investments
ARTICLE FINDER

After 2GO, SM group not looking to buy other logistics firms

Sep 20, 2017 - 7:45 PM

The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector

PLATE IS FULL. 'No. At this time, we are fairly new in 2GO. We believe there is a lot of growth opportunities in 2GO,' SMIC chief Frederic DyBuncio replies when asked if SM is interested in other logistics firms. Photo by Rob Reyes/Rappler

After a decade, construction of MRT-LRT Common Station to begin in September

Sep 19, 2017 - 9:10 PM

The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.

PIFA holds mutual funds conference this month

Sep 19, 2017 - 11:12 AM

The Philippine Investment Funds Association is optimistic about the Philippine GDP's growth momentum for 2017. Learn how to tap into this by attending the Mutual Funds Conference on September 23

Pangilinan-Ayala group poised to bag MRT3 original proponent status

Sep 18, 2017 - 7:00 PM

Other private groups will be able to submit competing offers under a Swiss challenge, while the original proponent, the Pangilinan-Ayala group, would be given the right to match them

HURDLES. Once the Pangilinan-Ayala group is given the original proponent status and hurdled the Swiss challenge, it expects to take over the operations, maintenance, and rehabilitation of MRT3 by early 2018. Photo by Martin San Diego/Rappler

PH to add more sectors allowing 100% foreign ownership

Sep 14, 2017 - 10:15 PM

I want to be more aggressive and to be at par with other ASEAN countries says Socioeconomic Planning Secretary Ernesto Pernia

MORE AGGRESSIVE. 'I want a more aggressive liberalization. The draft list is too puny in terms of changes. I want to be more aggressive and to be at par with other ASEAN countries,' Socioeconomic Planning Secretary Ernesto Pernia says. File photo

August net outflows hit $58M as ghost month begins

Sep 14, 2017 - 8:40 PM

Tensions between the US and North Korea mixed Q2 corporate results and political developments also contribute to investor hesitancy according to the Bangko Sentral ng Pilipinas

SM Prime to open mall in Puerto Princesa, Palawan

Sep 13, 2017 - 4:50 PM

Once the mall opens on Friday September 15 it will be competing with Robinsons Place Palawan Chinatown Center Palawan NCCC Mall and LRC 908 Market Mall

ITS FIRST. SM City Puerto Princesa will have 3 levels of retail and dining floors, a supermarket, 3 158-seater SM digital cinemas, and two 48-seater Director's Club cinemas. File photo Rappler

DBP open to unload MRT3 interests

Sep 12, 2017 - 3:15 PM

A new owner and operator for Metro Rail Transit Line 3 MRT3 is in the books of the Philippine government This is to give the railway proper upgrade and maintenance

COMMUTERS' ORDEAL. During rush hour, MRT3 passengers endure long lines and jampacked trains. Rappler file photo

Mindanao construction boom to pull migrants back from Manila

Sep 05, 2017 - 9:38 PM

There is a shortage of manpower given the demands of the growing number of construction and development projects on the island

Pangilinan-Ayala group eyes MRT3 takeover by early 2018

Aug 31, 2017 - 8:25 PM

The group hopes to operate maintain and rehabilitate the Metro Rail Transit Line 3 for 32 years Will its unsolicited proposal be approved?

NEW OPERATOR SOON? MRT3 is currently being maintained by Korean-Filipino firm Busan Universal Rail Incorporated (BURI), while the system's rail replacement is being handled by the government. MRT Corporation owns the system. Photo from the Metrostar Express website

PSE buys IHAP's stake in PDS Holdings

Aug 29, 2017 - 4:37 PM

The acquisition is part of the planned unification of equities and fixed income exchange

PDS MERGER. Under the share purchase agreement, PSE will buy IHAP’s 0.5831% interest in PDS Holdings. This will boost PSE's stake in the operator of the country's fixed income exchange to 53.36%. File photo

