MREIT Inc. said Friday its sponsor, Megaworld Corp., the property development venture of tycoon Andrew Tan, raised P500 million from the sale of shares equivalent to a 1.5 percent stake of the listed real estate investment trust.
The Energy Regulatory Commission (ERC) is determining if penalties are warranted of power companies that remain on outage, consequently thinning power reserves in both the Luzon and the Visayas grids for the third day in series.
The Philippine Amusement and Gaming Corp. On Thursday welcomed its new president and chief operating officer, lawyer Wilma Eisma, who took her oath of office before Executive Secretary Lucas Bersamin in Malacanang.
G-Xchange Inc., which owns GCash, on Thursday claimed nearly half a million users of its GStocks as it ramped up the reach of its stock investment platform.
Converge ICT Solutions Inc. on Thursday said it completed fiber-powering the country’s main gateway, the Ninoy Aquino International Airport (NAIA), as it deploys free public wifi at NAIA Terminals 1 and 2.
The initial public offering of Mynt Inc., the company behind leading digital wallet GCash, has drawn overwhelming demand from investors, with many brokers reporting subscriptions far exceeding the shares available.
The Securities and Exchange Commission (SEC) has ordered the unauthorized Facebook page "Cash-Express Payday Loan" to cease operations immediately. The page is illegally copying the name and branding of legitimate firm Cash-Express Philippines Financing Inc., which has confirmed it has no link or affiliation with the account whatsoever.
Treasury bill yields climbed across the board at Monday’s auction as investors appeared to demand higher returns amid surging inflation and uncertainty over the next move by the Bangko Sentral ng Pilipinas.
The Energy Regulatory Commission (ERC) has directed Manila Electric Company (Meralco) to return a net total of P2.64 billion to its customers, to be spread over roughly six months rather than the full year the company originally proposed, with the rebate likely showing up at the next billing cycle.