The Sy family’s SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is planning to raise as much as P100 billion from the issuance of bonds over the next three years. SM Prime's Board of Directors told the Philippine Stock Exchange (PSE) of the approval on...
STI Education Systems Holdings Inc. reported a 132 percent surge in net income for the first six months of its fiscal year ending June 30, 2024 due to a combination of higher enrollments and tuition fee increases. In a disclosure to the Philippine Stock Exchange (PSE), the firm said net income rose...
Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores in the country, is ramping up the expansion of its Ling Nam restaurant chain with the opening of three new branches in Metro Manila. In a disclosure to the Philippine Stock Exchange (PSE), Fruitas said it kicked of...
Megawide Construction Corporation has completed building the structure for housing developer 8990 Holdings’ 47-storey Urban Deca Cubao residential condominium. (L-R: Megawide Construction COO Frederick Tan, ECTA Principal Arch. Edward Co. Tan, Megawide Chairman & CEO Edgar Saavedra, 8990...
SM Prime Holdings, Inc. (SM Prime) President, Jeffrey Lim, was recently recognized for excellence in leadership at The Business Manual’s prestigious CEO Awards. Lim, along with the country's most prominent entrepreneurs and business leaders, was honored for his exemplary leadership and...
The Gokongwei Group’s Robinsons Retail Holdings Inc. posted a 29.5 percent drop in attributable net income due to foreign exchange losses and the impact of the merger of Robinsons Bank with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Balai ni Fruitas, the bakery subsidiary of Fruitas Holdings, is expanding its reach in the Visayas region by putting up a commissary in Tisa, Cebu City while continuing to increase capacity in Metro Manila. To fund these, Balai ni Fruitas informed the Philippine Stock Exchange (PSE) that it is...
MGen Renewable Energy Inc. (MGreen), a subsidiary of Manila Electric Company (Meralco), has completed its P15.9 billion acquisition of a controlling stake in SP New Energy Corporation (SPNEC). This comes after the Securities and Exchange Commission (SEC) approved the amendment to SPNEC’s articles...
SAMANTHA PANLILIO is a real beauty and brains rolled into one. The former Miss Grand Philippines 2021 is also the chief operations officer of publicly-listed Boulevard Holdings, Inc. (BHI), the company behind luxury accommodation brand Friday’s in Puerto Galera, Boracay, and opening...
The much-awaited giant initial public offerings (IPOs) of SM Prime Holdings’ real estate investment trust and Prime Infrastructure Inc. of billionaire Enrique K. Razon Jr. may not happen this year. In an online briefing, Abacus Securities Corporation Research Head Raymond Neil "Nicky" Franco...
DMCI Holdings Inc. is maintaining a cautiously optimistic outlook for 2024 even as the previous year was fairly good for the diversified engineering conglomerate despite being beset by global market uncertainties, volatile prices, and high interest rates. In a disclosure to the Philippine Stock...
Ayala Healthcare Holdings Inc. (AC Health), a unit of the Zobels' Ayala Corporation, reported that it has acquired a significant minority stake in North Luzon-based pharmaceutical company, St. Joseph Drug (Joleco Resources Inc.). In a disclosure to the Philippine Stock Exchange (PSE), Ayala...
