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The Villar empire is now in survival mode, with the next phase likely defined by what it keeps, what it sells and how far the restructuring goes.
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The company said rivers covered by its Better Rivers PH initiative continued to carry large volumes of stormwater without major overflows in most locations, even as intense rainfall battered parts of Luzon. The main exception occurred along portions of the San Juan River on Aug. 17, when exceptionally heavy rainfall pushed water levels beyond critical levels.
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Taipan John Gokongwei Jr. saw the beginnings of Bridgetowne Destination Estate, but not the sprawling district it would become. Years later, his name now runs through its heart, carrying his legacy into the development’s next chapter.
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The monument now stands in an open area directly in front of the repositioned “Ninoy Aquino International Airport” lettering on the terminal facade, visually bringing together the airport’s name and the historical figure it commemorates.
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Sy, Consunji-backed Dominion Holdings Inc. is seeking a P30-billion capital base as it takes its biggest step yet toward becoming one of the Philippines’ largest mining companies.
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ABS-CBN Corp. shareholders elected former president and CEO Charo Santos-Concio back to the board on Wednesday, while keeping its core leadership intact as it prepares for a multibillion capital injection to bankroll its recovery.
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Tycoon Manuel V. Pangilinan-led PLDT Inc. is considering pushing back VITRO REIT’s planned Oct. 12 debut to later in the fourth quarter, which will give the P24.2-billion deal more time to secure commitments from big investors.
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Former energy secretary Jose Rene Gregory D. Almendras withdrew his nomination to the First Philippine Holdings Corp. board, expressing gratitude to the minority shareholders who backed him while saying others were equally capable of representing their interests.
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San Miguel Corp. grew first-half core net income by 48 percent to P54.2 billion as its power, fuel and food businesses held up against higher costs and cautious consumer spending.
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