- Ayala Corp. secures SEC nod for P20-billion share offer
THE Securities and Exchange Commission (SEC) has approved Ayala Corp.’s preferred share offering of up to P20 billion. In a meeting held on May 27, the Commission En Banc rendered effective the registration statement of Ayala Corp., the corporate regulator said in an e-mail statement on Wednesday. The offering consists of the re-issuance of 5
- SM City Laoag to open as SM Prime’s 88th mall
LISTED SM Prime Holdings, Inc. will open SM City Laoag in Ilocos Norte on May 30, marking the real estate developer’s 88th mall in the country. Located near Laoag International Airport, the three-level SM City Laoag has more than 51,000 square meters of gross leasable space, SM Prime said in a statement on Wednesday. It
- Cebu Pacific to lease aircraft to Saudi carrier Flyadeal
BUDGET AIRLINE Cebu Pacific will lease two of its aircraft to Saudi Arabia’s low-cost carrier Flyadeal as part of a new partnership between the two companies. “With Cebu Pacific’s growing fleet, we seek to maximize the potential of our increased capacity through all months of the year. The utilization of our capacity by other carriers
- Aboitiz targets to lift Bohol-Panglao airport capacity by 25%
ABOITIZ InfraCapital, Inc., the infrastructure arm of the Aboitiz group, will take over Bohol-Panglao International Airport (BPIA) on June 16 and start a P4.53-billion expansion to raise capacity by 25%, from two million to 2.5 million passengers annually within two years. “The modernization of BPIA is not just about upgrading infrastructure — it’s about enabling
- Tender offer for Keppel Philippines shares extended to June 11
INVESTMENT holding company Keppel Philippines Holdings, Inc. (KPHI) has extended the tender offer period for its shares until 3 p.m. on June 11 as part of its voluntary delisting from the Philippine Stock Exchange (PSE). Kepwealth, Inc., which is conducting the tender offer for KPHI, extended the offer period from April 28–May 28 to June
- Rockwell Land sees 70% rise in Q1 reservation sales to P8.2B
LOPEZ FAMILY-LED real estate developer Rockwell Land Corp. said it saw a 70% year-on-year increase in first-quarter (Q1) reservation sales to P8.2 billion. Of this amount, P3.5 billion came from new horizontal projects, Rockwell Land President and Chief Operating Officer Valerie Jane L. Soliven said during the company’s virtual annual stockholders’ meeting on Wednesday. The
- Globe eyes modest growth in subscribers, revenues
GLOBE TELECOM, Inc. is aiming for single-digit growth in prepaid subscribers and revenues this year, citing increasing mobile data usage among Filipinos, a company official said. “We have around 60 million prepaid customers,” Globe Head of Consumer Mobile Business Eric Leif Tanbauco said during the Globe of Good Media Launch on Wednesday. “The goal is
- Meralco moves to lower smart meter prices
MANILA ELECTRIC Co. (Meralco) said it is exploring measures to lower the cost of smart meters under its advanced metering infrastructure (AMI) program, which aims to cover its eight million customers within its franchise area. “Hopefully, we can do that,” Ronnie L. Aperocho, executive vice-president and chief operating officer of Meralco, told reporters on Wednesday
- How PSEi member stocks performed — May 28, 2025
Here’s a quick glance at how PSEi stocks fared on Wednesday, May 28, 2025.
- Meralco seeks DoE nod to procure 800 MW of power
POWER DISTRIBUTOR MANILA Electric Co. (Meralco) said it is awaiting the issuance of certifications from the Department of Energy (DoE) to proceed with its bidding processes to procure a total of 800 megawatts (MW) of electricity. Lawrence S. Fernandez, Meralco’s vice-president and head of utility economics, said the issuance of a certificate of conformity (CoC)