Corporate

Alliance Global Group Inc. (AGI) is looking to raise as much as P27.7 billion through a warrant sale and the eventual exercise of those warrants into common shares, as the conglomerate seeks to strengthen its balance sheet and ramp up real estate investments.

San Miguel Corp. (SMC) on Wednesday reported a 54 percent increase in core net income to P60.3 billion for the first nine months of the year, driven by improved efficiency and tight cost management across its major businesses.

Mastercard has joined the launch of Google Pay in the Philippines, allowing its cardholders to make quick, contactless payments in stores, apps, and online using Android devices.

Topline Equity Corp. has tapped Leechiu Property Consultants Inc. as the sole leasing agent for the office spaces at Bay Mall in Liloan, Northern Cebu—a strategic push to position the township as a fast-rising hub for business process outsourcing (BPO) and emerging industries.

Manila Water is expanding its footprint in Latin America with a deal to acquire a majority stake in Mexican water utility Agua de Puebla. The company’s international arm, Manila Water Asia Pacific, signed a binding term sheet to buy 74.85 percent of the firm from two shareholders, Creando Estructuras and Agua de México.