Zobel-led Ayala Corporation’s access to yen-denominated loans to fund growth initiatives at competitive rates has been enhanced after being assigned an inaugural foreign currency long-term issuer rating of “A-” by Japan Credit Rating Agency Ltd. (JCR). According to the report released by JCR,...
Keppel Philippines Holdings Inc. (KPHI), a subsidiary of Keppel Corporation Ltd. of Singapore, is seeking to voluntary delist its shares from the Philippine Stock Exchange (PSE) after a ₱268.63 million tender offer is conducted to acquire minority-held shares. In light of the planned tender offer...
Jollibee Foods Corporation, one of the largest Asian food service companies, is acquiring a controlling interest in the leading Chinese wellness soup brand in Taiwan through its subsidiary Milkshop International Co. Ltd. (Milksha) for P183.5 million. In a disclosure to the Philippine Stock Exchange...
Metro Pacific Water Solutions (MPWS), a unit of the Metro Pacific Group, has signed a memorandum of understanding (MOU) with Hitachi Asia Ltd., a subsidiary of Hitachi Ltd., to explore potential joint projects in the water and wastewater management sector in the Philippines. In a statement, Metro...
Japanese banking giant MUFG Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to lower interest rates at a slower pace next year alongside an also slower depreciation of the Philippine peso when US President-elect Donald J. Trump returns to the White House. In a Dec. 20 report, MUFG senior...
The Ty family’s flagship GT Capital Holdings Inc. announced key leadership changes in its wholly-owned subsidiary Federal Land Inc., with Jose Mari H. Banzon taking the helm of the property development company starting next year. In a disclosure to the Philippine Stock Exchange, GT Capital said...
By Pete Dacuycuy MEET THE ARTIST Myse Salonga Self-taught artist Myse Salonga is crowned Noble Queen of Culture and Arts 2024 at the sixth edition of the Crowning and Awarding Ceremony of the Noble Queen of the Universe Advocacy International Pageant, held at the Cities Events Place,...
Security Bank Corporation and its shareholder, Bank of Ayudhya PCL (Krungsri), may soon merge Home Credit Philippines (HCP) following the recent exit of MUFG Bank Ltd. from HCP. Security Bank has entered into an agreement to acquire MUFG’s 25 percent stake in HC Consumer Finance Philippines Inc....
Ayala-led Globe Telecom Inc. joined forces with Singapore-based Transcelestial Technologies Pte Ltd. to deploy a laser communications system that would expand its 4G and 5G connectivity in the country. Through its shared services and outsourcing arm Asticom Technology Inc., Globe said it conducted...
The Manila Electric Company (Meralco) and South Korea’s Samsung C&T Corporation Engineering & Construction (Samsung C&T) Group have joined forces to promote the adoption of nuclear energy in the country. In a statement, Meralco said that the memorandum of understanding (MOU)...
Power utility giant Manila Electric Company (Meralco) has accepted the lowest bid from Aboitiz-led GNPower Dinginin Ltd. Co. (GNPD) for its 400-megawatt (MW) mid-merit supply requirement, ensuring stable electricity for consumers. In a statement, Meralco said GNPD’s bid was at P7.6816 per...
Ayala-led ACEN Corporation has broadened partnership deals with two Singaporean firms for transition credits (TC) trading that could financially support the advanced retirement of its 246-megawatt South Luzon Thermal Energy Corporation (SLTEC) coal-fired power plant in Batangas. The latest...
