Corporate
SM Hotels turn used linens into eco-friendly products
SM Hotels and Convention Centers, part of SM Prime Holdings Inc., on Thursday announced the recycling of more than 10,000 yards of used hotel linens through its sustainability initiative launched in 2024. The volume, equivalent to fabric for over 500 hotel rooms, demonstrates the environmental and social benefits of circular design.
Megaworld reinvests P2.21B in MREIT projects
Megaworld Corp., the property arm of billionaire Andrew Tan, announced it will reinvest P2.21 billion into township development projects under its real estate investment trust (REIT) vehicle, MREIT Inc. The move follows the sale of 168.6 million MREIT common shares, averaging P13.28 per share, which generated the reinvestment proceeds.
Megawide launches P2B share buyback program
Megawide Corp. has joined the growing list of Philippine listed firms initiating share buyback programs, announcing a P2 billion plan to repurchase its common shares on the open market.
GSIS Chief Veloso, 4 Execs Return to Warm Welcome After Suspension Lifted
GSIS president and general manager Wick Veloso and four other executives received an emotional welcome from employees during the agency’s flag-raising ceremony on September 23, following the lifting of their 60-day preventive suspension by the Office of the Ombudsman.
SMC alerts public on scams using CEO Ramon Ang’s name
San Miguel Corp. (SMC) has renewed warnings about fraudulent schemes exploiting the name and likeness of its chairman and CEO, Ramon S. Ang, for profit. Scammers are circulating deepfake videos on social media platforms like TikTok, Facebook, and Instagram, digitally altering Ang’s image and voice to deceive people into clicking malicious links and transferring money.
