SMC Global Power Raising P15B via Bonds
The San Miguel Corp. has yet another capital-raising exercise this year to help refinance existing debt. This time around, the sale of peso-denominated bonds by its power generation arm. At …
DoubleDragon Capital Hike Approved by SEC
DoubleDragon Properties managed to secure the green light from the Securities and Exchange Commission for its capital hike. This move paves the way for preferred shares being issued to investors. …
Alibaba’s Lazada Buy Doesn’t Faze Local Firms
Local e-commerce players remain unfazed by Alibaba Group Holding Ltd.’s acquisition of Lazada Group SA. In fact, they are investing in logistics to ramp up operations, seeing the deal as …
Alson Coal Plant Waiting for Green Light
It was announced on Monday that the Alsons Power Group’s Sarangani Energy Corporation had completed key tests for its first 105 megawatt coal-fired power plant. They are currently awaiting a …
San Miguel Set to Begin Development of MRT-7
The San Miguel Corp. is set to begin working on big-ticket infrastructure projects this year. One project is the already-delayed expressway project that would connect three terminals of the Ninoy …
Ortigas & Co. to Accelerate Spending
There are plans to accelerate spending once Ortigas & Co.’s master plan for its mixed-use projects is finalized. In an interview last week, president and CEO Jaime E. Ysmael said …
Philippines Aiming to Increase Fishing at Benham Rise
The Department of Agriculture wants to increase the Philippines’ physical control of the Benham Rise by encouraging fishing communities on the east coast to fish more. According to the director …
Puregold Profit Lifted to P5B
The earnings of Puregold Price Club, Inc. managed to climb by a tenth due to robust consumer spending. Same-store sales growth accelerated to its fastest pace in the last four …
GERI Profit Surge Fueled by Real Estate Sales
Global-Estate Resorts, Inc., otherwise known as GERI, has benefited from record real estate sales. The subsidiary of Megaworld Corp. increased its net profit by a yearly 39% to P667 million …
VMC Earnings Rose by 4% in First Half
Victorias Milling Co., Inc. saw a 4% increase in revenue for the fiscal year’s first half. The rise is speculated to be on the back of greater raw sugar revenues. …