Updates

AboitizPower to Mothball Two Therma Mobile Power Barges Until 2027
AboitizPower’s Therma Mobile will mothball two power barges due to technical and commercial challenges, with a planned return in 2027.
 
Jollibee Lifts Foreign Ownership Cap to Attract Global Investors
JFC secures regulatory approval to remove its 40% foreign ownership cap, opening new opportunities for foreign equity participation in its growing bus..
 
GCash Surges to $5B Valuation as MUFG Finalizes 8% Stake Acquisition
GCash parent Mynt finalizes MUFG’s 8% stake acquisition, pushing its valuation to $5B.
 
Bloomberry Secures P40B Loan Refinancing for Solaire North
Bloomberry Resorts refinances a P40B loan, reducing interest costs and improving cash flow for Solaire North’s expansion and operations.
 
SM Prime and TPEC Partner to Install Solar Panels in SM Malls
SM Prime partners with TPEC to install solar panels in four malls, supplying 16% of their electricity needs with clean energy.
 
Alsons Consolidated Resources Raises P1.6B to Boost Power Projects
ACR raises P1.6B via commercial papers to expand renewable and baseload power in Mindanao while entering the Visayas market.
 
Meralco, Aboitiz, and San Miguel Secure Landmark $3.3B LNG Partnership
A $3.3B LNG partnership by Meralco, Aboitiz, and San Miguel aims to improve the Philippines' power supply with new gas facilities.
 
Maharlika Investment Corp Acquires 20% Stake in SGP, Gains NGCP Board Seats
Maharlika Investment Corporation buys into SGP, securing NGCP board seats to enhance the country’s power grid security and governance.
 
Filinvest Land Increases Stake in FILRT with Festival Mall Property Swap
Filinvest Land raises its FILRT stake to 63.27% in a ₱6.26B property-for-share swap, adding Festival Mall to the REIT portfolio
 
Semirara 2024 Nine-Month Income Declines 31% Amidst Coal Prices and Costs Pressure
SCC reports a 31% nine-month income drop and an 8% Q3 decline, with revenue up 10% on higher coal and power sales volumes.
 
AEV Reports 4% Net Income Growth Amid Mixed Sector Performance in 2024
Aboitiz Equity Ventures reports 4% income growth in 9M 2024, led by gains in power and finance; real estate and infra see mixed results.
 
Shang Properties Acquires San Miguel Subsidiary Rapidshare Realty for PHP 2.5B
Shang Properties acquires Rapidshare Realty from San Miguel for PHP 2.5B, adding prime Greenhills land to its portfolio.
 
ACEN and ib vogt’s Asia Expansion Begins with 70MW Bangladesh Solar Project
ACEN and ib vogt partner to launch a 70MW solar project in Bangladesh, marking a major step in their Asia-Pacific renewable energy expansion.
 
Metro Retail Stores Group Commits to Environmental Sustainability in Retail
Metro Retail Stores Group commits to eco-friendly practices, focusing on solar energy, LED lighting, and water conservation
 
Phinma Gains Approval for P1-B Stock Rights Offering to Fuel Growth
Phinma secures P1-B rights offering approval to fund strategic projects in solar, construction, hospitality, and property sectors.
 
DoubleDragon Launches OTSO BUENAS Bond with 8% Yield and Long-Term Growth
DoubleDragon launches the 2024 OTSO BUENAS bond offering, offering an 8% yield and highlighting its growth strategy
 
PLDT Secures P2B HSBC Social Loan to Boost Fiber in Rural Areas
PLDT secures P2B social loan from HSBC to extend fiber network to underserved communities in the Philippines
 
SM City J Mall: SM Prime’s Newest Lifestyle Hub in Mandaue City
SM Prime opens SM City J Mall in Mandaue, Cebu, offering retail, dining, and entertainment in a 100,000 sqm mall
 
Pryce Corporation Reports 40% Net Income Growth in 9M 2024 Amid Strong LPG Sales
Pryce Corp’s net income rises 40% in 2024, with LPG contributing 93.77% of total revenues. Learn more about its financial growth.
 
Manila Water Sells Bulacan Water Utilities to SMC for PHP1.02 Billion
Manila Water completes PHP1.02B divestment of Bulacan water utilities BWCI and OWCI to SMC Bulacan for strategic growth
 
Megaworld Expands to Puerto Princesa With The Bellagio Palawan Upscale Condo
Megaworld brings upscale condo living to Puerto Princesa with The Bellagio Palawan in Baytown Township, expecting to generate P3 billion in sales.
 
Megaworld Introduces Smart Condo Saint-Marcel Residences in Pampanga
Discover Saint-Marcel Residences, Megaworld’s new smart condo in Pampanga’s Capital Town, set for turnover in 2030
 
Prime Media Raises PHP 531M for Media Expansion Through Valiant and Cymac
Prime Media secures PHP 531M funding for nationwide media growth, private placements with Valiant and Cymac approved
 
Phinma Unveils Saludad Township in Bacolod with P12 Billion Investment
Phinma launches P12 Billion Saludad Township in Bacolod, blending culture and sustainability in a 21-hectare development designed for urban growth
 
Citicore 375 MW Wind Projects Take Off with Levanta Partnership
Citicore and Levanta join forces to develop 375 MW of wind energy across Luzon and Visayas, a key step for renewable energy in the Philippines
 
Cityland Development Corp. Gets SEC Nod for ₱1 Billion Commercial Papers
Cityland Development secures SEC approval for ₱1 billion commercial papers to fund ongoing projects and corporate needs
 
DITO Targets to Double Subscribers by 2025 with Affordable 5G WOWFi
DITO launches affordable 5G WOWFi, aiming to reach 300,000 subscribers by 2025 with fast, unlimited home broadband.
 
