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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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PLDT is betting investors are ready to buy into one of the country’s fastest-growing infrastructure segments, filing plans for a VITRO REIT offering that could raise as much as P24.2 billion.
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Located on a 5,384-square-meter property along Eco West Drive in Davao City, the hotel is positioned about a one-minute walk from SM City Ecoland Davao. The development will offer an all-day dining HBNB Kitchen operated by a concessionaire, a fitness gym, full-size swimming pool, function and conference rooms, and a helipad.
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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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ABS-CBN Corp. said the Securities and Exchange Commission has served summonses on the company, a subsidiary and several top executives in connection with a complaint filed by director Federico “Piki” Lopez alleging corporate and securities law violations.
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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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