Corporate
Megaworld raises stake on office future
Property giant Megaworld Corp. is expanding its office platform with the launch of a new leasing group, a move aimed at reinforcing its position as the Philippines’ largest office developer while advancing its goal of building a 2-million-square-meter leasable office portfolio.
Visa, GCash launch cross-border wallet funding for Filipinos
Visa has partnered with GCash and makes it easier and safer to send money from abroad directly to GCash wallets in the Philippines. Through Visa Direct, individuals and businesses worldwide can now transfer funds straight to GCash, benefiting more than 90 million users with faster and more convenient access to overseas money.
Coal Asia ditches mining, bets big on water
Coal Asia Holdings Inc. is abandoning its coal roots and reinventing itself as a water utilities holding firm in a sweeping corporate reset that has triggered backdoor listing scrutiny from the Philippine Stock Exchange (PSE).
Cebu Landmasters gets PCC approval for Japanese investor
Cebu Landmasters Inc. (CLI) said it has secured approval from the Philippine Competition Commission for the entry of Japanese firm NTT UD Asia Pte. Ltd. as a partner in its Luzon expansion. The deal allows NTT UD Asia to acquire 40 percent of the voting shares of CLI Luzon Ventures Inc., the unit formed to lead the company’s developments in Luzon.
Green packaging gets e-commerce reality check
Sustainability is no longer a niche concern in the packaging industry—it is a commercial imperative colliding head-on with the explosive growth of e-commerce.