Ayala Corp. Sells 50% Stake in GCash Parent to Mitsubishi for ₱18.4 Billion
Ayala sells 50% of GCash parent company to Mitsubishi for ₱18.4B, boosting fintech growth
 
SM Group Invests ₱2 Billion to Transform Clark into Key Economic Hub
SM Group invests P2B in Clark, boosting connectivity, jobs, and tourism with a new transport terminal and more hotels
 
Robinsons Land Announces Block Sale of RL Commercial REIT (RCR) Shares
Robinsons Land completes PHP 1.87 Billion RCR share sale, backed by institutional investors.
 
Asia United Bank Achieves Record ₱8.6B Net Income in 9 Months of 2024
Asia United Bank reports a record net income of P8.6B for the first nine months of 2024, driven by strong revenue growth and improved credit quality
 
BPI Posts Record-Breaking ₱48 Billion Income in First Nine Months of 2024
BPI records ₱48B net income for 9M 2024, boosted by 24% revenue growth and increased loan demand across key portfolios
 
Bloomberry Secures P72 Billion Refinancing to Bolster Solaire Expansion
Bloomberry Resorts' P72B refinancing deal boosts cash flow and supports the ramp-up of Solaire Resort North
 
DMCI to Issue Preferred Shares Worth P10 Billion for Cemex Deal
DMCI Holdings issues P10 billion in preferred shares to acquire a 56.75% stake in Cemex and strengthen its business portfolio
 
Philippine Bank of Communications Launches P2 Billion Peso Bond Offering
PBCom kicks off its ₱2B peso bond issuance at 6.08% fixed rate. Proceeds support corporate growth and loan expansion
 
SMC and Ayala Land Partner for Improved SLEX Access with Ayala Greenfield Interchange
SMC, Ayala partner on Ayala Greenfield Interchange, set to transform travel and boost economy in Southern Luzon.
 
MREIT Expands with PHP13.15 Billion Acquisition of 6 Prime Office Properties
MREIT boosts portfolio with ₱13.15B property acquisition, expanding office spaces across key locations in the Philippines.
 
SPNEC Powers Up with Php8.9 Billion Investment in Terra Solar and Terra Nueva
SPNEC boosts its solar energy vision with a Php8.93B investment in Terra Solar and Terra Nueva for a groundbreaking renewable project
 
Metro Pacific and San Miguel Tollway Merger on Track for October 2024 Completion
MPTC and SMC aim to complete their tollway merger by October 2024, promising improved efficiency in the Philippine toll road system.
 
BPI Sells Stake in GoTyme Bank After BSP Approval
BPI sells its 15% stake in GoTyme Bank for Php902M, approved by BSP, to avoid product overlap following the BPI-Robinsons Bank merger.
 
DoubleDragon Launches ₱30 Billion Retail Bond Program for 2024-2026
DoubleDragon Corporation announces a ₱30 billion retail bond program aimed at strengthening its financial position, starting Q4 2024
 
Filinvest REIT Expands EXL Lease in Northgate Cyberzone
Filinvest REIT expands its lease with EXL in Northgate Cyberzone, offering sustainable, Grade A office spaces in a strategic business hub.
 
Cebu Pacific Completes PHP 1.75 Billion Acquisition of AirSWIFT to Boost Local Travel
Cebu Pacific acquires AirSWIFT for PHP 1.75 billion, expanding its domestic routes and enhancing local travel options.
 
Ayala Partners with Metrobank in $200M Deal to Fund Expansion in Key Sectors
Ayala secures $200M loan from Metrobank to fund strategic investments in tech, health, and logistics.
 
PHINMA Education’s Expansion Backed by KKR: Enhancing Growth and Digital Transformation
PHINMA Education secures KKR investment to boost digital transformation, expand access to quality education, and grow across Southeast Asia.
 
Arthaland Increases Capital for Ultra-Luxury Condo Project in Makati
Arthaland invests P18M in Bhavya Properties to boost Eluria, an ultra-luxury condo in Makati, meeting rising residential demand.
 
PNB Property Dividends 2024: 0.6% of Shareholders Ready for Payout
PNB shareholders, only 0.6% are eligible for October property dividends. Get the details on the dividend distribution
 
PLDT, Meralco, and MPIC Boost Stakes in DigiCo as Digital Payments Business Expands
PLDT, Meralco, MPIC expand into digital payments via DigiCo's acquisition of Bayad and Multipay. Ownership structure realigned.
 
Inflation in the Philippines Hits 4-Year Low at 1.9% in September 2024
Philippine inflation drops to 1.9% in September 2024, the lowest since 2020, driven by food and fuel price declines.
 
PSE H1 2024 Earnings Drop Amidst Challenging Market Conditions
Philippine Stock Exchange reports a 4.7% drop in earnings for H1 2024 due to lower trading values and rising expenses.
 
 
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