Corporate

First Philippine Holdings Corporation (FPH) has received a plaque of recognition from the Department of National Defense (DND) and the Department of Environment and...

SM Prime Holdings, Inc. has announced the interest rate of its upcoming P25 billion peso-denominated fixed-rate bonds, marking a significant move in the company's funding strategy. The bonds, which will be sold from 12 to 18 February 2025, include three series: Series Y due 2028 with a yield of 6.0282 percent, Series Z due 2031 at 6.2113 percent, and Series AA due 2035 with a rate of 6.4784 percent.

Boutique property developer Italpinas Development Corp. has appointed Alfonso L. Salcedo and Melchor C. Guerrero as independent directors, effective immediately. Salcedo, former president and CEO of Security Bank, and Guerrero, an expert in capital markets, replace Emeraldo C. Magnaye and Rafael A. Dominguez, who resigned due to health reasons and business ventures, respectively.

Alsons Consolidated Resources Corp., the publicly listed arm of the Alcantara Group, has listed on the Philippine Dealing and Exchange Corp. the P1.6 billion in commercial papers it issued to support its expanding energy projects.

CIS Bayad Center Inc. has partnered with 7-Eleven in revolutionizing the bill payment experience for millions of Filipinos. The collaboration enables Meralco customers to settle their electricity bills at over 4,000 7-Eleven CLiQQ Kiosks nationwide, with the added benefit of real-time posting via Bayad, eliminating the typical 24-hour delay.