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Metro Pacific sets sights on Clark airport upgrade

Jul 16, 2017 - 11:50 PM

The Bases Conversion and Development Authority plans to start the auction for the airport's P12.5-billion expansion within the year

Metro Pacific sets sights on Clark airport upgrade

Ex-2GO chief decries attack over accounting scandal

Jul 14, 2017 - 1:51 PM

'The only explanation for this fiasco is that the new external auditor might have found an opportunity to get back at us,' says Sulficio Tagud Jr

Ex-2GO chief decries attack over accounting scandal

Doubts hound KPMG following 2GO accounting scandal

Jul 13, 2017 - 5:30 PM

But KPMG RG Manabat says that its audit was based on the 'judgment and estimates' made by 2GO management during that period

Doubts hound KPMG following 2GO accounting scandal

FDI net inflows down 61.1% to $874M in April

Jul 10, 2017 - 6:00 PM

The net inflows total $2.4 billion for January to April this year, down 32% compared to the $3.6 billion in the same period a year ago

FDI net inflows down 61.1% to $874M in April

FAST FACTS: SM Investments Corporation

Jun 28, 2017 - 7:45 PM

Here's what every consumer should know about SM Investments Corporation, the conglomerate of the Philippines' richest man

FAST FACTS: SM Investments Corporation

Doing business under Duterte? Philippines' richest family shows how

Jun 21, 2017 - 7:13 PM

Henry Sy Sr's conglomerate is expanding its presence in China and Mindanao. His group has also started submitting unsolicited proposals for public infrastructure.

Doing business under Duterte? Philippines' richest family shows how

$544M of hot money flows out of PH in first 5 months of 2017

Jun 18, 2017 - 10:20 PM

A net total of $543.79 million in foreign portfolio investments flows out, in contrast to the $178 million in net inflows for the January-May period last year

$544M of hot money flows out of PH in first 5 months of 2017

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

Jun 17, 2017 - 10:49 AM

About 68 listed Philippine firms, including 4 Andrew Tan-led businesses, will need to sell more shares to the public if SEC hikes the minimum public float to 20%

Proposed SEC rule to hit San Miguel, PAL Holdings, Andrew Tan firms

PLDT sells remaining stake in Beacon to MPIC

Jun 14, 2017 - 1:30 PM

Metro Pacific Investments Corporation, the sister company of PLDT, buys the telco's remaining stake in Beacon for P21.8 billion

PLDT sells remaining stake in Beacon to MPIC

San Miguel's P1-trillion petrochem facility to break ground by end-2017

Jun 13, 2017 - 7:10 PM

The planned oil refinery will mainly produce petrochemicals, with a capacity of 250,000 barrels per day

San Miguel's P1-trillion petrochem facility to break ground by end-2017

Global Business Power to acquire 50% stake in Alsons

Jun 05, 2017 - 3:50 PM

Through its deal with the Alsons group, Global Business Power will now reach the Mindanao market

Global Business Power to acquire 50% stake in Alsons

Groups of Ramon Ang, MVP set sights on MRT3 upgrade

Jun 05, 2017 - 7:40 AM

It was in 1999 when MRT3 was opened to decongest EDSA. Now, EDSA remains congested

Groups of Ramon Ang, MVP set sights on MRT3 upgrade

Metro Pacific, PH's largest infra firm, unfazed by unrest in Mindanao

May 27, 2017 - 10:24 AM

Metro Pacific Investments Corporation (MPIC) – which holds power, water, rails, toll roads, logistics, and hospitals in its portfolio – will soon announce a 'big' investment in Mindanao

Metro Pacific, PH's largest infra firm, unfazed by unrest in Mindanao

8 Philippine companies among world's largest listed firms

May 25, 2017 - 8:00 PM

SMIC, BDO, JG Summit, Ayala, Top Frontier, Metrobank, Aboitiz, and Meralco – with a combined market value of $72.4 billion – make it to Forbes' 2017 Global 2000 list

8 Philippine companies among world's largest listed firms

No merger? Henry Sy firm among top shareholders of RCBC

May 23, 2017 - 12:15 AM

A privately held company of the Sy family, owner of China Bank and BDO Unibank, has been buying shares of RCBC, a Yuchengco-led bank

No merger? Henry Sy firm among top shareholders of RCBC

PLDT sells remaining stake in SPi Global

May 22, 2017 - 4:45 PM

The transaction values SPi Global at $330 million (P16.42 billion)

PLDT sells remaining stake in SPi Global

Petron to start $20B oil refinery in early 2018

May 16, 2017 - 6:08 PM

Other than its planned greenfield project, Petron plans to spend another $2 billion (P99.41 billion) to expand its plants in Bataan and Malaysia

