MSCI Inc., a leading provider of critical decision support tools and services for the global investment community, is moving JG Summit Holdings Inc. and subsidiary Universal Robina Corporation from its large cap to the small cap index. Based on the results of the MSCI’s February 2025 Index...
SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, has signed an agreement with TeaM (Philippines) Energy Corporation (TPEC) for the installation of over 33,000 square meters of solar panels on the rooftops of four SM malls. In a disclosure to the Philippine Stock...
The Sy family’s flagship SM Investments Corporation (SMIC) expects to stay on its long-term growth trajectory, banking on the Philippines’ resilient consumption-led economy, synergies across its business segments, and strong consumer fundamentals. “The Philippine economy remains...
SM Prime Holdings Inc., the property development arm of Sy-led SM Investments Corporation, has set the interest rates for its ₱25 billion peso-denominated fixed rate bonds to be offered from Feb. 12 to Feb. 18, 2025. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the...
Robinsons Retail Holdings, Inc. reported that its attributable net income more than doubled to P10.27 billion last year from P4.1 billion in 2023 due to the one-time gain from the merger of Robinsons Bank into the Bank of the Philippine Islands booked in the first quarter. In a disclosure to the...
Sy-led SM Prime Holdings, Inc., one of Southeast Asia’s largest integrated property developers, is allocating up to ₱33 billion for capital expenditures this year to expand its recurring income portfolio. In a disclosure to the Philippine Stock Exchange, the company said this investment in its...
BACOLOD CITY – Filipino-Chinese business tycoon Hans T. Sy recently announced that the old Bacolod airport in Barangay Singcang-Airport here will be developed as an urban oasis. MAYOR Albee Benitez with Filipino-Chinese business tycoon Hans T. Sy, chairman of the executive committee of SM Prime...
Fruitas Holdings, Inc., a leading operator of multi-format food and beverage stores, is launching a ₱100-million share buyback program, demonstrating confidence in its prospects and aiming to enhance shareholder value. In a disclosure to the Philippine Stock Exchange, the company said its board...
BACOLOD CITY – Filipino-Chinese business tycoon Hans T. Sy was warmly welcomed during the 20th Bacolaodiat Festival here on Thursday, Jan. 30. Sy, accompanied by his son Harvey and daughter Hanna Carinna during their visit at the Bacolod City Government Center, was named Honorary Mayor and...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, has announced the shutdown of its petrochemical business, JG Summit Olefins Corporation (JGSOC), due to substantial losses incurred amid challenging market conditions. In a statement, JGSOC said, "Given persisting unfavorable market...
Emerging nickel producer DMCI Mining Corporation, a member of the Consunji Group, is ramping up output and earnings as it triples the number of its operating mines to three this year, up from just one for most of 2024. In a disclosure to the Philippine Stock Exchange, the firm said it plans to...
DMCI Homes, the residential real estate unit of DMCI Holdings, is looking to hire over 1,000 skilled workers to build the P24 billion Kalea Heights, marking its expansion to Cebu City. In a statement, the firm said it is looking for construction workers, engineers, architects, accountants, sales...
