Public Works and Highways-6 (Western Visayas) has questioned the filing of graft and corruption cases by the Crimes and Corruption Watch International Inc. (CCWII). “What’s the reason behind? What’s their real intent?” DPWH-6 Regional Director...
Moody’s Ratings has affirmed the credit ratings of three of the Philippines ’ largest banks —BDO Unibank Inc., Bank of the Philippine Islands (BPI), and Metropolitan Bank & Trust Co. (Metrobank)—on the back of their solid capital positions, stable profitability, and strong liquidity, even...
Real estate giant Ayala Land Inc. (ALI) has signed a 25-year contract agreement for the lease and continued development of the John Hay Technohub in Camp John Hay, Baguio City, according to the Bases Conversion and Development Authority (BCDA). In a statement, BCDA President and Chief Executive...
Vista Land & Lifescapes Inc., owned by the richest Filipino Manuel B. Villar Jr., posted a five percent improvement in net income to ₱3.4 billion in the first quarter of 2025 from ₱3.23 billion in the same period last year due to higher sales and leasing income combined with lower expenses. In...
For the people of Toledo City, Cebu, the ocean is more than just a view — it’s a lifeline worth preserving. Along one of its coasts, Aboitiz Power Corporation (AboitizPower), through its subsidiary Therma Visayas, Inc. (TVI), is working with the Scubasureros to protect marine ecosystems....
Jollibee Foods Corporation is divesting its stake in C-Joy Poultry Realty Inc., the firm that owns the land for its chicken meat processing joint venture with Cargill Philippines, C-Joy Poultry Meats Production Inc. tIn a disclosure to the Philippine Stock Exchange, Jollibee said it will fully...
VisMin developer Cebu Landmasters, Inc. (CLI) expects to generate a total of ₱5.4 billion in revenue from its recently launched garden-themed residential condominium in Pristina Town—its most prime township in northern Cebu City. The firm stated that the project, North Grove, is the first...