Petron to start $20B oil refinery in early 2018

Iran's Rouhani vows to end remaining sanctions in final debate

May 13, 2017 - 1:21 AM

Rouhani is seeking a second four-year term next Friday. He says Tehran's nuclear deal with world powers had ended many sanctions and brought a windfall from renewed oil sales over the past year that could now be invested

Iran's Rouhani vows to end remaining sanctions in final debate

Metro Pacific on the lookout for at least 2 logistics acquisitions

May 03, 2017 - 6:50 PM

Metro Pacific's president and chief executive officer wants logistics to be a major contributor to the conglomerate's operations

Metro Pacific on the lookout for at least 2 logistics acquisitions

SM Investments shakes up management, prepares 3rd generation

Apr 27, 2017 - 8:45 AM

'It is an indication that the family would like to professionalize the management of the SM group in preparation for the future,' says its new chairman, Jose Sio

SM Investments shakes up management, prepares 3rd generation

Logistics boosts 2GO's net income in 2016

Apr 17, 2017 - 6:20 PM

The management of 2GO attributes the strong performance to 'sustained topline growth coupled with improved cost efficiencies'

Logistics boosts 2GO's net income in 2016

Phoenix boss Dennis Uy replaces Tagud as head of 2GO

Apr 10, 2017 - 7:07 PM

The Davao-based Uy also serves as the chairman of Udenna Corporation, the parent firm of Phoenix Petroleum Corporation and Chelsea Logistics Corporation

Phoenix boss Dennis Uy replaces Tagud as head of 2GO

How SM Investments acquired stake in 2GO

Apr 04, 2017 - 2:25 PM

The Sy-led conglomerate acquires a 34.5% stake in 2GO's parent company for $124.50 million

How SM Investments acquired stake in 2GO

Metro Pacific pouring P153B into public infrastructure 'til 2018

Apr 04, 2017 - 9:33 AM

The infrastructure conglomerate is set to start construction of the Cavite-Laguna Expressway and Cebu-Cordova Link Expressway, among others, in 2017

Metro Pacific pouring P153B into public infrastructure 'til 2018

SM enters logistics through stake in 2GO

Mar 31, 2017 - 8:13 PM

SMIC's new 34.5% stake in 2GO marks the marriage of the Philippines' largest retailer with the country's largest logistics provider

SM enters logistics through stake in 2GO

QC approves Metro Pacific-led group's waste-to-energy project

Mar 27, 2017 - 8:40 PM

The project can convert Quezon City's municipal solid waste into renewable energy that would be enough to power as many as 90,000 homes

QC approves Metro Pacific-led group's waste-to-energy project

When Filipino firms expand abroad, it's not always rosy

Mar 26, 2017 - 12:00 PM

Del Monte Pacific, among the first Filipino-owned firms in recent years to buy companies abroad, shares challenges and plans

When Filipino firms expand abroad, it's not always rosy

Metro Pacific clarifies funding amid drop in share price

Mar 23, 2017 - 7:15 PM

Metro Pacific management clarifies that the conglomerate will not conduct a capital raising exercise in the near future

Metro Pacific clarifies funding amid drop in share price

PCC allows SM Investments to buy dormitory developer

Mar 19, 2017 - 11:45 PM

If pursued, this will mark the SM group's entry into the country's rental housing market

PCC allows SM Investments to buy dormitory developer

George Ty and MVP transaction is best deal of 2016 – IHAP

Mar 19, 2017 - 10:00 AM

The deal that brought together two of the biggest conglomerates in the country is recognized as the most innovative and complex

George Ty and MVP transaction is best deal of 2016 – IHAP

5 regional airport PPP deals attract more honchos

Mar 13, 2017 - 4:02 PM

Companies led by Jaime Augusto Zobel de Ayala, Lucio Tan, Manuel V. Pangilinan, Erramon Aboitiz, Ramon Ang, Andrew Gotianun, and Manuel Louie Ferrer are interested

5 regional airport PPP deals attract more honchos

PH ends 2016 with foreign direct investments up 40.7%

Mar 12, 2017 - 8:15 PM

Foreign direct investments total $7.9 billion, outstripping the central bank's own forecast of $6.7 billion

PH ends 2016 with foreign direct investments up 40.7%

Why SM Investments lost P73 billion in a day

Mar 10, 2017 - 9:37 PM

SM Prime Holdings Incorporated overtakes SM Investments as the country's most valuable listed company in terms of market capitalization

Why SM Investments lost P73 billion in a day

MVP group plans to build children's hospital in Metro Manila

Mar 05, 2017 - 11:15 PM

Metro Pacific chief Manuel V. Pangilinan says there is a huge market for children's care

