Corporate
VICT secures long-term enterprise agreement with Aussie unions
Victoria International Container Terminal (VICT), the Australian subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a comprehensive enterprise agreement with local unions, securing labor conditions across its operations until March 2029.
Sinar Mas and First Gen form strategic geothermal alliance
PT DSSR Daya Mas Sakti (DSSR), a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) under Indonesia’s Sinar Mas Group, has entered into a joint venture agreement with PT FirstGen Geothermal Indonesia, a subsidiary of the Philippines-based Energy Development Corporation (EDC), part of First Gen Corporation.
Cityland, LAND merger approved to form P3.8B firm
Cityland Development Corp. (CDC) said Tuesday that its board has approved a proposed merger with its subsidiary, City & Land Developers Inc. (LAND), with CDC as the surviving entity, subject to shareholder and regulatory approvals.
LBC Express announces major leadership changes
LBC Express Holdings Inc., a listed money remittance and delivery and logistics services company, announced a major executive transition, with long-time chairman, president, and chief executive officer Miguel Angel A. Camahort set to retire effective October 1.
San Miguel finalizes long-delayed Meralco deal
San Miguel Corp., one of the country’s largest conglomerates, has completed a long-delayed transaction to acquire 1.03 million shares of Manila Electric Co. from the Land Bank of the Philippines.
