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SHAREHOLDERS of Melco Resorts and Entertainment (Philippines) Corp. (MRP) stand to lose from the company’s proposed exit from the Philippine Stock Exchange (PSE), as analysts claim that its low tender offer price — just around half its initial share sale price in 2013 — is unfair.
CEMEX Holdings Philippines, Inc. (CHP) is looking at alternative means to cushion the impact of the suspension of operations for one of its subsidiaries’ raw material suppliers, following the landslides triggered by typhoon Ompong last week.
CLARK FREEPORT, PAMPANGA -- The hospitality sector is catching up with the number of investments coming in to Clark, as the public saw the opening of not only the first five-star hotel in Clark Freeport Zone, but also the first to carry an international brand this month.
CENTURY Properties Group, Inc. (CPG) plans to launch the second phase of its P2.8-billion housing project in Lipa, Batangas ahead of schedule, following the brisk take-up of the first set of units in the affordable development.
Hilton Manila looks to open its doors to the public in October, banking on its prime location near the country’s premier gateway to capture both corporate guests and the staycation market.
CENTURY Properties Group, Inc. (CPG) will be spending P28 billion alongside Japanese partner Mitsubishi Corp. for the rollout of 15 masterplanned communities catered toward the affordable housing market through their newly-incorporated firm.
ASIABEST Group International, Inc. (ABG) has submitted a compliance plan to ensure that its public float will stay within the minimum requirement after the proposed takeover of Tiger Resort Asia Limited (Tiger Asia).
THE MAIN INDEX sank deeper into bear territory on Thursday, as investors favored international markets versus placing their investments in the country.
JAPANESE gaming tycoon Kazuo Okada is asking for the Philippine Stock Exchange’s (PSE) intervention in the pending takeover by Tiger Resort Asia Ltd. (Tiger Asia) of listed firm Asiabest Group International, Inc. (ABG).
THE local unit of Taiwan’s New Kinpo Group said it remains on track with its expansion plans in the Philippines despite the postponement of its P6.77-billion initial public offering (IPO).
INFRACORP Development, Inc. looks to propose a monorail project connecting the Metro Rail Transit Line 3 (MRT-3) to Eastwood City, in a bid to ease traffic congestion and increase connectivity for commuters in the area.
ALLIANCE Global Group, Inc. (AGI) is ramping up its investments to P240 billion until 2020, pushing the expansion of its property, liquor, gaming, and quick- serviced restaurant businesses in the next three years.
THE Clark area has become the top choice for office space outside Metro Manila this year, as more developers build there to take advantage of the region’s projected growth, according to Leechiu Property Consultants (LPC).
SALES of Tanduay rum in Visayas and Mindanao fueled Tanduay Distillers, Inc. (TDI)’s performance in 2017, allowing it to overtake international brand Bacardi in a world ranking of top-selling rum brands by think tank Drinks International.