Corporate

PayMongo on Friday announced the appointment of Jojo Malolos as president and CEO of PayMongo, effective February 1, 2023. As part of this appointment, Isabel Ridad will step down as interim CEO and will leave the company as she pursues her own venture. To ensure a smooth transition, Isabel will assist by remaining with the company until the end of February and continue to serve on the PayMongo Board of Directors thereafter. 

VistaREIT, Inc. (VREIT), the commercial real estate investment trust of integrated property developer Vista Land & Lifescapes, Inc., already spent around P1.9 billion of the proceeds from its initial public offer of shares in June.

Manila Water Co. Inc. is investing P37.3-billion in a three-river system wastewater masterplan designed to rehabilitate and protect natural waterways while providing its customers with the best sanitation and sewerage services.

In a series of public advisories, the SEC warned against investing in Flipkart Platform, PPG Investment Group/Conamor Shop, Livewell Multiventures, Blackrock and Perfx Solutions Corp. and Trading Basket and Trading Philippines. 

Cebu Air Inc., which owns the country’s largest budget carrier Cebu Pacific, told the Philippine Stock Exchange on Thursday it has budgeted P42 billion as capital expenditures this year, most of which will fund aircraft purchases.