Corporate

Hotel101 Global, the hotel development unit of listed DoubleDragon Corp., said it entered the Saudi Arabian market through a landmark joint venture with Horizon Group that aims to develop of 10,000 standardized hotel rooms valued at approximately USD2.5 billion.

Listed mining firm Global Ferronickel Holdings Inc. (FNI) announced the renewal of its Mineral Production Sharing Agreement (MPSA) for the Ipilan Nickel Project in Brooke’s Point, Palawan, a key development supporting the company’s expansion and long-term diversification goals.

SM Prime Holdings Inc. will inaugurate SM City Laoag on May 30, marking its 88th shopping mall in the Philippines and its first in Ilocos Norte. The new mall underscores the company’s strategy to deepen its presence in emerging regional growth centers.

The Ayala Group, through AC Mobility and property arm Ayala Land Inc., is undertaking an ambitious nationwide expansion of the electric vehicle (EV) charging infrastructure, targeting 700 stations by the end of 2025, up from just 90 today. The move, announced Tuesday, marks a bold push into clean energy infrastructure with clear commercial and corporate significance.

Converge ICT Solutions has unveiled its new Converge Netflix Bundle, combining high-speed internet, premium streaming access, and smart entertainment hardware into a single subscription plan. The integrated offer aims to capitalize on the rising demand for seamless on-demand entertainment and connectivity in Philippine households.