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Monday, June 5, 2017
Authors Posts by VG Cabuag

VG Cabuag

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A journalism graduate and has covered the Philippine business beat for more than a decade.
SHARE prices closed at its highest for the year as investors ignored last week’s attack at a popular gambling site in Pasay City. The benchmark Philippine Stock Exchange index (PSEi) closed at 8,001.38, up by 93.72 points or 1.2 percent...
SM Prime Holdings Inc., the shopping-mall operator and the property-development firm of the Sy family, becomes the first Philippine company to reach P1 trillion in market capitalization on Monday on the back of favorable market outlook. “SM Prime acknowledges the investment community’s...
DMCI Holding Inc., a firm known for its construction projects in the country, said it has 1 billion tons of limestone reserve on Semirara Island, enough to support its cement-manufacturing plant for the next 500 years. DMCI Chairman and President...
AT least 37 percent of the total listed firms will be affected when the proposed increase in minimum public ownership is implemented by the Securities and Exchange Commission (SEC). According to Philippine Stock Exchange (PSE) data, as of end-March,...

Stock-Market Outlook

LAST WEEK SHARE prices closed higher last week as investors ignored the attack that happened in Resorts World Manila (RWM) at the end of an eventful week for the market. The benchmark Philippine Stock Exchange index gained 40.17 points to end...
Credit Rating and Investors Services Philippines Inc. (CRISP) has affirmed its top rating on Villar-led property developer Vista Land and Lifescapes Inc. with a stable outlook. In assigning the “AAA” rating for Vista Land, the ratings firm noted the company’s...
ROCKWELL Land Corp., the property-development arm of the Lopez family, said it plans to spend P14 billion for the year to complete its projects, mainly high-end developments. This year’s capital expenditure (capex) is 16 percent higher than last year’s allocated...
ETON Properties Philippines Inc., the property-development arm of tycoon Lucio Tan, is increasing its hospitality portfolio after it converted a portion of its project Eton Makati into a suite-type lodging for businessmen and travelers. Josefino Lucas, Eton’s deputy COO, said...
PROPERTY developer Megaworld Corp. on Wednesday said it is building another residential property in its exclusive neighborhood development in McKinley West in Taguig. The company said it expects to sell P3 billion worth of residential inventory from its new building in the...
THE board of Vista Land and Lifescapes Inc., the property development arm of the Villar group, has approved the flotation of P20 billion in debt paper. The company said it will submit documents with the Securities and Exchange Commission (SEC)....
AYALA Land Premier, the luxury-property brand of Ayala Land Inc., said its sales during the first quarter hit P8 billion, its highest quarterly sales so far after the strong take-up of its developments. Mike Jugo, Ayala Land Premiere managing director,...
SAN MIGUEL Brewery Inc. (SMB) wants to further expand to the lucrative, but competitive, US market, even as the company is also eyeing the expansion of all its facilities at home. SMB Chairman Ramon S. Ang said the company is...
CONGLOMERATE San Miguel Corp. (SMC) said it will submit a $2-billion (about P100 billion) worth of unsolicited project proposal to the Duterte administration to construct a spillway that will help solve chronic flooding in Metro Manila. San Miguel President and...
RAMON S. Ang, the president and COO of conglomerate San Miguel Corp., may become one of the board members and part owner of Asian Carmakers Corp., the main distributor of BMW luxury cars in the Philippines. “Don Pepito and ...
CONGLOMERATE San Miguel Corp. (SMC) said it is spending $700 million (P34.97 billion) to build a packaging facility in its Davao industrial park that will include the country’s largest glass-manufacturing plant. SMC President and COO Ramon S. Ang told reporters...
THE Philippine Stock Exchange (PSE)on Thursday said it is selling its office units that include parking spaces in Tektite Building in Ortigas, Pasig City, to Philippine Realty and Holdings Corp. (Philrealty). The PSE, the operator of the equities trading floor, said it...
WILLIAM Belo, the founder of home and construction retail chain Wilcon Depot Inc. (WDI), has stepped down as chairman of the company months after its initial public offering. Belo will be replaced by Bertram Lim, who was elected as independent...
CASUAL mobile-games maker Xurpas Inc. said it is working on more businesses as it struggles to reach its consumers. Nico Jose Nolledo, the company’s chairman and CEO, said part of its business model involves attracting other businesses into its platform...
CEBU-BASED property developer Cebu Landmasters Inc. said it is not keen in expanding in Metro Manila as it wants to focus instead in the Visayas and Mindanao region. Jose Soberano III, the company president and CEO, said it does not...
DMCI Power Corp., the off-grid energy player, said it has helped avert power outages in Masbate after it installed new spare parts in its power facility. The company said in partnership with the Masbate Electric Cooperative, it replaced reclosers in the...