MVP group plans to build children's hospital in Metro Manila

Property, banking fuel SM Investments' net income

Mar 01, 2017 - 9:10 PM

The Sy family's property and banking businesses continue to drive their conglomerate's financial performance

Property, banking fuel SM Investments' net income

Metro Pacific sustains double-digit income growth despite tariff issues

Mar 01, 2017 - 8:20 PM

The overdue hike adjustment is not stopping the infrastructure conglomerate from expanding its businesses, with MPIC almost doubling its capital spending budget to P79 billion this year

Metro Pacific sustains double-digit income growth despite tariff issues

Metro Pacific's French partner backs out from regional airports PPP

Mar 01, 2017 - 6:05 PM

With Aeroports de Paris backing out, Metro Pacific says it will first look for a new foreign partner then evaluate its participation in the regional airport deals

Metro Pacific's French partner backs out from regional airports PPP

Alibaba unit invests $200M in South Korea's Kakao Pay

Feb 21, 2017 - 1:40 PM

The investment is part of a larger strategic partnership to connect Ant Financial's 450 million users worldwide with Kakao Pay

Alibaba unit invests $200M in South Korea's Kakao Pay

Jack Ma's Ant Financial invests in Globe's Mynt

Feb 18, 2017 - 9:04 PM

The deal represents the Alibaba group's first investment in the Philippines and gives Mynt access to the digital payment giant's technology to improve its GCash service

Jack Ma's Ant Financial invests in Globe's Mynt

PH starts off 2017 with hot money net inflows of $301M

Feb 16, 2017 - 5:35 PM

This is a major reversal from the $315 million in outflows recorded in December 2016

PH starts off 2017 with hot money net inflows of $301M

Senators convinced 'best' location achieved for MRT-LRT common station

Feb 13, 2017 - 7:00 PM

But the Senate committee wants someone 'to be held liable' for the P200-million naming rights contract of SM Prime, which caused the almost 8-year delay of the project

Senators convinced 'best' location achieved for MRT-LRT common station

Maynilad pours P13B into water services expansion, infrastructure

Feb 07, 2017 - 5:10 PM

The water company expects to generate around 40,549 jobs from its capital spending budget program this year, despite delays in the implementation of its arbitral award

Maynilad pours P13B into water services expansion, infrastructure

LOOK: The newly-renovated LRT1 Doroteo Jose Station

Feb 06, 2017 - 7:14 PM

Light Rail Manila's directive is to rehabilitate the 20 stations and train cars of LRT1 in 18 months and extend the line from Baclaran to Bacoor, Cavite

LOOK: The newly-renovated LRT1 Doroteo Jose Station

LRT1 operator to start Cavite extension in late February

Feb 06, 2017 - 4:05 PM

LRMC, the operator of LRT1, takes on French companies Bouygues Travaux Publics and Alstom Transport Private Limited to help build the LRT1 Cavite extension

LRT1 operator to start Cavite extension in late February

MPIC taking over Delgado hospital in Quezon City

Feb 01, 2017 - 7:09 PM

To date, Metro Pacific has poured in more than P12 billion of capital expenditures into the hospital industry, with approximately 2,700 beds throughout the country

MPIC taking over Delgado hospital in Quezon City

Still among Asia's fastest, PH grows 6.8% in 2016

Jan 26, 2017 - 10:07 AM

(UPDATED) The result puts the country's economic growth ahead of China's full-year growth of 6.7% as well as Vietnam's 6.2%

Still among Asia's fastest, PH grows 6.8% in 2016

China to curb foreign investment by state-owned firms

Jan 19, 2017 - 1:28 PM

The notice by the State-Owned Assets Supervision and Administration Commission gave no details on what sectors would be singled out, nor any timing

China to curb foreign investment by state-owned firms

Metro Pacific to spend around P60 billion in 2017

Jan 18, 2017 - 7:00 PM

The P60-billion programmed spending does not include acquisitions and new projects that Metro Pacific may acquire through bidding

Metro Pacific to spend around P60 billion in 2017

Duterte hosts intimate dinner for top businessmen

Jan 18, 2017 - 4:40 PM

The 3-hour dinner is organized by former president and now Deputy Speaker Gloria Macapagal-Arroyo and Presidential Consultant for Entrepreneurship Joey Concepcion

Duterte hosts intimate dinner for top businessmen

Trump touts new Wal-Mart, GM, and Bayer-Monsanto investments

Jan 18, 2017 - 4:15 PM

The companies unveil plans for job creations, new stores, research, and assembly plants, as US President-elect Donald Trump prepares to take office

Trump touts new Wal-Mart, GM, and Bayer-Monsanto investments