Richest Filipino Manuel B. Villar Jr.’s Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, is planning to offer 50 million preferred shares. Vista Land Founder and Chairman Manuel B. Villar Jr. In a disclosure to the...
VisMin developer Cebu Landmasters Inc. (CLI) reported a 15 percent growth in its first quarter 2024 net income to P978 million from P847 million in the same period of 2023. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenue rose 31 percent to P6.26 billion in...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, is seeking to accelerate its expansion outside of Metro Manila—mainly through its supermarket and drugstore businesses. RRHI President and CEO Robina Gokongwei-Pe During the firm’s annual stockholders’ meeting, RRHI...
Goldilocks Bakeshop, Inc., one of the most enduring and beloved Filipino brands in the SM group’s portfolio investments, is boosting its expansion through partnerships as it rolls out an additional 30 franchise-owned stores in 2024. In a statement, SMIC said Goldilocks has 926 stores as of...
The Ayala Group’s semiconductor manufacturing arm Integrated Micro-Electronics, Inc. (IMI) reported a net loss of $3.7 million in the first quarter of 2024, or 394 percent or almost five times the $749,000 incurred in the same period last year. In a disclosure to the Philippine Stock...
The Zobel family’s real estate giant Ayala Land, Inc. reported a 39 percent jump in net income to P6.3 billion for the first quarter of 2024 while consolidated revenues increased by 33 percent to P41.0 billion from the first quarter of 2023. In a briefing, ALI said it delivered significant...
Tycoon Andrew Tan’s Megaworld Corporation, the country’s leading township developer, posted a 10 percent improvement in net income to P5.02 billion during the first quarter of 2024 from the P4.56 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
PLDT Inc. expects to find a likely candidate for the successor of its former President Alfredo Panlilio by next year as Chairman and CEO Manuel V. Pangilinan does not intend to hold on to the post for long. PLDT Chairman and CEO Manuel V. Pangilinan “The search is ongoing. I have seen two or...
PLDT Inc., the country’s largest telecommunications firm, is considering the sale or the real estate investment truest (REIT) listing of its data center business which it values at more than $1 billion. PLDT Chairman and CEO Manuel V. Pangilinan In an interview, PLDT Chairman and CEO Manuel...
Century Pacific Food, Inc. (CNPF), a food and beverage company controlled by the Po family, reported a 15 percent growth in unaudited net income year-on-year to P1.7 billion in the first quarter of 2024. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues grew...
PLDT Inc., the country’s largest telecommunications firm, expects single digit growth in revenues this year with a net income of about P35 billion as it reported a nine percent year-on-year growth in net income to P9.8 billion in the first quarter of 2024. PLDT and Smart Chairman and CEO Manuel...
SM Investments Corporation (SMIC) and subsidiary SM Prime Holdings Inc. reported that they have jointly established a $3.0 billion Multi-Issuer European Medium Term Note (EMTN) Programme. In a disclosure to the Philippine stock Exchange, SM Prime said the EMTN Programme was established through SMIC...
