Corporate
Suntrust board approves $38 million loan from LET Group
Suntrust Resort Holdings Inc., co-developer of the Westside City Resorts World project at the Entertainment City, has obtained a 10-year USD38 million loan from China's LET Group Holdings Ltd.
Atlas Mining 1Q net profits more than double to P563 million on higher mine output, gold price
Atlas Mining 1Q net profits more than double to P563 million on higher mine output, gold priceCorporateAtlas Consolidated Mining and Development Corp. said Monday first-quarter net profit more than doubled to P563 million from P264 million in the year-earlier period, helped by increased mine output and higher price of gold.
Filinvest Land to launch P25 billion residential projects to sustain growth
Filinvest Land Inc., the listed property development arm of the Gotianun Group, plans to launch P25 billion worth of residential projects this year, mostly residential buildings and landed housing, to sustain double-digit growth seen last year.
SEC hales into court MFT Group and accounting firm Isla Lipana
The Securities and Exchange Commission has haled into court the Maria Francesca Tan Group of Companies Inc. and Foundry Ventures I Inc. over alleged illegal investment taking activities.
Manila Water subsidiary acquires 70 percent stake in Laguna water service provider
Manila Water Co. Inc. subsidiary, Manila Water Philippine Ventures Inc. (MWPV) has acquired a 70 percent interest stake in Equipacific HoldCo Inc. (EHI) at the cost of P1.15 billion.
