Corporate
Maynilad locks concession extension, maps growth plan
Maynilad Water Services Inc. has secured a major regulatory boost with a revised concession agreement (RCA) from the Metropolitan Waterworks and Sewerage System (MWSS), extending its concession to January 21, 2047.
SM revamps Iloilo hub, spening P2.3B in mall makeover
SM Prime Holdings Inc., the property development arm of the Sy Group, is accelerating its push to future-proof its malls, confirming it will complete the P2.3-billion redevelopment of SM City Iloilo by the first quarter of 2026—a transformation aimed at cementing the property’s role as Western Visayas’ premier lifestyle and commercial hub.
DigiPlus bets big on offline push with HKD1.6B casino deal
DigiPlus Interactive Corp., the digital entertainment powerhouse behind BingoPlus, ArenaPlus and GameZone, is making a bold leap into the offline arena with a HKD1.6-billion (about P12 billion) deal that could hand it control of Hong Kong–listed International Entertainment Corp. (IEC) and its Manila hotel-casino complex.
MerryMart margins rise as upgrades pinch sales
MerryMart Consumer Corp., a listed retailer, reported a modest uptick in earnings for the first nine months of 2025, as stronger margins and higher operating income helped offset weaker sales tied to store and systems upgrades ahead of a planned expansion push.
Chelsea Logistics swings to profit as turnaround gains steam
Chelsea Logistics and Infrastructure Holdings Corp. has staged a full-scale financial comeback in 2025, riding on tighter cost controls and stronger demand across its shipping and logistics units. The company reversed last year’s loss, booking a P155 million net profit for the year ending September 30, 2025, as revenues climbed 15 percent to P6.876 billion.
