Metro Pacific Investments Corporation (MPIC) reported that its planned voluntary delisting will now push through after the bidders have obtained enough shares from a tender offer to bring down the firm’s public float to less than five percent. In a disclosure to the Philippine Stock Exchange...
The SM Prime Group has partnered with LinkedIn to launch the SM Digi-U program to provide learning opportunities and ensure the continuing education of its employees. SM Prime Group is comprised of SM Prime Holdings Inc., SM Supermalls, SM Engineering, Design & Development, and SM Development...
The ongoing construction of the Makati City subway system hit a snag after the recent Supreme Court decision finding some areas previously within the jurisdiction of Makati City to be within the jurisdiction of Taguig City instead. “Under the Joint Venture Agreement executed between the Makati...
Fruitas Holdings Inc., a leading food and beverage retail operator, has secured a P300 million credit facility from Philtrust Bank to boost its war chest to P1 billion as it actively looks for new partners for mergers and acquisitions (M&As). In a statement, the firm said it has also...
Three months after Lucio Tan III took the helm as president of PAL Holdings Inc. (PHI), the parent company of the country’s premier flag carrier Philippine Airlines (PAL), he reinstated key management positions in a swift move to build a corporate structure that strengthens the airline’s...
SM Investments Corporation (SMIC) has confirmed that the planned $1-billion initial public offering (IPO) of real estate SM Prime Holdings Inc., one of the largest integrated real estate companies in Southeast Asia, will be moved to 2024 instead of later this year. During the investor conference...
Beverages tycoon Alfredo Yao is giving away the shares of RC Cola bottler ARC Refreshments Corporation (ARC) to shareholders of his investment arm Macay Holdings Inc. in what may be in preparation for a public listing. In a disclosure to the Philippine Stock Exchange, Macay said its Board of...
While the local stock market has been on a steady decline - down to its lowest level in nine months -- analysts do not see much relief as investor sentiment has turned bearish due to a confluence of negative factors. “The local market closed last week at 6,290.27, its lowest close since November...
The acquisition of Ling Nam and the continued expansion of its other brands resulted in a 48 percent jump in the first half net income of Fruitas Holdings Inc. (FRUIT), the leading food and beverage kiosk and community store operator. In a disclosure to the Philippine Stock Exchange, the firm said...
Driven by its bank and automotive units, GT Capital Holdings Inc., the Ty family’s investment arm, doubled its net earnings in the first half of the year to P16.58 billion from P8.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said core net...
Former Finance Secretary Carlos G. Dominguez III has been tapped by the Ty family’s investment arm GT Capital Holdings Inc. as one of its independent directors. Dominguez’s election into the GT Capital Board of directors was announced by the conglomerate in a disclosure to the Philippine Stock...
Housing developer 8990 Holdings Inc. reported that its first half net income inched up 2.5 percent to P3.79 billion in 2023 from the P3.69 billion earned last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues from January to June 2023 was also almost flat at...
