Meg Adonis
Reporter at Philippine Daily Inquirer
Reports on capital markets for Philippine Daily Inquirer • Previously covered energy & education • Views are my own • ✉️ [email protected]
Articles
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1 week ago |
business.inquirer.net | Meg Adonis
MANILA, Philippines — Hotel101 Global will expand into the Kingdom of Saudi Arabia following its partnership with the Horizon Group. In a stock exchange filing on Thursday, the condotel venture of DoubleDragon Corp. said it would develop up to 10,000 rooms across five locations in the Middle Eastern country under its agreement with Horizon. These are Medina, Riyadh, Jeddah, Abha and Alula.
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1 week ago |
business.inquirer.net | Meg Adonis
MANILA, Philippines — Ayala Corp. is all set to raise up to P20 billion from its preferred share offering next month after getting the go signal of the Securities and Exchange Commission (SEC). This paves the way for the company to repay its loans and fund projects in the pipeline. In a statement on Wednesday, the SEC said its commission in full had approved the registration statement of Ayala. This covers the reissuance of five million preferred B shares at P2,000 each.
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1 week ago |
business.inquirer.net | Meg Adonis
MANILA, Philippines — Rockwell Land Corp. is betting on the strength of the high-end market to propel its growth this year. The segment is expected to offset the weakness of the middle-income segment in Metro Manila. Davy Tan on Wednesday said they would continue to expand their footprint across the country, especially outside Metro Manila. Tan is executive vice president for business development at Rockwell Land.
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1 week ago |
plus.inquirer.net | Meg Adonis
Investors were energized enough to push the benchmark index back to the 6,400 level on Wednesday. This was after US President Donald Trump decided to delay his latest tariff threat. By the closing bell, the benchmark Philippine Stock Exchange Index (PSEi) had added 0.64 percent, or 41.18 points, to 6,425.8.Also, the broader All Shares Index rose by 0.47 percent, or 17.56 points, to close at 3,753.10. A total of 601 million shares worth P6.3 billion changed hands, stock exchange data showed.
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1 week ago |
plus.inquirer.net | Meg Adonis
A new SM mall is coming to North Luzon, specifically Ilocos Norte. SM Prime Holdings announced that SM City Laoag would officially open its doors to Ilocano shoppers on Friday, May 30, marking its 88th shopping mall in the country. The newest mall has three levels and offers more than 51,000 square meters of gross leasable space. SM City Laoag will house several brands already known to the mall giant, including SM Store, SM Supermarket, SM Cinema, Pet Express, Miniso and BDO.
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RT @TyronePiad: LOOK: Converge Q1 financial report Revenues up 13% to P10.8B Gross profit up 15% to P7.14B Net income up 18% to P3.02B @I…
BREAKING: Filipino pop sensation BINI, illustrator Renren Galeno, entrepreneur Ysabel Chua and chess prodigy Daniel Quizon are included in this year’s edition of Forbes Magazine’s “30 Under 30 Asia” list. https://t.co/2wytpztpdv
Bloomberry nets P3.3B in Q1, up 26% on gains from Solaire North. Without a P2.9-B one-time gain recognized in February, Bloomberry's bottom line would have plunged by 83% to P445.8M. @InquirerBiz @inquirerdotnet https://t.co/qlVa2NHrVV