The Philippine Competition Commission has cleared the Consunji Group’s planned acquisition of a controlling stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the Philippine Stock Exchange, the group said DMCI Holdings Inc., Dacon Corporation, and Semirara Mining and Power...
Cosco Capital Inc., the retail holding firm of billionaire Lucio L. Co, registered a 15.5 percent growth in its consolidated net income amounting to P6.97 billion in the first half of 2024 from P6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group, reported a 43 percent jump in consolidated attributable net income to P14.8 billion in the first half of 2024 from the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it generated a 99...
The Sy-led SM Prime Holdings Inc. is allocating P10 billion of 10 percent of its capital expenditures to sustainable and resilient designs and using renewable energy as part of its commitment to preserving the environment. In a statement, SM Investments Corporation said SM Prime integrates rigorous...
Flag carrier Philippine Airlines (PAL) reported a comprehensive net income of P9.48 billion for the first half of 2024, 30 percent lower than in the same period last year. Based on the disclosure of parent company PAL Holdings Inc. to the Philippine Stock Exchange (PSE), this is on the back of...
Dominion Holdings Inc. (DHI), formerly BDO Leasing and Finance Inc., posted a seven percent growth in net income to P134.5 million in the first half of 2024, from the P125.3 million in the comparable period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said earnings...
PHINMA Corporation, a conglomerate controlled by the Del Rosarios, plans to raise up to P1 billion from a stock rights offering (SRO) in the fourth quarter of this year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors approved the planned SRO at its...
Ayala Healthcare Holdings Inc. (AC Health) reported that it has completed its investment in St. Joseph Drug, officially adding the North Luzon-based pharmaceutical company to its healthcare portfolio. In a statement, AC Health’s parent, Ayala Corporation, said the definitive agreements were...
Diversified engineering conglomerate DMCI Holdings reported a 29 percent decline in net income to P11.1 billion in the first half of 2024 from P15.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the lower earnings is primarily due to...
The Sy siblings’ SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, reported that its consolidated net income improved 13 percent to P22.1 billion in the first half of 2024 from the P19.4 billion in the same period last year. In a disclosure to the...
The Gokongwei Group’s Robinsons Retail Holdings Inc. reported that its attributable net income surged 3.8 times to P6.8 billion in the first half of 2024 from P1.8 billion in the same period last year due to a one-time gain from the Bank of the Philippine Islands-Robinsons Bank merger in the...
Marking 30 years of shared prosperity: SM Prime Holdings' Board of Directors (from left): Hans T. Sy; Amando M. Tetangco, Jr.; Jeffrey C. Lim; and Henry T. Sy, Jr. lead a momentous bell-ringing ceremony with Philippine Stock Exchange's President and CEO, Ramon S. Monzon; Directors Eddie T. Gobing,...
