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Tycoon Manuel V. Pangilinan-led PLDT is targeting an October listing for VITRO REIT, offering investors a stake in the country’s largest data center platform amid booming demand for cloud computing and artificial intelligence (AI).
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PhilWeb Corp. has overtaken tycoon Enrique Razon Jr.’s Bloomberry Resorts Corp. in market value following a P2 billion investment from billionaire Lance Gokongwei.
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A brewing controversy over a proposed P1-billion renovation of the club’s tennis facilities has exposed growing tensions between the club’s current officers and members who believe the project is being pushed through without adequate consultation—and possibly without the approval required for a capital expenditure of such magnitude.
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Sources said the transaction, expected to be announced on Wednesday, June 24, 2026, involves a P2-billion commitment split between a 10-percent stake in common shares and a 5-percent stake in convertible preferred shares.
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Asia Brewery, the beverage arm of Lucio Tan-backed LT Group Inc., is investing P1 billion in a yogurt plant that will reduce reliance on imports and allow wider distribution across the Philippines.
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San Miguel Corp. is bringing its river rehabilitation program to Cebu, extending a flood-control effort that has restored some of the country’s most heavily silted waterways as communities face growing flood risks.
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GCash owner Mynt has taken the first formal step toward a landmark stock market debut, filing for an initial public offering that will test investor appetite for the Philippines’ biggest fintech success story.
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ICTSI’s relentless rise has turned it into the Philippine market’s dominant stock, making a recent rumor about its future listing plans all the more surprising.
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Conglomerates San Miguel Corp. and Metro Pacific Investments Corp. are moving closer to combining their toll road businesses, a deal that would create a network carrying nearly 1.8 million vehicles a day across hundreds of kilometers of expressways in Luzon and Cebu.
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