Tag: Megaworld

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EEI wins P19.1B worth of new projects

EEI Corp., one of the country’s leading construction firms, announced a major boost in its third-quarter project acquisitions for 2025, securing contracts worth a total of P19.1 billion, a significant turnaround from last year.

Alliance Global 1H profit soars on Megaworld gains

Alliance Global Group Inc., the listed investment holding company led by tycoon Andrew Tan, reported a 60 percent surge in net income to P14.04 billion in the first half...

Megaworld raises P1.17B from sale of MREIT shares

Megaworld Corp., the property development arm of billionaire Andrew Tan, said it raised P1.71 billion from the sale of 84.8 million shares of its real estate investment trust MREIT, Inc. The shares were priced at P13.82 per share.

Megaworld subsidiary launches P5B Nasugbu township

Global-Estate Resorts Inc., a subsidiary of property developer Megaworld Corp., said it will develop Nascala Coast, a 116-hectare integrated tourism and leisure township in Nasugbu, Batangas. 

Megaworld targets ultra-rich with Signature Collection brand

Megaworld Corp., the flagship property development firm of tycoon Andrew Tan, will launch the Megaworld Signature Collection this year—a curated portfolio of ultra-high-end residences...

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Final system integration set for BPI-Robinsons Bank merger, services temporarily unavailable 6 June

The Bank of the Philippine Islands (BPI) is moving into the last phase of its merger with Robinsons Bank, with a final system update scheduled to unify operations and deliver a more streamlined banking experience for all customers.

Japan Navy ship makes goodwill visit to Davao

The Japan Maritime Self-Defense Force vessel JS IKAZUCHI docked at the Port of Davao to reinforce longstanding friendship and growing cooperation between Japan and the Philippines. Its crew held meetings with Philippine Navy officials, including Naval Force Eastern Mindanao chief Commodore Ireneo D. Battung, to highlight joint efforts for regional stability and maritime security.

Saudi energy giant ACWA Power invests in Clark

Saudi Arabia-based ACWA Power has signed a lease agreement with the Bases Conversion and Development Authority (BCDA) for a 500-hectare site in New Clark City, paving the way for a utility-scale solar and battery storage project that could attract up to USD200 million in investments and supply clean power to emerging industries in Central Luzon.

Compliance with imported rice price cap hits 47% amid stricter DA checks

The Department of Agriculture (DA) has expanded market monitoring nationwide to strictly enforce the P50 per kilogram price ceiling for imported rice with 5 percent broken grains. In a statement Tuesday, the agency reported that compliance has steadily improved since the measure took effect, reaching 47.42 percent in the latest round of simultaneous inspections across Metro Manila and other regions. The increase is credited to more frequent checks and stronger presence of law enforcement in public markets.

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