James A. Loyola

He covers the Securities and Exchange Commission and the Philippine Stock Exchange.

SEC opens more online payment channels

The Securities and Exchange Commission (SEC) announced that it is opening more payment channels through a partnership with online payment platform Payment Innovation, Inc., (PayCools PH).

FLI enters co-working space joint venture

Filinvest Land Inc. (FLI), the Gotianun Group’s listed property developer, has entered a joint venture with KMC Community Inc. (KMC), a global co-working space provider, to launch Our Space Solutions Inc. (OSSI).
 

Philex profit falls as Padcal output declines

Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a 73 percent fall in core net income to P105 million in the first quarter of 2024 from the P388 million earned in the same period last year due to lower output.

Coke, power business boost Aboitiz earnings

Aboitiz Equity Ventures Inc., the Aboitiz Group’s investment arm, reported a 22 percent improvement in consolidated net income to P4.9 billion for the first quarter of 2024 from the P4.0 billion earned in the same period last year. 
 

Consunji Group seals deal to buy 90% of Cemex PH for $305.6 M

The Consunji Group has sealed the deal to acquire a controlling 89.86 percent of Cemex Holdings Philippines Inc. (CHP), the fourth largest cement manufacturer in the country, for $305.6 million in cash after weeks of stock market speculation.