ABS-CBN in talks with creditors on debt; shares fall 30%
Philippine broadcaster ABS-CBN Corp. said it’s in talks with creditors on its long-term debt, saying its financial obligations are manageable even after Congress rejected...
Holcim stays under global group
HOLCIM Philippines, Inc. is set to remain part of the global group of Switzerland-based LafargeHolcim Ltd. after the failure of its $2.15-billion sale to San Miguel Corp. (SMC).
MPIC plans specialized hospitals
THE hospital unit of Metro Pacific Investments Corp. (MPIC) is planning to put up specialized hospitals in the country starting with one for children, its top official said.
ABS-CBN shuts down theme park business KidZania
ABS-CBN CORP. announced on Wednesday that its theme park business, KidZania Manila, will permanently close starting Aug. 31.
Ayala Land sets REIT offer price at P27 each
AYALA LAND, INC. (ALI) has finalized the offer price for its maiden real estate investment trust (REIT) offering at P27 per share.
PhilRealty cancels share sale deals with affiliate
LISTED Philippine Realty and Holdings Corp. (PhilRealty) is no longer pursuing transactions involving its affiliate Meridian Assurance Corp. (MAC) after the latter shifted business strategies to focus on real estate.
Megaworld mandates banks to arrange dollar bond sale
MEGAWORLD CORP. has started planning for a dollar-denominated bond offering through the appointment of banks to arrange investor calls.
Tech firm Appscape launches location-based job app
A TECH COMPANY is launching a location-based job recruitment app aiming to back 500 companies’ employment efforts this year.
SMIC lists P5.6-billion bonds
SM INVESTMENTS CORP. (SMIC) has issued and listed P5.6-billion bonds at the Philippine Dealing and Exchange Corp. (PDEx) on Wednesday.
How PSEi member stocks performed — July 22, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, July 22, 2020.
Pandemic forces GMA Network to defer 30% of year’s spending
GMA Network, Inc. will defer 30% or around P376 million of its capital expenditure (capex) budget for this year due to the ongoing coronavirus disease 2019 (COVID-19) pandemic, its top official said.
Eagle Cement sets aside P1.5B for new Bulacan mill
RAMON S. ANG’s Eagle Cement Corp. has earmarked P1.5 billion for the construction of its new cement mill in its Bulacan manufacturing plant.