- SM to open 3 malls in 2025, targets 100 malls by 2027
SM SUPERMALLS, a unit of SM Prime Holdings, Inc., plans to open three new malls next year and aims to have 100 malls in its portfolio by 2027, according to its president. “We have three mall openings for sure next year,” SM Supermalls President Steven Tan told reporters on the sidelines of a media event
- SMC Tollways lists P35-B fixed-rate bonds
SMC Tollways Corp. (SMCTC) listed its P35-billion fixed-rate bond issuance at the Philippine Dealing & Exchange (PDEx) on Thursday as part of the company’s funding initiatives. The bond offer consisted of P30 billion with an oversubscription option of P5 billion, SMCTC said in an e-mailed statement. It was given a “PRS Aaa” with a stable
- AboitizPower energizes its first solar plant in Central Luzon
ABOITIZ Power Corp. (AboitizPower), through its renewable energy arm Aboitiz Renewables, Inc., announced that its 45-megawatt (MW) Armenia Solar Project in Tarlac is now operational. The solar power facility, the company’s first in Central Luzon, connects to the grid via an 11.58-kilometer transmission line that traverses five barangays, the company said in a statement on
- EEI Power bags rooftop solar system deal with Mindoro Medical Center-Calapan
EEI Power Corp. has signed a contract with the Mindoro Medical Center-Calapan, Inc. for the installation of a rooftop solar system on the latter’s hospital in Oriental Mindoro. Under the contract, EEI Power will install a 605-kilowatt-peak (kWp) solar photovoltaic rooftop system as part of the hospital’s sustainability goals. “This partnership with EEI Power is
- AbaCore’s Raul B. De Mesa, 81
VETERAN banker Raul B. De Mesa, who served as president, chairman, and chief executive officer of AbaCore Capital Holdings, Inc., and as director of Pacific Online Systems Corp., has passed away at age 81. AbaCore and Pacific Online announced Mr. De Mesa’s death in separate disclosures on Thursday. “His untimely departure has left an irreplaceable
- Eastern Communications enters deal for ‘secure’ links to int’l data networks
EASTERN Communications has partnered with ST Telemedia Global Data Centres (STT GDC) Philippines and AMS-IX, a global peering hub, to help establish secure links to international data networks, the company said on Thursday. In a statement, Eastern Communications said the partnership will help strengthen the country’s enterprises by establishing connectivity and expanded access to global
- Hong Kong’s HGC Global seeks to boost PHL data center connectivity
HONG KONG-BASED HGC Global Communications, Ltd. (HGC) recently introduced its new data center interconnect (DCI) solution that links eight data centers in the Philippines. “The launch of DCI service comes in response to the growing demands for data center-to-data center connectivity from the region into the Philippines, and growing cloud and content hosting to the
- How PSEi member stocks performed — December 5, 2024
Here’s a quick glance at how PSEi stocks fared on Thursday, December 5, 2024.
- AboitizPower sees strong 2024 finish
ABOITIZ POWER Corp. (AboitizPower) expects to close 2024 with a strong performance, driven by new capacities coming from its power plants and improvements in infrastructure, its president said. “We’ve got immense availability, more capacity coming online, growth in our distribution business, improvements in our infrastructure. So many small things all adding up,” AboitizPower President and
- MSpectrum tapped for Laguna solar project
MSPECTRUM, Inc., a wholly owned solar subsidiary of Manila Electric Co. (Meralco), has entered into a partnership with food manufacturer Edward Keller Philippines, Inc. (EKPI) for a solar project in Laguna. In a statement on Wednesday, the company said it will install a 630-kilowatt-peak (kWp) solar facility at EKPI’s industrial facility in Carmelray Industrial Park,