Credit to Author: Tyrone Jasper C. Piad| Date: Tue, 14 Jan 2020 16:21:00 +0000
MEGAWORLD Corp. is aiming to generate P2.3 billion in sales from its fifth residential development to be constructed in The Mactan Newtown in Lapu-Lapu City. The listed property developer said in a disclosure on Tuesday that The Pearl Global Residences, a 20-level residential condominium tower, is slated for completion in 2025. The project will offer […]
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Credit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 14 Jan 2020 15:00:16 +0000
LISTED Metropolitan Bank & Trust Co. (Metrobank) has secured another regulatory approval for its merger with its credit card subsidiary. “Please be advised that the Bank has received the approval of the Securities and Exchange Commission (SEC) on Jan. 13, 2020 stating that the merger of Metrobank Card Corp. (MCC) into [the] Metropolitan Bank & […]
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Credit to Author: Jordeene B. Lagare| Date: Tue, 14 Jan 2020 14:00:37 +0000
AC Energy Philippines Inc. is investing P1.86 billion in a 120-megawatt (MW) solar power farm in Alaminos town, Laguna province. In a disclosure on Tuesday, AC Energy said it had signed a subscription agreement with SolarAce1 Energy Corp., which would develop the farm. Under the deal, the Ayala-led energy firm would subscribe 6,000,000 Class A common […]
Read moreCredit to Author: Lisbet K. Esmael| Date: Mon, 23 Dec 2019 14:00:53 +0000
DITO Telecommunity Corp. has acquired more than 3,000 sites for its network infrastructure in preparation for the launch of its commercial operations next year. In a statement over the weekend, the government-chosen Filipino-Chinese telecommunications company said it was set to hit its committed level of services in its first year of operations, which is targeted […]
Read moreCredit to Author: Jordeene B. Lagare| Date: Mon, 23 Dec 2019 13:00:09 +0000
SYNERGY Grid & Development Philippines Inc. is optimistic that the planned share swap with businessmen Henry Sy Jr. and Robert Coyiuto Jr. will materialize in early 2020, according to one of its officials. In a recent interview, Synergy Director Vicente Gerochi 4th said the company planned “to do that (share swap) immediately [at] the start […]
Read moreCredit to Author: Jordeene B. Lagare| Date: Thu, 19 Dec 2019 16:35:03 +0000
AC Energy Philippines Inc. (ACEPH) has acquired a stake in a company which will be developing a 300-megawatt (MW) diesel power plant in Rizal province. ACEPH signed on Thursday a subscription agreement with Ingrid Power Holdings Inc. which will undertake a diesel facility in the municipality of Pililia. Construction of the first 150 MW will […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Thu, 19 Dec 2019 16:33:53 +0000
CASUAL dining firm Max’s Group Inc. (MGI) is on track to meet its 2019 net income and revenue targets amid bullish performance. “We’re on track. We are happy with how the stores are performing. The network is growing,” MGI Chief Executive Officer Robert Trota told reporters on the sidelines of its first multi-brand site opening […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Thu, 19 Dec 2019 16:32:20 +0000
DM Wenceslao & Associates Inc. is seeking to develop reclamation projects — occupying a total of 735 hectares (ha) — in Parañaque City and Cavite. In a disclosure on Thursday, the listed developer said that it had submitted new proposals with the Philippine Reclamation Authority to pursue reclamation projects in the said locations. The 400-ha […]
Read moreCredit to Author: Jordeene B. Lagare| Date: Fri, 13 Dec 2019 17:38:24 +0000
PHOENIX Petroleum Philippines Inc. has listed P3 billion worth of short-term commercial papers on the Philippine Dealing and Exchange Corp. (PDEx). The Series C papers, which carry a fixed discount rate of 4.6657 percent per annum, is part of the listed oil company’s three-year P10-billion commercial paper program registered with the Securities and Exchange Commission. […]
Read moreCredit to Author: Ma. Lisbet K. Esmael| Date: Fri, 13 Dec 2019 17:36:58 +0000
A unit of Philippine Infradev Holdings Inc. would enter into a joint venture with Megaworld Corp. for a common station for the $3.7-billion Makati Subway System and the proposed Sky Train. In a regulatory filing, Philippine Infradev said its subsidiary Makati City Subway Inc. (MCSI) accepted on Friday the term sheet from the listed property […]
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