Last week

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.

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.

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).

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.

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. 

Last week

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...

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).

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.

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.

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.

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...

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.

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.

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

Last week

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.

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).

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.

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.

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.

The Court of Appeals (CA) in Cebu City has reversed a Bacolod City Regional Trial Court’s (RTC) ruling and ordered the lifting of the suspension of warrant of arrest against Emily V. Yanson, former corporate secretary of Ceres Transport Inc., for perj...

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.

PHILEX Mining Corp. announced last Tuesday of having secured a P100-million syndicated debt facility for Silangan Mindanao Mining Co. Inc., which Philex Mining refers to as the “Silangan project.”

Filinvest Development Corp., the holding firm of the Gotianun group, announced last Tuesday it filed a registration statement with the Securities and Exchange Commission (SEC) for the shelf registration of peso-denominated fixed rate bonds of up to P3...

PROPERTY developer Vista Land and Lifescapes Inc. has set the price of its interest rate for its peso-denominated fixed-rate bonds.

Metro Pacific Tollways Corp. (MPTC) may spend some $600 million in its bid to acquire a 35-percent stake in Indonesia’s Jasamarga Transjawa Tol.

Hive Health Philippines Inc., a health insurance startup, said it has acquired Health Plan Philippines Inc. (HPPI), one of the pioneers in health maintenance organization (HMO) service providers in the country.