Recent discussions have emerged about expanding nuclear energy in the Philippines, but the government continues to prioritize renewable energy (RE) in adjusting the country's energy mix. During the BDO Securities Corp. Series with Alternergy Holdings Corp. on Wednesday, Oct. 2, the clean energy...
Golden MV Holdings, Inc., a publicly-listed firm controlled by billionaire Manuel B. Villar Jr., has acquired 396.88 hectares of prime land in Villar City for P5.2 billion. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors has approved the acquisition of three...
The Consunji family’s privately-held investment holding company Dacon Corporation is planning to kick off its P1.94 billion tender offer for the minority shares of Cemex Holdings Philippines Inc. (CHP) next month. In a disclosure to the Philippine Stock Exchange, CHP said it has received a copy...
Housing developer 8990 Holdings Inc., through its wholly-owned subsidiary 8990 Housing Development Corporation, has signed an agreement with the Quezon City local government to build a four tower project. In a statement, the firm said it has signed a Memorandum of Agreement with the local...
DMCI Homes, the residential developer of DMCI Holdings Inc., is preparing to venture into Cebu City’s booming condominium market, starting with a P20 billion project, as part of its nationwide expansion plan. In a statement, DMCI Homes Vice President for Project Development Dennis Yap said the...
Philippine National Bank is planning to sell 9.18 percent, worth about P2.3 billion, of its real estate subsidiary PNB Holdings Corporation after setting the stage for a possible listing by way of introduction. In a disclosure to the Philippine Stock Exchange, the bank said it had set Oct. 25,...
The Consunji Group is considering the sale of a small stake in Cemex Holdings Philippines (CHP) to ensure that the trading if its shares is not suspended and the stock will not be delisted if its public float falls below the minimum 10 percent after its tender offer. The group expects to complete...
Real estate firm DM Wenceslao Group (DMWAI) has secured power supply for its property development in Paranaque City from MPower, the local retail electricity supplier (RES) subsidiary of power utility giant Manila Electric Company. According to Meralco, the power supply agreement (PSA) signed by...
Renewable energy company Alternergy Holdings Corp. is looking for new funding to support its capital expenditures (capex) for the planned capacity expansion of 190 to 200 megawatts. In a briefing on Thursday, Sept. 26, Alternergy President Gerry Magbanua said that the company is actively exploring...
Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation has decided to postpone indefinitely its planned P4.2 billion follow-on-offering (FOO) originally scheduled from September 26 to October 2, 2024. In a letter to the Philippine Stock Exchange, the firm said that, “upon careful...
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Boracay Capital Holdings Inc. after it was found to be offering securities to the public without the necessary licenses from the Commission. In an order dated Sept. 4, 2024, the SEC Enforcement and Investor...
Young billionaire and Solar Philippines Founder Leandro Leviste is investing over P15 billion to create jobs in Batangas and other provinces through his Provincia Investments Corporation (PIC). In an announcement posted on Solar Philippines’ Facebook page, Leviste said this new budget is in...