SM wants to buy into Goldilocks

Aug 29, 2017 - 1:40 PM

The conglomerate of Henry Sy Sr the country s richest man is in preliminary talks with Goldilocks the country s largest bakeshop chain for a potential investment

NEW PROSPECT. The country's largest mall developer plans to acquire shares in Goldilocks Bakeshop. Photo from Wikipedia commons

A mother overcomes struggles with the help of insurance

Aug 24, 2017 - 2:13 PM

Motivated by her kids Charlene did everything she could to keep them in school after her husband passed away

Manny Pangilinan's group mulls buying out MRT3 owners

Aug 23, 2017 - 3:10 PM

Metro Pacific has an option to acquire a 48 stake in MRTC after signing cooperation agreements with various groups that hold rights and interests The conglomerate has yet to exercise this option

BUYOUT? 'The tentative cost of rehabilitating the system is about P12.5 billion, but there’ll be further cash out to take out certain of the shareholders of MRT, including the government,' Manny Pangilinan of Metro Pacific says. Photo by Martin San Diego/Rappler

Megacore buys 14.67% stake in Megawide for P5.68B

Aug 16, 2017 - 7:20 PM

This comes a day after Megawide announced it has bagged a P14 billion construction deal from mass housing developer 8990 Holdings

VOTE OF CONFIDENCE. Post-transaction, Saavedra, through Megacore and Citicore Holdings combined, will effectively own 40.17% of Megawide. In the photo are the top executives of Megawide. Photo from Megawide Construction

Metro Pacific starts NLEX Harbor Link's R10 section

Aug 15, 2017 - 4:55 PM

The infrastructure conglomerate of Manuel Pangilinan expects to finish construction of the 2 6 kilometer expressway extension in the 1st quarter of 2018

ALMOST DONE. The R-10 Section serves as an extension to the NLEX Harbor Link deal, a 15.57-km expressway from Mindanao Avenue, Quezon City to the C-3 (Circumferential Road 3) in Caloocan City. File photo by Chrisee Dela Paz/Rappler

Ayala to join Metro Pacific in MRT3 rehab proposal

Aug 11, 2017 - 5:15 PM

The two conglomerates are also partners in the operations maintenance and upgrade of LRT1

SM Investments earns over P16 billion in just 6 months

Aug 09, 2017 - 4:55 PM

Even without the benefits of an election year the Philippines biggest conglomerate sustains growth across its core businesses

Mall operations continue to drive SM Prime's net income

Aug 07, 2017 - 5:45 PM

The additional 1 1 million square meters of retail space from new malls as well as expansions between 2015 and 2017 drive growth in SM Prime s mall rentals

Lopezes to sell minority stake in EDC to consortium for up to P14B

Aug 03, 2017 - 8:10 PM

GIC and Macquarie are looking to acquire First Gen s 10 6 stake and public investors 36 5 stake in EDC which may eventually be delisted

How can you prepare for your children’s future?

Aug 02, 2017 - 6:02 PM

Watch Judy Ann Santos and her friends react to Sun Life s short film about parenting and discuss ways they secure their children’s future

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy s Phoenix Petroleum increased about 92 from July last year while Ongpin associated Philweb s stock price fell 46 3

FIREBRAND. Though President Rodrigo Duterte has for the most part left businessmen on their own, his tirades against select businessmen have brought about  tremors at the Philippine Stock Exchange.

How millennials can secure their future

Jul 21, 2017 - 9:47 AM

It’s never too early to start thinking ahead

#UsapangPera with Vince Rapisura: Invest in yourself!

