Corporate

MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), has successfully concluded a deal with Actis Rubyred (Singapore) Pte. Ltd. for a 40 percent equity stake in Terra Solar Philippines, Inc. (MTerra Solar). 

Converge Information and Communications Technology Solutions Inc., the Philippines’ leading pure-play high-speed fixed broadband operator, saw net profit last year rise 19 percent to P10.8 billion, a net income margin of 26.6 percent. 

Ayala Corporation, one of the country's oldest and most respected conglomerates, has taken a significant step toward ensuring its continued growth and evolution by promoting four next-generation leaders, predominantly from the Zobel family.

Anko, Australia’s home and lifestyle retailer, is poised for significant expansion in the Philippines with the opening of its third and largest store at Ayala’s Trinoma shopping mall in Quezon City, scheduled for July.

SM Investments Corp. and its property development arm SM Prime Holdings Inc. are looking to the European bond market to raise funds to bankroll continued expansion and sustain growth.