Fruitas Holdings Inc., through wholly owned subsidiary Soykingdom Inc., is acquiring 100 percent of the 72-year old “legacy brand” Ling Nam’s restaurant business. In a disclosure to the Philippine Stock Exchange, Fruitas said the Board of Directors of Soykingdom has approved the acquisition...
Fridays Holdings, Inc. (FHI), a unit of publicly-listed Boulevard Holdings Inc. (BHI), has decided to renovate Fridays Boracay instead of immediately reopening amid the surge in arrival of domestic tourists. “We won't open up Fridays Boracay if BHI is just going to earn a run-of-the mill return...
The 2022 Annual Stockholders’ Meeting of TOP FRONTIER INVESTMENT HOLDINGS, INC. will be held on July 08, 2022 (Friday) at 2:00 p.m. Due to COVID-19 health concerns, the Company will not hold a physical meeting and will instead conduct the Meeting through remote communication. The proceedings will...
Mass housing developer 8990 Holdings Inc. is acquiring a controlling stake in Cebu-based affordable housing builder Piccadilly Premier Land Inc. for P88.28 million. In a disclosure to the Philippine Stock Exchange, 8990 said it has entered into an Investment Agreement with Piccadilly, RDAK Land,...
One of the flagship programs of SM Foundation, the corporate social responsibility arm of the SM group, is its scholarship program. Aside from the college education offerings, the program also provides venues for students who would like to pursue a career in the skilled labor industry. The gradual...
Diversified engineering conglomerate DMCI Holdings, Inc. is considering the merger of its two mining subsidiaries, Semirara Mining and Power Corporation and DMCI Mining, which are now highly profitable due to surging global prices. During the firm’s annual stocholders’ meeting, DMCI Chairman...
GT Capital Holdings, Inc. reported an 18 percent growth in core net income to P4.0 billion in the first quarter of 2022 from P3.4 billion during the same period last year largely propelled its bank and car companies' stronger earnings. In a disclosure to the Philippine Stock Exchange, the...
Empire East Land Holdings Inc., a subsidiary of Megaworld Corporation, reported a 16.4 percent drop in consolidated net profit to P178.7 million in the first quarter of 2022 from the P213.9 million posted in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
GT Capital Holdings, Inc., the holding company of the family of Dr. George S.K. Ty, announced the appointment of Francisco C. Sebastian as chairman of the company’s Board of Directors as former Chairman Arthur V. Ty takes the back seat as director in a move to further professionalize the...
Diversified engineering conglomerate DMCI Holdings, Inc. reported a 165 percent surge in first quarter earnings from P4.3 billion in 2021 to this year’s P11.3 billion, its highest ever for any given quarter. In a disclosure to the Philippine Stock Exchange, the firm said its record-setting...
Bloomberry Resorts Corporation (BLOOM), the gaming firm of the country’s second richest man Enrique Razon Jr., is investing in the delayed Mactan and Clark casino project of Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR). In a disclosure to the Philippine Stock Exchange, Bloomberry said it...
Cosco Capital, Inc., the listed retail holding firm of Lucio L. Co, reported a 5 percent improvement in consolidated net income to P10.5 billion last year from P10 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its 2021 earnings is also 13 percent better than the...
