Ayala’s Second PhP10 Billion Issuance in its Fixed-Rate Bonds Program Rated PRS Aaa

Makati—(PHStocks)—An Issue Credit Rating of PRS Aaa, with a Stable Outlook, was assigned by Philippine Rating Services Corporation (PhilRatings) for Ayala Corp.’s (PSE: AC) proposed PhP10 billion Retail Bonds. The proceeds of the issuance will be used to refinance Ayala’s outstanding PRS-rated bond issuance of PhP10 billion maturing on April 30, 2017. This will be […]
Continue reading…

 

ICTSI Manila Hits 2 Million TEU Milestone

Manila—(PHStocks)—The Manila International Container Terminal, International Container Terminal Services Inc.’s (ICTSI, PSE: ICT) flagship operation and the Philippines’ largest, most technologically advanced container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth TEU move last December. Nominated among the world’s top container terminals for several years, the MICT has an […]
Continue reading…

 

Primex Group Prepays All Bank Obligations

Manila–(PHStocks)–Listed property developer Primex Corp. (PSE: PRMX) disclosed that, together with its subsidiary Primex Realty Corp. and affiliate Primex Land Inc., the group, which has a total approved loan line of PhP1.8 billion, was able to prepay all its bank obligations with Metrobank (PSE: MBT) and BDO Unibank (PSE: BDO) as of January 3, 2017. […]
Continue reading…

 

Megaworld Expands Saint Honore in Iloilo Business Park

Makati—(PHStocks)—Just three months after its launch, Megaworld Corp.’s (PSE: MEG) Saint Honore residential tower in Iloilo Business Park is expanding with a new residential wing as demand for condominium units continues to soar in this side of Iloilo City. The Saint Honore ‘South Wing’ is an expansion of the North Wing launched in late August, […]
Continue reading…

 

BDO Sets Final Terms for PhP60B Stock Rights Offer

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) announced that it has fixed the final terms for its PhP60 billion stock rights offering of up to 716.4 million common shares (the “Rights Shares”) to stockholders as of record date 10 January 2017. Each eligible stockholder is entitled to subscribe to one (1) common share for every 5.095 common […]
Continue reading…

 

Robinsons Retail’s 2Q2016 Net Income Up 16.3%

Quezon—(PHStocks)—Robinsons Retail Holdings Inc.’s (PSE: RRHI) net income attributable to equity holders of the parent company climbed by 14.4% in the 2Q 2016 to PhP1.24 billion from PhP1.08 billion in the same quarter last year buoyed by the 18.8% lift in operating income driven mainly by the strong same store sales growth (SSSG) of 8.9% […]
Continue reading…

 

Starmalls Delivers Double-Digit Growth in the First Half of the Year

LasPinas—(PHStocks)—Starmalls Inc. (PSE: STR), the commercial arm of Vista Land & Lifescapes Inc. (PSE: VLL), delivered double digit growth in rental revenues, EBITDA and net income for the first half of the year. Rental income stood at PhP2.0 billion, 73% higher from previous year’s PhP1.1 billion. EBITDA during the first half of the year grew by 58% […]
Continue reading…

 

DMCI Power Builds New Palawan Plant

Makati—(PHStocks)—Off-grid energy company DMCI Power Corp. (PSE: DMC)  is building a 2×4.95MW bunker-fired power plant in Aborlan, Palawan to stabilize electricity supply in the franchise area of Palawan Electric Cooperative, Inc. (PALECO). The plant is expected to commence operations by year-end. “We are investing approximately PhP600 million in Aborlan to address the continuing increase in electricity […]
Continue reading…