Okada Foundation Inc. President James Lorenzana has been named the new chairman of Ferronoux Holdings Inc. following the resignation of Michael Cosiquien for Themis Group Corporation to take over control of the company. In a disclosure to the Philippine Stock Exchange, Ferronoux said Abel Almario...
Armscor Global Defense Inc. (AGDI), the largest defense manufacturer in the Philippines and a major player in Asia, is investing P1 billion to bolster its military and weapons systems development for both domestic and export markets. Daniel Tuason, Armscor vice president for business development,...
Entering the new trading year 2025, stock market investors are faced with a lot of uncertainties as both risks and positive factors mingle to present a hazy picture in analysts’ crystal balls. For Chinabank Capital Corporation Managing Director Juan Paolo Colet, “Next year [2025] presents a...
Advent Energy, Inc., an energy solutions provider and subsidiary of Aboitiz Power Corporation, aims to capture a 30 percent market share in the Mindanao region. James Yu, Aboitiz Power first vice president and head of retail, explained that despite hurdles such as educating the market and upgrading...
Japanese gaming firm Universal Entertainment Corporation (UEC) expects to end the year with a loss, partly due to the weak VIP market hounding its Philippine integrated resort, Okada Manila, and other casinos operating in the country. In a disclosure to the Tokyo Stock Exchange, UEC said that based...
Damosa Land President Ricardo "Cary" Lagdameo with Jose Manuel "JM" Lagdameo during the groundbreaking ceremony of Kahi Estates on October 15, 2024. Continuing its mission to build sustainable and resilient communities in Mindanao, Damosa Land, Inc. (DLI) unveiled Kahi Estates, its first...
Tycoon Michael Cosiquien is exiting Ferronoux Holdings, Inc., handing the reins of the company to backdoor-lister Themis Group Corporation and in exchange for P297 million. In a disclosure to the Philippine Stock Exchange, Ferronoux said Cosiquien’s ISOC Holdings Inc. has notified the company...
The Sy family’s SM Group is optimistic about the country’s economic growth prospects in 2025, despite challenges such as peso volatility and high inflation. In a statement, SM Investments Corporation (SMIC) President and Chief Executive Officer Frederic C. DyBuncio, said the group plans...
Amid a slowdown in the residential construction and home improvement retail business, tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has canceled its planned P500 million joint venture into the industry with a Thai company sealed in 2022. In a disclosure to the Philippine Stock...
The Philippine data center industry is poised for long-term growth due to rising demand from global players, enhanced digital infrastructure, and supportive government policies. According to Leechiu Property Consultants Inc., the sector’s upward trajectory is fueled by increased adoption of 5G...
Advent Energy, Inc., a subsidiary of Aboitiz Power Corporation, announced plans to deliver more renewable energy (RE) projects by 2025, with a focus on solar power. In a briefing, James Yu, Aboitiz Power vice president and head of retail, said the company plans to increase capacity through...
The Ty family’s flagship GT Capital Holdings Inc. announced key leadership changes in its wholly-owned subsidiary Federal Land Inc., with Jose Mari H. Banzon taking the helm of the property development company starting next year. In a disclosure to the Philippine Stock Exchange, GT Capital said...
