THE Securities and Exchange Commission (SEC) announced last Wednesday it has officially opened a new extension office in Lipa City, in line with its efforts to facilitate business formation, invest in high-growth regions, and keep a closer watch on fra...

AYALA Corp. announced last Wednesday its executives signed a 50-million euro (about P3.1 billion) “social” loan from ING Bank N.V. to support the growth of the portfolio of its wholly-owned subsidiary Ayala Healthcare Holdings Inc. (AC Health).

RFM Corp. on Thursday said the Philippines has consistently ranked as one of Unilever’s top-performing international markets for ice cream.

Ayala Corp. has requested the Philippine Stock Exchange (PSE) to suspend the trading of its preferred B series 2 shares (APB2R shares) starting November 14, as it will redeem the shares.

Last week

Malaysia’s electronics manufacturing services provider VS Industry Berhad, through its local unit, VS Industry Philippines Inc. (VSIP), will occupy over 52,700 square meters of gross leasable space in ALogis Santo Tomas in Batangas—its first operation...

Camille Villar, daughter of billionaire Manuel B. Villar Jr., and Lance Gokongwei of JG Summit Holdings Inc., warned the public about unscrupulous groups using their names in their illegal activities.

Last week

CONGLOMERATE San Miguel Corp. was among the top 10 of the maiden Fortune Southeast Asia 500, which ranks companies according to the size of their revenues.

Conglomerate San Miguel Corp. (SMC) is targeting to grow its revenues and operating income by double digits this year as its main businesses continue to expand.

The Court of Appeals (CA) has extended for six months its freeze order on the bank, investment and insurance accounts of Maria Francesca Tan Group of Companies Inc. (MFT).

Last week

Countryside Investments Holdings Corp., the firm of businessman Leandro Antonio L. Leviste, has signed a term sheet with Manuel V. Pangilinan to invest some P5 billion for an initial 71.6-percent in listed firm Roxas Holdings Inc. 

Shakey’s Pizza Asia Ventures Inc., an operator of fast casual restaurant in the Philippines, said its net income last year expanded by 23 percent to P1.08 billion from the previous year’s P874.4 million, on higher sales.

Century Properties Group Inc. (CPG) said its net income last year jumped to a 10-year high and surpassed the level recorded prior to the pandemic mainly due to the strong performance of its affordable housing brand.

The Securities and Exchange Commission will start imposing on April 1 higher fines and penalties for the late and non-filing of reportorial requirements by corporations.

Last week

Regulators are looking at creating guidelines for cryptocurrencies, Finance Secretary Ralph G. Recto said.

NON-life insurance firm Malayan Insurance Co. Inc. has partnered with Dutch firm Atradius Credito y Caucion S.A. de Seguros y Reaseguros, a trade credit insurer, which the company said will significantly benefit thousands of local and international co...

The Po family’s Century Pacific Food Inc. (CNPF) on Monday said it entered into a new long-term contract with The Vita Coco Co. Inc., a listed US company that sells coconut water.

Shares of Premium Leisure Corp. (PLC), the Sy-controlled gaming firm, were suspended for trading starting Monday after it announced its decision to voluntary delist from the Philippine Stock Exchange (PSE).

Bloomberry Resorts Corp., the gaming firm of billionaire Enrique K. Razon Jr., said its net income last year surged 85 percent to P9.5 billion from the P5.1 billion recorded in 2022, on higher revenues of Solaire Resorts and Casino.

THE Philippine National Bank, the lender controlled by tycoon Lucio Tan, said it reached a consolidated net income of P18 billion last year, a growth of 55 percent year-on-year on the back of robust net interest income and lower credit provisions. Net...

GoTyme Bank Corp., a joint venture with the Gokongwei and Singapore-based Tyme group, said it is confident to hit its 5 million depositors by the end of the year as it is targeting to offer more services to its customers.

BDO Unibank Inc., the country’s largest lender, said its net income grew 28 percent last year to P73.4 billion from P57.1 billion in 2022, from growth across its core businesses.

Apex Mining Co. Inc. said it is operating on a limited capacity due to the landslide that occurred on its premises in Barangay Masara, Maco, Davao de Oro last week.

The SM Group, led by SM Investments Corp. (SMIC), received 14 awards for public relations during the 59th Anvil Awards.

Regional property developer Cebu Landmasters Inc. (CLI) has filed with the Securities and Exchange Commission (SEC) its registration statement for the issuance of P5-billion perpetual preferred shares, which it will list on the Philippine Stock Exchange.

Last week

The Securities and Exchange Commission (SEC) has filed a criminal complaint against Eton Phil Non-Specialized Wholesale Trading for conducting unauthorized investment solicitation activities.

Chemrez Technologies Inc., the biodiesel manufacturing unit of D&L Industries Inc., is set to benefit from the latest government circular that proposes to increase the biodiesel blend in fuels to 3 percent starting this year.

PROPERTY developer Megaworld Corp’s. real estate investment trust Mreit Inc. has extended the closing date of its acquisition of its sponsor’s seven assets to next May, exactly a year when it signed a memorandum of understanding (MOU).

PUBLICLY-LISTED restaurant operator Figaro Coffee Group Inc (FGC). and Kitchen City have just opened a joint coffee chain at the World Trade Center (WTC) in Pasay.

SM Prime Holdings Inc. said it is spurring Laguna’s economic growth with the mall operator’s recent expansion in local communities.

REAL estate broker Leechiu Property Consultants Inc. said capital values across Metro Manila’s main commercial districts have sustained their levels despite local and global headwinds throughout the year.

Property developer Robinsons Land Corp. (RLC) and its real estate investment trust, RL Commercial REIT Inc. (RCR), have accepted the resignation of Frederick D. Go following his announcement that he will join the Marcos administration.

Conglomerate Metro Pacific Investments Corp. (MPIC), through its wholly-owned subsidiary Metro Pacific Agro Ventures Inc. (MPAV), has closed the deal to acquire a strategic stake in coconut products producer Axelum Resources Corp.

Citicore Renewable Energy Corp. (CREC), a pure-play renewable energy producer in the Philippines, has filed for an initial public offering (IPO) aimed at raising as much as P12.94 billion.