Corporate
DITO CME delays capital-raising exercise on investor requests; still offering common shares
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 buys AirSwift from Ayala Group for P1.75 billion
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.
Kevin Tan joins Megaworld board; named executive director of listed firm
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.
SEC creates fast lane for energy firms raising capital
The Securities and Exchange Commission (SEC) has put in place a streamlined process for energy firms to raise capital quickly through the stock market...
CDC drops MCWMC for Razon-led Prime Infra unit PWS Pampanga
Clark Freeport – Clark Development Corp. (CDC) has refused to renew the service contract with Metro Clark Waste Management Corp. (MCWMC) that expired on Saturday, 5 October this year.
