The Tantoco family’s upscale retailer SSI Group Inc. is more optimistic of its prospects next year compared to 2024 even as it continues to expand its food service portfolio to include the Venchi chocogelateria. In an interview, SSI President and CEO Anton T. Huang said, “I remain optimistic...
iPeople inc., a joint venture between the Yuchengcos’ House of Investments and the Zobels’ Ayala Corporation, reported a 10 percent growth in enrollment for the school year 2024-2025, resulting in a 54 percent jump in attributable profits in the first nine months of 2024. In a disclosure to the...
PH Resorts Group Holdings Inc., the hotel and casino business unit of Davao tycoon Dennis A. Uy, continues to hold “strategic investor discussions with several parties” for partnerships in, or acquisition of, its integrated resorts while raising funds to meet its obligations. In a disclosure to...
Suntrust Resort Holdings Inc., a partnership between LET Group Holdings and Megaworld Corporation, reported that its net loss increased 15 percent to P477.56 million in the first nine months as it continues to spend for the development of its $1.1 billion resort and casino project in Parañaque....
Balai ni Fruitas Inc., a leader among Philippine counter service bakery operators, posted a 26 percent growth in net income to P52 million in the first nine months of 2024 form the P41 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said “This...
Vista Land & Lifescapes, Inc. of billionaire Manuel B. Villar Jr. reported a 10 percent growth in net income to P9.1 billion for the nine months of 2024 from the P8.2 billion earned in the same period last year. One of the Philippines’ leading integrated property developers and the...
Lance Gokongwei, President and CEO of JG Summit Holdings, Inc., is the recipient of the 2024 EY-Bank of Singapore Asean Entrepreneurial Excellence Award. Gokongwei is recognized for his exemplary leadership and significant contributions to the Southeast Asian business landscape. Businessman...
Cemex Holdings Philippines Inc. (CHP) has raised about P177 million ($3.01 million) from the sale of its wholly-owned, Barbados-registered reinsurance company to an affiliate of Cemex, S.A.B. de C.V. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has signed a Share...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Andrew Tan, reported an almost flat net income of P20.05 billion during the first nine months of the year versus P20.14 billion in the same period of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
SM Prime Holdings, one of Southeast Asia's largest integrated property developers, is consolidating its residential business under the SM Residences brand, which will venture into both the luxury and low-cost housing markets. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime...
Max’s Group, Inc. (MGI), the Philippines’ largest casual dining restaurant group, reported a 41 percent drop in net income to P186 million in the first nine months of the year from P314 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said this is...
Filinvest Land, Inc., the publicly listed property developer of the Gotianun Group, reported an eight percent year-on-year increase in consolidated attributable net income, reaching P2.65 billion in the first nine months of 2024. In a disclosure to the Philippine Stock Exchange, the company...
