In a show of confidence to the company he built up from a small local player into a multi-billion, global brandy and whisky empire, tycoon Dr. Andrew Tan has bought from the open market ₱333 million worth of the shares of Emperador Inc. In a disclosure to the Philippine Stock Exchange, the liquor...
Lopez-led First Gen Corp, (FGen) announced that it has fully acquired Pi Energy Inc. through a deed of assignment executed with its parent firm, First Philippine Holdings Corp. (FPH). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, May 19, FGen said it acquired Pi Energy for ₱1...
Vehicle sales in the Philippines grew by 2.5 percent in April, which marked the slowest growth in seven months, amid a sharp decline in passenger car sales. A joint report by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) showed...
Tantoco-led retailer SSI Group, Inc. reported an almost flat net income in the first quarter of the year as sales of fashion and casual wear lagged more basic items such as personal care, food, and home accessories. The firm disclosed to the Philippine Stock Exchange that its net income inched up...
Nearly 600,000 motorcycles were added to Philippine roads in the first four months of the year, as demand for a more affordable mode of transportation continues to attract droves of buyers across the country. The latest data from the Federation of Asian Motorcycle Industries (FAMI) showed that...
The Philippine Economic Zone Authority (PEZA) is teaming up with Japan-based sustainability solutions provider Zeroboard Inc. to promote decarbonization in its economic zones. In a social media post, PEZA said it has entered into a memorandum of understanding (MOU) with Zeroboard. The agreement...
Alcantara-led Alsons Consolidated Resources Inc. (ACR) announced that its net income slightly went down during the first three months of this year. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 16, ACR said it recorded a ₱472-million net income in the first quarter of...
Gaisano-led Metro Retail Stores Group, Inc. (MRSGI) announced a change in leadership with the retirement of Manuel C. Alberto as president and chief operating officer and the appointment of Joselito Orense to take his place. After serving as President and Chief Operating Officer for seven years,...
MREIT, Inc., the real estate investment trust of pioneering township developer Megaworld Corporation, announced the appointment of Kevin L. Tan as the company’s new Chairman of the Board effective June 1, 2025. Tan served as MREIT’s President and CEO since the launch of Megaworld’s REIT...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, has deconsolidated McDonald’s Philippines franchisee Golden Arches Development Corp (GADC) from its financial statements to generate a one-time gain of ₱3.4 billion from the remeasurement of the investment’s...
Ready to go toe-to-toe, tycoon Manuel V. Pangilinan said rival Globe Telecom Inc. is still “far behind” PLDT Inc. in the broader telecommunications sector, as the Ayala-led firm’s new leadership charts an ambitious course to become the most profitable telco in the Philippines. Last month,...
Megawide Construction Corporation’s real estate subsidiary PH1 World Developers, Inc. has turned profitable, boosting the engineering conglomerate’s first quarter financial results. In a disclosure to the Philippine Stock Exchange, Megawide reported that its net income for the first quarter of...
