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Philippine Realty and Holdings Corp., a listed real estate company, has completed a tax-free exchange transaction with its wholly owned subsidiary, Three Corners Realty Corporation (TCRC), formally transferring a prime Bonifacio Global City (BGC) property in exchange for preferred shares.

Figaro Culinary Group Inc. (FCG) is carving out its fast-growing Angel’s Pizza brand into a standalone company as part of a corporate restructuring approved by its board—an overhaul aimed at sharpening operational focus and positioning the chain for expansion.

San Miguel Corp. chairman and CEO Ramon S. Ang slammed the brakes on fast-spreading rumors that he is being eyed as a political “caretaker” amid intensifying national ructions, calling the chatter pure fiction.

Walmart Inc. shares jumped Thursday after the retail giant delivered a standout third quarter, fueled by double-digit global eCommerce growth and steady US demand.

Maynilad Water Services Inc., the country’s largest water concessionaire by customer base, has expanded its wastewater footprint in southern Metro Manila with the inauguration of the 20-million-liter-per-day (MLD) Tunasan Water Reclamation Facility (WRF) in Muntinlupa City, boosting efforts to protect Laguna de Bay and improve sewerage coverage in the West Zone.