Andrew Tan’s Mreit to acquire P13.15 billion worth of properties from Megaworld
Mreit Inc., the real estate investment trust of Megaworld Corp., said it will acquire six office properties valued at P13.15 billion from its sponsor firm.
Robinsons Retail looks to expand outside of NCR
Robinsons Retail Holdings Inc., the listed retail unit of the Gokongwei group, is planning a wider footprint in places outside the National Capital Region, spearheaded by its drugstore and supermarket units.
Better margins help Pryce buck weak sales, push 1Q profit higher
Better margins from cooking gas sales, particularly in Luzon, despite the decline in prices, buoyed first-quarter net income of Mindanao-based Pryce Corp. to a 40 growth to P656.7 million.
WESM power rates surge 25 percent in April
The price of electricity at the Wholesale Electricity Spot Market (WESM) in April increased has increased, based on initial estimates made by the Independent Electricity Market Operator of the Philippines (IEMOP).
Globe uses innovative tech to cut its carbon footprint
Globe Telecom Inc. over the weekend said it deployed innovative technology to its network that cuts costs and shrinks its carbon footprint.
