Megaworld sold 250 prime lots in Cavite in more than a...

MEGAWORLD Corp., the property-development arm of businessman Andrew Tan, said it has sold over 250 commercial prime lots in Maple Grove Commercial District in...

8990 launches P2-B mid-rise condo complex in the Visayas

MASS-housing builder 8990 Holdings Inc. said it launched its second mid-rise condominium development in Barangay Tisa, Cebu City, which has a total value of...

2020 opening depends on Ikea–Swedish envoy

SWEDISH furniture company Ikea was planning to announce the targeted opening date in the Philippines within the year, Ikea Sustainability and Communication Director Lars...

Nestlé debuts natural ruby chocolate in KitKat-crazed Japan

NESTLÉ SA will sweeten Japan’s Valentine’s Day with ruby chocolate KitKats, choosing one of the world’s most candy-obsessed markets for the debut of the...

Asian shares up after Wall Street rally; eyes on China

SHARES were broadly higher in Asia on Thursday after a rally on Wall Street that took the Dow Jones industrial average to its first...

Pure Foods’s shareholders OK formation of F&B powerhouse

SHAREHOLDERS of San Miguel Pure Foods Co. Inc. on Thursday approved the consolidation of the beer and liquor businesses of the conglomerate into one...

SEC approves PSE move to slash broker ownership

THE Securities and Exchange Commission (SEC) on Thursday has approved the Philippine Stock Exchange Inc.’s (PSE) stock-rights offer, a move meant to bring down...

Metro Pacific to buy local logistics firms

CONGLOMERATE Metro Pacific Investments Corp. may acquire as much as three local logistics companies this year, as it seeks to expand its footprint in...

PHL stock market seen riding on Asia’s bull run

THE Philippine stock market is set to benefit from the region’s projected equity market outperformance, as Asia paints a rosy picture for investments in...

Ayala waives fees from Taguig ITX

CONGLOMERATE Ayala Corp. has agreed for forgo the annual grantor payment that it previously sought for the construction, operation and maintenance of the Taguig...

Purchase of Tata stocks pushes PSE ownership of PDS Holdings to...

THE Philippine Stock Exchange Inc. (PSE) on Wednesday said it now owns 69.03 percent of PDS Holdings Inc. after the equites market operator was...

Metrobank to issue P81B in rights offer

THE board of lender Metropolitan Bank and Trust Co. (Metrobank) has approved its stock-rights offering at the Philippine Stock Exchange to raise more funds....

MVP waiting for foreign cash infusion to Voyager

THE overseas expansion plan of Voyager Innovations Inc. is anchored on the entry of its foreign partner—or partners—here in the Philippines, Chairman Manuel V....

Asahi Glass turns over plant to new owner

ASAHI Glass Co. Ltd. (AGC) turned over on Wednesday its manufacturing plant in the Philippines to TQMP Glass Manufacturing Corp., following the latter’s acquisition of all...

Japan Tobacco CEO signals Imperial Brands deal isn’t likely

JAPAN Tobacco Inc.’s new chief executive favors pursuing deals in Southeast Asia and markets where it lacks a presence rather than a more complex...

Metro Pacific studies Myanmar potentials

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) is studying investment opportunities in the toll-roads sector in Myanmar, Chairman Manuel V. Pangilinan said on Monday, even...

Asian stocks advance as investors look ahead to US corporate earnings

BEIJING—Asian stock markets were mostly higher on Tuesday following a holiday for US markets, as investors look ahead to American corporate earnings. The Shanghai Composite...

These five shocks could thwart 2-year emerging-market rally

PLENTY of things could upend the two-year rally in emerging-market equities. Yet, no one seems to agree on just what they are. Of course, the...

What traders watch during earnings season in Europe

2017 was the year that breathed life into European corporate profits. Now, investors and analysts are asking: Can the momentum continue? The answer will set...

New York-based Wolfgang’s Steakhouse expands in PHL

DESPITE projections by many analysts of a weaker peso this year, Wolfgang’s Steakhouse will keep the prices of its steaks the same. This was revealed...