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Filinvest Development Corporation's Hospitality Arm Fuels Expansion with the Grafik Hotel Collection

6/19/2024

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Filinvest Development Corporation's Hospitality Arm Fuels Expansion with the Grafik Hotel Collection
Filinvest Hospitality Corporation (FHC) has formally opened its newest hotel development, Grafik Hotel Collection, located within Camp John Hay. This is the official debut of FHC's Grafik Hotel Collection, a new range of hotels designed to provide guest experiences that inspire stories about Filipino culture and heritage. The project is a collaboration between the Bases Conversion and Development Authority (BCDA) and John Hay Management Corporation.

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SEC Files Second Money Laundering Case Against Silverlion

6/18/2024

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SEC Files Second Money Laundering Case Against Silverlion
The Securities and Exchange Commission (SEC) has filed another money laundering case against Silverlion Livestock Trading Corp. for its illegal solicitation of investments from the public.

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San Miguel Corporation Launched a P20 Billion Retail Bond Offer

6/18/2024

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San Miguel Corporation Launched a P20 Billion Retail Bond Offer
San Miguel Corporation submitted to the PSE a copy of the Permit to Sell and Offer Securities dated June 14, 2024, issued by the Securities and Exchange Commission (SEC) for the offering of up to P20 billion worth of Fixed Rate Retail Bonds consisting of a Base Offer of P15 billion and an Oversubscription Option of up to P5 billion. ​

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Ayala Land, Inc.’s Proposed Acquisition of Shares of Aboitiz Land, Inc. and Aboitiz Equity Ventures Inc. in Cebu District Property Enterprise Inc.

6/18/2024

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Ayala Land, Inc.’s Proposed Acquisition of Shares of Aboitiz Land, Inc. and Aboitiz Equity Ventures Inc. in Cebu District Property Enterprise Inc.
Ayala Land, Inc. (ALI) entered into a share sale and purchase agreement with Aboitiz Land and Aboitiz Equity Ventures Inc. (AEV) for the purchase by ALI of Aboitiz Land and AEV’s 50% equity interest in Cebu District Property Enterprise Inc. (CDPEI).

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Wilcon Depot, Inc. Remains Optimistic About the Future of Home Improvement, Continues to Seek a 100-Store Target

6/18/2024

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Wilcon Depot, Inc. Remains Optimistic About the Future of Home Improvement, Continues to Seek a 100-Store Target
At its annual stockholders' meeting, Wilcon Depot, Inc.'s President and Chief Executive Officer, Ms. Lorraine Belo-Cincochan, mentioned that despite the apparent slowdown in demand versus 2022, Wilcon remained bullish on the future of home improvement. Wilcon still pursued the accelerated opening of new stores, so the 100-store target will be achieved a year ahead of schedule. Wilcon ended 2023 with 90 stores.

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Sun Life Financial Inc. Announces Intention to Redeem Series 2019-1 Subordinated Unsecured 2.38% Fixed/Floating Debentures

6/18/2024

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Sun Life Financial Inc. Announces Intention to Redeem Series 2019-1 Subordinated Unsecured 2.38% FixedFloating Debentures
Sun Life Financial Inc. has announced that it intends to redeem all of the outstanding $750 million principal amount of Series 2019-1 Subordinated Unsecured 2.38% Fixed/Floating Debentures in compliance with the redemption provisions attached to Debentures. The redemption will be funded using existing cash and liquid assets.

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Cebu Landmasters, Inc. Opens 200-Room Citadines Bacolod City, Bacolod’s Largest International Hotel

6/15/2024

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Cebu Landmasters, Inc. Opens 200-Room Citadines Bacolod City, Bacolod’s Largest International Hotel
Leading developer in VisMin Cebu Landmasters, Inc. (CLI) expands its footprint in the Visayas and Mindanao (VisMin) tourism industry with the opening of the 200-room Citadines Bacolod City, the listed company’s first hotel outside Cebu City and the largest international hotel in Bacolod.

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EEI Corporation Signs MoU with Concrete Stone Corp.

6/15/2024

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EEI Corporation Signs MoU with Concrete Stone Corp.
Construction giant EEI Corporation (EEI) recently signed a Memorandum of Understanding (MoU) with Concrete Stone Corp. (CSC), for its precast concrete requirements to be utilized for multiple mega infrastructure projects. With this MoU, CSC will be providing EEI's precast requirements for Luzon, Visayas, and Mindanao.

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Empire East Land Holdings, Inc. Continues to Transcend Challenges, Unveils Future Plans

6/15/2024

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Empire East Land Holdings, Inc. Continues to Transcend Challenges, Unveils Future Plans
​Real estate developer Empire East Land Holdings, Inc. looks back to its achievements in the past year and reveals its plans for future developments as it celebrates its 30th year in the industry.

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Manulife Financial Corporation to Issue S$500 Million 4.275% Subordinated Notes Due 2034

6/15/2024

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Manulife Financial Corporation to Issue S$500 Million 4.275% Subordinated Notes Due 2034
Manulife Financial Corporation (Manulife) announced that it has priced an offering in Singapore of S$500 million principal amount of 4.275% subordinated notes due June 19, 2034. The offering will be made pursuant to an offering circular dated June 11, 2024 and will qualify as Tier 2 capital for Manulife.

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