Corporate

Idea Ventures Inc., the venture capital arm of the MVP Group, on Tuesday announced investments in five innovative startups. The investments mark a pivotal moment for the firm committed to bolstering local entrepreneurship despite recent economic challenges.

Filinvest Land Inc. on Tuesday opened its second shopping mall in Dumaguete positioned as the city’s premier destination for everyday convenience and for special occasions.

DITO CME Holdings Corp., the telecommunications branch of Davao-based entrepreneur Dennis Uy, on Monday announced deferring its capital-raising initiative in response to requests from potential investors. The company also acknowledged waiting for better market conditions.

Cebu Air Inc., the airline unit of the Gokongwei Group that operates budget carrier Cebu Pacific, said it has signed a deal with ALI Capital Corp. to acquire AirSwift Transport Inc. for P1.75 billion in cash.

Megaworld Corp., the listed property development arm of tycoon Andrew Tan, said Monday its board approved the appointment of Kevin Andrew Tan as board member and executive director of the company.