The Securities and Exchange Commission has approved the merger of Robinson’s Supermarket Corp. (RSC), a wholly-owned subsidiary of Robinsons Retail Holdings, Inc., with Robinsons Convenience Stores, Inc. (RCSI). Under the approved terms and conditions of Articles and Plan of Merger, Robinsons...
AbaCore Capital Holdings Inc. committed to continue paying dividends of not less than 10 percent per year to its investors, affirming the company’ strong financial performance. In a disclosure to the Philippine Stock Exchange, the firm said the dividends for the succeeding periods will come from...
Sugar and ethanol producer Roxas Holdings, Inc. is optimistic of its continued recovery after it managed to pare down losses to P752 million in its fiscal year ending September 30, 2021 from the P939 million net loss in the previous year. In a disclosure to the Philippine Stock Exchange, the firm...
Apex Mining Co. Inc. is buying the Davao de Oro copper mining operations controlled by Clariden Holdings Inc., a subsidiary of Iñigo Zobel and Ramon S. Ang’s Top Frontier Holdings Inc. for $81.5 million (P4.56 billion) . In a disclosure to the Philippine Stock Exchange, Apex said its Board of...
The Consunji family, possibly through DMCI Holdings Inc., is considering expanding its agriculture business to include large-scale palm oil production while generating carbon credits at the same time. “Our family has agriculture investment in Mindanao, we think that we can probably leverage that...
Philippine Regional Investment Development Corporation (PRIDE), a subsidiary of AbaCore Capital Holdings Inc., has entered into an agreement with Highsource Prime Building Inc. to undertake various leisure projects at the Montemaria Shrine at an initial cost of P4.2 billion. In a disclosure to the...
STI Holdings, owner of one of the biggest networks of private schools in the Philippines, has reduced its attributable net loss in the first quarter of its fiscal year ending June 30, 2023 to P42.37 million from losses of P114.23 million in the same period last year. STI Holdings’ fiscal year...
Fruitas Holdings Inc. (FRUIT), the leading food and beverage kiosk and community store operator, returned to profitability in the first nine months of 2022 with earnings of P43 million from a net loss of P16 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, is opening SM City Tuguegarao this Friday, November 18, 2022. It will its 82nd mall in the country. In a disclosure to the Philippine Stock Exchange, the firm said “This new mall is set to...
GT Capital Holdings, Inc., the Ty family’s investment arm, posted a 72 percent jump in consolidated net income to P15 billion in the first nine months of 2022 from P8.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its core net income...
Investor sentiment in the local stock market is more upbeat and analysts expect share prices to continue climbing this week following positive economic data released last week and as more companies announced third quarter results. “So far, we’re seeing the bullish case for the local market...
Housing developer 8990 Holdings, Inc. posted a 15.93 percent improvement in net income to P6.29 billion in the first nine months of 2022 from P5.43 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said total revenues grew 10.93 percent to P17.03...
