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PSEi reels from revived US-China trade jitters

SHARES stumbled on Tuesday as Beijing’s cancellation of trade talks with Washington triggered jitters across markets worldwide.

Melco bourse exit ‘unfair’ to shareholders, say analysts

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 considers options as Ompong hits materials supplier

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.

Marriott opens 2nd PHL hotel in Clark Freeport

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.

Shares extend climb as US-China tensions cool

SHARES climbed on Monday, continuing to bounce back from oversold conditions last week.

Century Properties sets next phase of P2.8-B Lipa project

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 sees need for more premium rooms in prime site,...

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, Mitsubishi to spend P28B for affordable housing foray

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.

SEC warns public vs Dreamconnect

THE Securities and Exchange Commission (SEC) has advised the public against investing in Dreamconnect International Corp., saying it has no authority to solicit investments.

Asiabest readies public float plan in Tiger Asia takeover

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).

San Miguel units complete share-swap deal

SAN MIGUEL Food and Beverage, Inc. (SMFB) has completed the share-swap transaction consolidating the traditional units of parent San Miguel Corp. (SMC) under its portfolio.

PHL stocks sink further into bear market territory

THE MAIN INDEX sank deeper into bear territory on Thursday, as investors favored international markets versus placing their investments in the country.

Okada asks bourse to step in as Tiger Asia readies ABG...

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).

Cal-Comp Technology says expansion still on despite deferred IPO

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).

Cebu Landmasters uses up IPO proceeds

CEBU Landmasters, Inc. (CLI) reported that it had fully used up the P2.15 billion raised after the company’s initial public offering (IPO) last year, bringing its land bank of properties to almost a million square meters.

Infracorp plans monorail project linking Eastwood City to MRT-3

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.

Tan’s Alliance Global earmarks P240B for projects until 2020

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.

Clark now only second to Metro Manila in office space demand,...

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).

Shares slump as Ompong triggers inflation fears

LOCAL EQUITIES plunged on Tuesday on fears of more inflationary pressures following the onslaught of typhoon Ompong last weekend.

Tanduay overtakes Bacardi as world’s best-selling rum brand

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.