Corporate
VistaREIT spent P1.9B of IPO proceeds for various real estate projects
VistaREIT, Inc. (VREIT), the commercial real estate investment trust of integrated property developer Vista Land & Lifescapes, Inc., already spent around P1.9 billion of the proceeds from its initial public offer of shares in June.
Manila Water pouring P37.3B in a three-river wastewater treatment masterplan
Manila Water Co. Inc. is investing P37.3-billion in a three-river system wastewater masterplan designed to rehabilitate and protect natural waterways while providing its customers with the best sanitation and sewerage services.
Money-making fraudsters make it to SEC notorious list
In a series of public advisories, the SEC warned against investing in Flipkart Platform, PPG Investment Group/Conamor Shop, Livewell Multiventures, Blackrock and Perfx Solutions Corp. and Trading Basket and Trading Philippines.
Cebu Pacific plans P42B capex in 2023, eyes return to profitability
Cebu Air Inc., which owns the country’s largest budget carrier Cebu Pacific, told the Philippine Stock Exchange on Thursday it has budgeted P42 billion as capital expenditures this year, most of which will fund aircraft purchases.
Chemphil to be renamed Uniholdings, plans follow-on offer
Chemical Industries of the Philippines (Chemphil) said Thursday its board approved the plan to change its name to Uniholdings Inc.
