- Ayala-Mitsubishi deal seen to boost GCash IPO
THE RECENT deal between Ayala Corp. and Japan’s Mitsubishi Corp. is likely to increase the valuation of the anticipated initial public offering (IPO) of the electronic wallet GCash, according to analysts.
- Megaworld shares climb on P15-B Laoag project
MEGAWORLD Corp. shares increased last week following the company’s announcement of a P15-billion investment to develop a new township in Laoag City, Ilocos Norte. The company — in terms of value turnover — had P394.05 million worth of 174.89 million shares exchanging hands from Oct. 14 to 18, according to data from the Philippine Stock
- How Disney Cruise Line is betting big on Southeast Asia
By Kenneth Christiane L. Basilio, Reporter SINGAPORE — The Southeast Asian cruise market has seen “tremendous” growth despite disruptions from the coronavirus pandemic, a Disney Cruise Line executive said. The Disney Cruise Line recently launched a Singapore-based cruise liner to tap into the Southeast Asian market, Sarah Fox, the region’s general manager, announced during a
- Megaworld eyes P3.5 billion from Pampanga project
LISTED property developer Megaworld Corp. expects to generate P3.5 billion in sales from Saint-Marcel Residences, a planned residential condominium in San Fernando City, Pampanga, scheduled for turnover by 2030. The 17-storey Saint-Marcel Residences will feature 361 “smart home” units and will be the company’s fourth residential condo development within its 35.6-hectare Capital Town township, the
- PNOC: Three firms keen on Mabini port repurposing
STATE-RUN Philippine National Oil Co. (PNOC) announced that at least three firms are considering investing in the repurposing of its Mabini, Batangas port into an offshore wind integration port. PNOC President Oliver B. Butalid said the company is looking at deciding early next year but noted that “there can [be] unforeseen delays.” “The ones who
- D&L secures LEED Gold for Quezon City building
LISTED D&L Industries, Inc. has obtained a Leadership in Energy and Environmental Design (LEED) Gold certification for its head office in Quezon City as part of the company’s sustainability efforts. The LEED Gold certification was given for the operations and maintenance of the LBL Building, the company’s head office in Quezon City, D&L said in
- How PSEi member stocks performed — October 18, 2024
Here’s a quick glance at how PSEi stocks fared on Friday, October 18, 2024.
- Philex Mining seeks permit for nickel exploration in Pangasinan
PHILEX Mining Corp. is awaiting a permit to explore a potential nickel mining site in Pangasinan as part of its strategic goal to diversify its mineral extraction portfolio, the mining company’s president said. “We have in Pangasinan. Hindi ko pa alam saan doon (I don’t know exactly where it is yet). We have an application
- FNI eyes partnership for nickel processing plant
NICKEL ORE producer Global Ferronickel Holdings, Inc. (FNI) is in talks with two foreign companies to establish a nickel processing facility, its president said. FNI is negotiating with “two” companies, “Asian and European,” FNI President Dante R. Bravo told reporters on the sidelines of a mining forum on Thursday. FNI operates nickel mining sites in
- DD expects P27.2-B boost from Hotel101’s first 3 overseas projects
LISTED DoubleDragon Corp. (DD) expects to generate P27.2 billion in foreign currency revenue from the first three overseas projects of its subsidiary Hotel 101 Global Pte. Ltd. (Hotel101). “The first three Hotel101 overseas projects are expected to generate inflows of $471 million (P27.2 billion) in foreign currency revenues to DD,” the listed company said in