Premium residential as well as commercial and industrial lot sales continue to fuel the growth of real estate giant Ayala Land, Inc. (ALI) as the middle-income condominium market in Metro Manila continues to be weighed down by weak sentiment, low demand, and excess supply. Despite headwinds, the...
Tycoon Lucio Co’s grocery retailer Puregold Price Club, Inc. (PGOLD) is the third listed major consumer company after Robinsons Retail Holdings Inc. and Wilcon Depot to report an uptick in consumer traffic and their growing basket sizes. Puregold posted a 6.5 percent improvement in consolidated...
Campos-led Del Monte Pacific Limited (DMPL) is talking to a potential investor for its US subsidiary, Del Monte Foods Holdings Limited (DMFHL), after deciding to let lenders take control of the unit instead of contributing $45 million for a dispute settlement. This comes after DMPL said its Board...
Port operator International Container Terminal Services Inc. (ICTSI) saw record-high earnings of $239.54 million in the first quarter of the year, driven by strong growth in its international portfolio, which remains relatively unaffected by recent trade upheavals caused by tariffs imposed by the...
Consunji-led Concreat Holdings Philippines (CHP) , the former Cemex Holdings Philippines Inc., expects 2025 to remain a challenging year for the local cement industry but is hopeful of a recovery in the medium term and a financial turnaround in three years. During the firm’s annual...
Wilcon Depot, Inc. (Wilcon), the country’s leading home improvement and finishing construction supply retailer, expects its earnings to return to a growth trajectory even though it continued to decline in the first quarter as it observes a rising trend in consumer spending. “Despite the drop in...
Villar-led Vista Land & Lifescapes, Inc., one of the Philippines’ leading integrated property developers and the country’s largest homebuilder, has raised $150 million from a syndicated term loan facility arranged by Sumitomo Mitsui Banking Corporation. In a disclosure to the Philippine Stock...
Amid concerns of a cooling Chinese economy, SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, remains upbeat about its businesses in China, where it has also ventured into the office leasing business in addition to malls. “In China, there is nothing to...
The international community must come together and condemn the Pahalgam terror attack that claimed 26 lives. "In light of these facts, the international community must rise in unified condemnation of the Pahalgam attack. Strong and meaningful action must be taken to compel Pakistan to reform its...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. is relying on potential partnerships with EEI Corporation and AppleOne Group of Cebu to pay off debts, including that of its Bohol resort, and buy back land for its Mactan casino project. In a disclosure to the Philippine Stock Exchange,...
Consunji-led Concreat Holdings Philippines, the former Cemex Holdings Philippines Inc., takes a major step towards returning to profitability with the start of operations of its new production line in Antipolo City. In a disclosure to the Philippine Stock Exchange, the firm said the new production...
Consunji-led Concreat Holdings Philippines, the former Cemex Holdings Philippines Inc., takes a major step towards returning to profitability with the start of operations of its new production line in Antipolo City. In a disclosure to the Philippine Stock Exchange, the firm said the new production...
