Sta. Lucia eyeing P2.7 billion loan from local banks
MANILA, Philippines — Listed real estate developer Sta. Lucia Land Inc. plans to borrow as much as P2.7 billion from local financial institutions to support its continuing expansion.
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Stocks advance ahead of BSP meeting
MANILA, Philippines — Share prices sustained their climb for a second consecutive session as investors continued their bargain hunting while waiting for the Bangko Sentral ng Pilipinas (BSP) meeting this week.
38 Philippine firms land in maiden Fortune Southeast Asia 500
MANILA, Philippines — A total of 38 Filipino companies have landed in the maiden Fortune Southeast Asia 500 list, with diversified conglomerate San Miguel Corp. (SMC) leading the charge as the only Filipino firm in the top 10.
SEC files criminal complaint vs casino junket operator
MANILA, Philippines — A criminal complaint has been filed by the Securities and Exchange Commission (SEC) against the group of casino junket operator Hector Aldwin Liao Pantollana.
Interest rate woes dampen stock market
MANILA, Philippines — Share prices plunged for a fourth consecutive session on investor concerns over the direction of interest rates.
CLI beefs up hospitality business, opens largest hotel in Bacolod
MANILA, Philippines — Cebu Landmasters Inc. (CLI) is poised to bolster its hospitality business with the opening of the company’s fourth hotel, with six more lined up for launch in the next two years.
Primex names Abacan as new independent director
MANILA, Philippines — Listed property developer Primex Corp. is bullish on sustaining its growth momentum with the addition of former Monetary Board member and former Metrobank president Antonio Abacan Jr. as an independent director to its board.
Ang’s eldest takes on bigger role in SMC
MANILA, Philippines — John Paul Ang, the eldest son of tycoon Ramon Ang, is set to take on a bigger role in diversified conglomerate San Miguel Corp. (SMC), which his father currently leads.