San Miguel Corp., one of the largest conglomerates in the Philippines, is seeking the consent of bondholders for proposed amendments to several outstanding fixed-rate Philippine Peso bonds.
Bank of Commerce, the country’s 15th largest lender and a member of the San Miguel Group, said its board has elected Antonio Abacan Jr. as an independent director to serve the unfinished term of Rebecca Maria Ynares, who has resigned.
San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.
Bank of Commerce (BankCom), an affiliate of San Miguel Corp., has approved a 79 percent increase in cash dividends for common shareholders, totaling P631.4 million, following its record P3-billion profit in 2024.
First Balfour, Inc., the construction and engineering arm of the Lopez Group, has collected more than six tons of reusable plastic waste for recycling through its partnership with The Plastic Flamingo Philippines (PLAF).
Metro Manila water rates will increase starting next year, the Metropolitan Waterworks and Sewerage System–Regulatory Office (MWSS-RO) said on Monday. The adjustments are meant to reflect changes in taxes and environmental charges.
The various fuel retailers will raise gasoline prices by P0.20 per liter starting Tuesday morning, while prices of diesel and kerosene will be cut by P0.20 per liter.
International Container Terminal Services Inc. (ICTSI) will invest R$948 million to expand and modernize the Rio Brasil Terminal at the Port of Rio de Janeiro from 2025 to 2029.