DoubleDragon Board Approves Creation of International Entities for Overseas Sales Expansion

DoubleDragon Properties Corp. (PSE: DD) Board of Directors approved the creation of an international wholly owned selling arm subsidiaries in Singapore, Hong Kong, Japan, London, Italy and the United States of America to focus on the international pre-selling of Hotel101 projects in the Philippines. DoubleDragon has a strong in-house domestic sales force consisting of over […]
Continue reading…

 

PSE Declares Cash Dividends

The Board of Directors of the Securities Clearing Corporation of the Philippines (SCCP), a wholly owned subsidiary of the Philippine Stock Exchange (PSE: PSE), in its meeting held on 12 December 2018, declared cash dividend in the amount of PhP200 million to its stockholders of record as of 12 December 2018 payable on 18 January […]
Continue reading…

 

DLPF Receives PEZA Registration Approval

D&L Premium Foods Corp. (DLPF), a company under D&L Industries Inc. (PSE: DNL), has received from the Philippine Economic Zone Authority (PEZA) its Certificate of Registration as an Ecozone Export Enterprise to engage in the manufacturing of vegetable fats and oils and specialty food ingredients. The DLPF facility will be located in FIT-SEZ in Batangas […]
Continue reading…

 

Megawide Bags PhP10B Mandani Bay Quay Phase 2

Megawide Construction Corp. (PSE: MWIDE) was recently awarded the EPC contract for the Mandani Bay Quay Phase 2, the premiere waterfront development in Mandaue City, Cebu by HTLand Inc., a joint venture company of Hongkong Land and Taft Properties. “Megawide is proud to be a partner of HTLand Inc. in the construction of the Mandani […]
Continue reading…

 

RCBC Board Approves Merger with RCBC Savings Bank

The board of directors of Rizal Commercial Banking Corp. (RCBC, PSE: RCB) has approved the merger of RCBC Savings Bank into RCBC, subject to regulatory approvals. RCBC Savings Bank, a thrift bank, is 100% owned by RCBC. The proposed transaction will facilitate for the RCBC Group the following objectives: (1) more efficient capital deployment; (2) […]
Continue reading…

 

Manila Water Lands Calinog Water District Project

Manila Water Company Inc. (PSE: MWC) received a Notice of Award from the Calinog Water District (CWD) for a joint venture for the design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply system of the CWD in the Municipality of Calinog in the Province of Iloilo. Upon completion of conditions precedent […]
Continue reading…

 

Manila Water Gets Lambunao Water District Contract

Manila Water Company Inc. (PSE: MWC) received a Notice of Award from the Lambunao Water District (LWD) for a joint venture for the design, construction, rehabilitation, maintenance, operation, financing, expansion, and management of the water supply system of the LWD in the Municipality of Lambunao in the Province of Iloilo. Upon completion of conditions precedent […]
Continue reading…

 

Cebu Landmasters, Archdiocese of Cebu, Seal Agreement to Transform Patria de Cebu Property

Cebu Landmasters Inc. (PSE: CLI) recently signed a lease agreement with the Archdiocese of Cebu for a PhP900-million redevelopment of a 6,670 square-meter property in the heritage-rich downtown area of the Queen City of the South. The Patria de Cebu property, which currently offers budget-friendly accommodations for travelers, will be transformed into a mixed-use development. […]
Continue reading…