By Denise A. Valdez, Reporter THE ANTICIPATED P83.3-billion initial public offering (IPO) of Metro Pacific Investments Corp. (MPIC)’s hospital unit — which was supposed to be the biggest listing in the Philippine Stock Exchange to date — is delayed indefinitely from its earlier fourth-quarter schedule as the company welcomed an investor that poured P35.3 billion into...
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By James Loyola Housing and resorts developer 8990 Holdings Inc. announced the passing of its President and Chief Executive Officer Willibaldo J. Uy. In a disclosure to the Philippine Stock Exchange, 8990 said the company deeply mourns the passing of Uy and “will continue to remember and appreciate his achievements for, and contributions to, the company.” A veteran of the Phil...
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Few things feel as exciting as momentarily leaving the daily grind and packing up for a well-deserved vacation. That holiday bliss is what national developer Primeworld Land Holdings Inc. sought to capture in its flagship residential development in Mactan, Cebu. Primeworld District is a 4.5-hectare resort-style residential development with a mix of condominium towers and standalone villas, all...
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MANILA, Philippines — As property demands are highest in the central business districts, potential buyers—especially those who are after luxury—have started looking in areas a bit removed from the influx, but still highly accessible to these business centers. Shang Residences at Wack Wack in Mandaluyong City has been one of the favorite picks with over P5 billion in sal...
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MANILA, Philippines — Damosa Land Inc.’s (DLI) premier agro-industrial hub Anflo Industrial Estate Corp. (AIEC) eyes more investments as large international contingents flock to Davao City. Well-known foreign manufacturers have chosen to expand their Philippine operations in AIEC’s 63-hectare Philippine Economic Zone Authority-approved ecozone. “After seeing what indu...
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Should a new crisis erupt on world markets, non-US banks will struggle to cover their debts, which have increased since the global financial crisis, the International Monetary Fund (IMF) warned Friday. And despite efforts to shore up the US banking system – in some cases because of those reforms – the surge in liabilities denominated in US dollars could make the banks’ home ec...
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