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ALI unit to put up chain of hospitals

Mercado General Hospital Inc. (MGHI) of Ayala Land (ALI) opened the first of what is envisioned to be a nationwide chain of full-service hospitals offering affordable services under the QualiMed Health Network at the mixed-use Atria Park district. 89 more words

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BSP approves more than 3-fold increase in Unionbank’s capital

Union Bank of the Philippines (UBP) has bagged regulatory approval to more than triple its capital. In a disclosure to the Philippine Stock Exchange, Unionbank said it received last week a letter from the Bangko Sentral ng Pilipinas (BSP) approving the increase in its authorized capital stock from PHP 6.7 billion to PHP 23.11 billion. 135 more words

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Group of Lucio Tan’s brother offers to buy out remaining shareholders of JAS

An investor group led by the estranged brother of Lucio Tan plans to transform Jackstones, Inc. (JAS) into a holding firm with investments in real estate, energy and technology. 148 more words

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ALI plans mixed-use residential project in Mandarin Oriental

A 1.5-hectare mixed-use development, composed mainly of residential projects, will replace the Mandarin Oriental Hotel in Makati City. The master plan is being prepared.

In June, Ayala Land Inc. 85 more words

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Robinsons ramps up office space dev’t

Robinsons Land Corp. (RLC) is now preparing for the construction of its second office building in Bridgetown, a PHP 30 billion business park along C5. The Bridgetown project can accommodate 10-14 office buldings. 72 more words

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Ayala rechannels part of share sale proceeds for debt servicing

Ayala Corp. (AC) is reallocating a portion of the proceeds from a planned preferred share offering earlier intended to fund infrastructure projects.

In its amended registration statement filed with the SEC, AC said it expects to use net proceeds from the re-issuance and offering of up to 30 million preferred Class B shares solely to “refinance certain peso denominated obligations.” 79 more words

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Metrobank plans fresh round of fund-raising amid strong investor demand

Metropolitan Bank and Trust Company (MBT) will tap investors again in the coming weeks after it raised PHP 20 billion from a recent fund-raiser.

In a disclosure to the Philippine Stock Exchange, Metrobank said it raised PHP 8 billion from the offering of 5.5-year long-term negotiable certificates of deposit (LTNCDs). 66 more words

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