Jul 17, 2017 - 5:48 PM

What s the best way to invest your money? Wealth management consultant Vince Rapisura discusses this in today s episode

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

INTERESTED. 'Yes, we will take a look at it,' MPIC chairman Manuel Pangilinan replies when asked if it will bid for Clark airport upgrade. Background photo from Wikicommons

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

ACCOUNTING SCANDAL. 2GO last week restated its 2015 and 2016 financial statements, after a special audit requested by the firm's new management. Rappler file photo

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

AUDITING FINANCIALS. Data from the Philippine Stock Exchange shows top 5 external auditing firms are SGV; Punongbayan & Araullo; KPMG; Reyes, Tacandong & Company; as well as Isla Lipana & Company. PSE file photo

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

First Metro, UA&P lower Philippine GDP forecast due to slow spending

Jul 05, 2017 - 8:05 PM

Economists express concern over infrastructure projects warning that changing modes of implementation midway would lead to delays and slower growth

FORECAST. First Metro and UA&P have trimmed their Philippine economic growth forecast for 2017

Duterte EO streamlines processes for big energy projects

Jul 05, 2017 - 11:22 AM

Executive Order No 30 requires agencies to act on energy project applications within 30 days

Tech incubator founder resigns after admitting 'creep' behavior

Jul 04, 2017 - 3:52 PM

I m a creep I m sorry blogs Dave McClure admitting having engaged in inappropriate behavior towards women

RESIGNATION. Dave McClure relinquishes his CEO and General Partner positions at 500 startups. Image from Facebook

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

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

$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

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

RAISE. The SEC proposed to double the minimum public float level to 20% by July 1, 2017.

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

FINANCIALLY SATISFYING. 'The divestment of our Beacon investment will help the PLDT group focus on the key priorities in its core businesses. While the investment is now viewed as no longer strategic, it has nonetheless been a very financially satisfying one,' PLDT Chairman Manuel Pangilinan says. Photo by Martin San Diego/Rappler

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

BIGGEST. Ramon Ang, president of San Miguel Corp, expects to break ground its biggest single investment to date in 6 months' time. Photo by Martin San Diego/Rappler

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

STRATEGIC ALLIANCE. Under the agreement, Global Business Power will acquire a 50% stake in Alsons Thermal Energy Corporation (ATEC) – the holding company for ACR’s baseload coal-fired power plant assets. Rappler file photo

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

Bulk of Duterte's massive infra plan to be funded via local financing

May 31, 2017 - 7:00 PM

Only about P1 3 trillion or 18 will be accounted for through public private partnership projects

HYBRID. The administration of President Rodrigo Duterte is pushing for a hybrid mode, where the government will build the infrastructure projects and later bid out the operation and maintenance to the private sector. Stock photo

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

STILL SUNNY. Manuel Pangilinan, chairman of Metro Pacific, is still keen on the Mindanao market. Photo by Martin San Diego/Rappler

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

LISTED. 8 Philippine companies were included in the Forbes' list of 2000 largest public companies in 2017.

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

PLDT sells remaining stake in SPi Global

May 22, 2017 - 4:45 PM

The transaction values SPi Global at 330 million P16 42 billion

EXITING. Private markets investment manager Partners Group will acquire SPi Global on behalf of its clients from CVC Capital Partners Asia III and PLDT Global Investments Corporation, an indirect subsidiary of PLDT. Rappler file photo

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

BIGGEST INVESTMENT. Ramon Ang says the oil refinery will mainly produce petrochemicals, with a capacity of 250,000 barrels per day Photo by Martin San Diego/Rappler

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

FINAL PITCH. This file photo shows Iranian President Hassan Rouhani giving a press conference in Tehran on Jaunary 17, 2017. AFP photo.

ADB president: We're not rivals with China's AIIB

May 04, 2017 - 3:48 PM

Asian Development Bank s Takehiko Nakao says the financing need to develop infrastructure in Asia is so huge that the two banks must cooperate

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

OPPORTUNITIES. Metro Pacific is expanding its logistics unit through acquisition and organic growth

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

MANAGEMENT SHAKE UP. Frederic DyBuncio, 57, replaces Harley Sy as the president of SMIC. All photos by Rob Reyes/Rappler

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

LIFTED BY LOGISTICS. 2GO's non-shipping revenues grows by 30% to P10.32 billion in 2016 due to increased service offerings and improved market share from its major accounts. Screenshot from 2GO website