- 8990 Holdings seeks delisting, tenders P10.42 per share
MASS HOUSING developer 8990 Holdings, Inc. is planning to voluntarily delist from the Philippine Stock Exchange (PSE), with its subsidiary launching a tender offer at P10.42 per share as part of the exit process.
- SEC cuts filing fees for MSMEs by up to 50%
THE Securities and Exchange Commission (SEC) is slashing rates on certain filing fees for micro, small, and medium enterprises (MSMEs) to support their growth. The corporate regulator issued Memorandum Circular (MC) No. 8 on July 16, which provides for lower rates on certain transactions involving MSMEs, with discounts ranging from 20% to 50%. “MSMEs are
- SSS acquires 740-M Century Properties shares
LISTED real estate developer Century Properties Group, Inc. (CPG) has sold P500 million worth of shares to the state-led Social Security System (SSS) through a block sale transaction. SSS acquired 740.74 million CPG shares at P0.675 per share, the company said in a regulatory filing on Thursday. CPG is primarily engaged in the development, marketing,
- RLC to open tournament-level pickleball center by 2027
GOKONGWEI-LED PROPERTY developer Robinsons Land Corp. (RLC) is constructing Asia’s first tournament-level pickleball center at Bridgetowne Estate in Pasig City, targeted for completion by 2027. An investment of up to P1 billion has been allocated for the construction of the Helios Pickleball Center, a joint venture between RLC and Kosmas Athletic Ventures Corp. The center
- PLDT Global eyes TinBo user growth through partnerships
PLDT Inc., through its unit PLDT Global Corp., is confident in increasing the user base of its one-stop-shop platform, Tindahan ni Bossing (TinBo), a company official said. “We are looking at further collaboration. TinBo is now reaching over a half-million-user base across the globe, with the Middle East as our strongest base,” PLDT Global Chief
- Globe starts transition of 3,000 cell sites to renewable energy
AYALA-LED Globe Telecom, Inc. said it has started shifting more than 3,000 cell sites and other low-energy utilization facilities to renewable energy (RE) as part of its net-zero goal. In a media release on Thursday, Globe said these cell sites are in Metro Manila and Region IV-A, with the full transition to renewables expected to
- Ayala Malls hikes renovation budget to P17.5 billion
AYALA MALLS is increasing the budget for its mall renovation program to include more properties, as the developer aims to add 700,000 square meters (sq.m.) of new gross leasable area (GLA) over the next five years. Mariana Zobel de Ayala, Ayala Malls president and head of the leasing and hospitality group, said during a media
- D&L retains credit rating for P2-B bonds
LISTED food ingredients and oleochemicals producer D&L Industries, Inc. has kept the highest credit rating for its P2-billion outstanding fixed-rate bonds from the Philippine Rating Services Corp. (PhilRatings). PhilRatings affirmed the PRS Aaa credit rating with a stable outlook for D&L’s P2-billion outstanding fixed-rate bonds, the company said in a disclosure to the local bourse
- 7-Eleven PHL eyes 5,000 stores by 2026
LISTED Philippine Seven Corp. (PSC) said it plans to expand its network to 5,000 stores nationwide by next year. “I think it’s pretty safe to say it should be at least 5,000 (stores) sometime next year,” PSC Chairman Jose Victor P. Paterno said during a media briefing on Thursday. PSC is the exclusive licensee of
- PHINMA boosts property arm with P300-M capital for Saludad project
DEL ROSARIO-LED conglomerate PHINMA Corp. has infused P300 million into its property subsidiary, PHINMA Property Holdings Corp. (PHINMA Properties), for the development of the 21-hectare Saludad township in Bacolod City. “The additional investment will be fully allocated to the development of the Saludad township project in Bacolod and will enable PHINMA Properties to take advantage