Megaworld Corporation Readies Philippines’ Largest Real Estate Investment Trust (REIT) Listing
Megaworld Corp plans to raise PHP 27.3 billion (USD 567 million) from its Initial Public Offering (IPO) of MREIT, Inc., its real estate investment trust (REIT), by selling 49 percent stake or offering up to 1.239 billion common shares at a maximum price of PHP 22 (USD...
Wärtsilä Finalizes Commissioning of First Two Energy Storage Projects in the Philippines
The technology group Wärtsilä has signed multiple energy storage contracts with SMC Global Power Holdings Inc. through its subsidiary, Universal Power Solutions Inc, in the Philippines during 2019-2020. The first two projects, Integrated Renewable Power Hub-Toledo and...
Alibaba Cloud to Build First Data Center in the Philippines
Alibaba Cloud, the cloud computing subsidiary of Alibaba Group, announced in early June 2021 that it is planning to build its first data center in the Philippines by the end of 2021. This data center will be able to better support the Philippines enterprises in...