Megaworld Corp., along with Travellers International Hotel Group, Inc. (TIHGI) and Southwoods Mall, Inc. (SMI), has signed a Memorandum of Understanding (MOU) with listed real estate investment trust MREIT, Inc. to pursue a strategic property-for-share swap.
VOYA Philippines Support Services Corp., the local unit of US-headquartered financial services firm Voya Financial, is expanding its footprint in the country’s IT-BPM sector following the formal signing of its Registration Agreement (RA) with the Philippine Economic Zone Authority (PEZA) on May 21.
The Metropolitan Cebu Water District (MCWD), together with partner Manila Water Philippine Ventures (MWPV) – Cebu, has extended water services to residents of Barangay Canamucan, Compostela, bringing clean, safe supply to around 2,000 households.
The Department of Transportation (DOTr) on Friday said the two major mass transit projects—the North-South Commuter Railway (NSCR) and Metro Manila Subway Project (MMSP)—have together provided more than 30,000 jobs for Filipinos so far. These projects form part of the Marcos administration’s “Build Better More” program, which aims to create quality work with competitive pay and benefits to address unemployment and underemployment.
Ayala Land’s Nuvali Estate has become the first commercial business district in the Philippines to secure a BERDE 5-Star Certification under BERDE Districts Version 1.0.0, after its Lakeside and East Bloc districts were recognized by the Philippine Green Building Council (PHILGBC).
Mactan-Cebu International Airport (MCIA) has received two passenger experience recognitions from Airports Council International (ACI), including a second consecutive award in the 5–15 million passenger category.
The math, more than politics, may hold the key to Vice President Sara Duterte’s political future. And the numbers could be settled within the next two weeks, when the Senate, sitting as an impeachment tribunal, decides which denominator should be used in determining the votes needed for conviction or acquittal.
ABS-CBN Corp. is seeking shareholder approval for a P4.5-billion capital increase and a two-seat board expansion, reshaping its corporate structure as two new directors are nominated to join the company’s governing body.
Shell Energy Philippines Inc. (SEPH) has entered a second 15-year power supply agreement with Greenlight Renewables Holdings Inc. via its unit San Isidro Solar Power Corp., securing an additional 120 megawatts peak (MWp) from the second phase of the San Isidro solar power project in Leyte. Announced Tuesday, the new deal follows an earlier 15-year agreement for the project’s first phase, bringing the total solar capacity SEPH will source from Greenlight Renewables to 240 MWp.