- Megaworld targets to open P1.2-B Mactan World Museum by 2027
TAN-LED property developer Megaworld Corp. said it is building a P1.2-billion modern museum inside its 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The company aims to complete and open the Mactan World Museum by 2027, Megaworld said in a statement to the stock exchange on Thursday. The museum will be built along Newtown Boulevard,
- Megawide bags contract to build Landers Aseana City
SAAVEDRA-LED Megawide Construction Corp. has secured the contract to build a new Landers Store in Aseana Business Park, Parañaque City. Landers Aseana is an 18,710.91 square meter development, with construction expected to be finished by March 2025, Megawide said in an e-mailed statement on Thursday. The ceremonial concrete pouring for project was done on March
- SPC Power board OK’s sale of Bohol Light shares to Razon’s Primelectric
SPC Power Corp. said its board of directors has approved the sale of its shares in Bohol Light Co., Inc. to Primelectric Holdings, Inc. for nearly P200 million. The company holds a total of 29.93 million common shares priced at P6.67 per share, totaling P199.5 million in Bohol Light, the power distribution utility in Tagbilaran
- Filinvest REIT expects to power 94% of office buildings with RE soon
FILINVEST REIT Corp. (FILRT) expects that 94% of its office building portfolio will soon transition to renewable energy (RE) sources, the Gotianun-led company said on Thursday. Filinvest Three in Muntinlupa City has qualified for the Green Energy Option Program (GEOP) and seeks to be powered by 100% renewable energy by the third quarter. Additionally, Axis
- Ayala Land eyes to finish merger with 34 subsidiaries by 2026
LISTED property developer Ayala Land, Inc. (ALI) said it expects to finish the planned merger with its 34 subsidiaries by the first half of 2026. “We are looking to complete the transaction on or before the first half of 2026,” ALI Chief Finance Officer Augusto D. Bengzon said during the company’s annual virtual stockholders meeting
- SMC SLEX expansion seen completed by yearend
SAN MIGUEL Corp. (SMC) said the expansion of South Luzon Expressway (SLEX) is now 70% complete and will be finished by yearend. “The SLEX expansion will be a significant boost to the Cavite, Laguna, Batangas, Rizal, and Quezon (Calabarzon) region, which currently generates almost 20% of the country’s GDP (gross domestic product),” SMC President and
- SEC introduces new cornerstone guidelines to boost investor participation in IPOs
THE Securities and Exchange Commission (SEC) has introduced new guidelines aimed at enhancing investor involvement in initial public offerings (IPOs) within the local market. Memorandum Circular No. 8, issued on April 11, outlines these guidelines for cornerstone investors in IPOs, the SEC said in a statement on Thursday. Cornerstone investors are those who commit to
- How PSEi member stocks performed — April 25, 2024
Here’s a quick glance at how PSEi stocks fared on Thursday, April 25, 2024.
- OceanaGold PHL sets final IPO price at P13.33
OCEANAGOLD Philippines, Inc. (OGPI) announced on Wednesday the final offer price for its upcoming initial public offering (IPO) at P13.33 per share, falling below the upper estimate of P17.28 per share projected by its parent company OceanaGold Corp. The IPO will consist of 456 million secondary common shares, with the company setting May 13 as
- Asialink Finance plans IPO by 2028
ASIALINK Finance Corp. (Asialink) is gearing up to conduct an initial public offering (IPO) by 2028, its chief executive officer said on Wednesday. In preparation for this milestone, the finance company is working to strengthen its financial standing, Asialink Chief Executive Officer Robert B. Jordan, Jr. said during a briefing. “We aim to raise as