DMCI Holdings Inc., the flagship of the Consunji family, now expects its newly-acquired cement firm, Concreat Holdings Philippines Inc. (CHP), formerly Cemex Holdings Philippines Inc., to return to profitability in three years instead of the initially projected one year. In an interview, DMCI Chief...
The Consunji Group’s DMCI Holdings Inc. may be shelving its plan to develop a new cement manufacturing plant on Semirara Island that would have utilized by-products from the coal mining operations of Semirara Mining and Power Corporation (SMPC). In an interview, DMCI Chief Finance Officer Herbert...
Okada Foundation Inc. President James Lorenzana has been named the new chairman of Ferronoux Holdings Inc. following the resignation of Michael Cosiquien for Themis Group Corporation to take over control of the company. In a disclosure to the Philippine Stock Exchange, Ferronoux said Abel Almario...
Tycoon Michael Cosiquien is exiting Ferronoux Holdings, Inc., handing the reins of the company to backdoor-lister Themis Group Corporation and in exchange for P297 million. In a disclosure to the Philippine Stock Exchange, Ferronoux said Cosiquien’s ISOC Holdings Inc. has notified the company...
The Sy family’s SM Group is optimistic about the country’s economic growth prospects in 2025, despite challenges such as peso volatility and high inflation. In a statement, SM Investments Corporation (SMIC) President and Chief Executive Officer Frederic C. DyBuncio, said the group plans...
The Ty family’s flagship GT Capital Holdings Inc. announced key leadership changes in its wholly-owned subsidiary Federal Land Inc., with Jose Mari H. Banzon taking the helm of the property development company starting next year. In a disclosure to the Philippine Stock Exchange, GT Capital said...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, plans to raise up to P25 billion from the issuance of triple-A-rated bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Philippine Rating Services Corporation (PhilRatings)...
Themis Group Corporation is taking over control of Ferronoux Holdings Inc. from tycoon Michael Consiquien in a backdoor listing move via an additional subscription of shares and a swap for a P4.31 billion prime property beside Okada Manila. In a disclosure to the Philippine Stock Exchange,...
Zobel-led Ayala Corporation, the country's oldest conglomerate, has secured a €50 million (P3.1 billion) social loan from leading European bank ING to support the portfolio growth of Ayala Healthcare Holdings Inc. (AC Health). In a statement, Ayala said, "this social loan from ING comes at an...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is planning a temporary shutdown of its petrochemical business in the hope of reducing its operational losses. “Management noted that the petrochemical industry continues to face significant challenges, marked by continued softness in...
Ferronoux Holdings Inc., a publicly listed shell company controlled by tycoon Michael C. Cosiquien, will be venturing into real estate development—particularly hotels and resorts, following the entry of Themis Group Corporation as a strategic investor. In a disclosure to the Philippine Stock...
Ferronoux Holdings Inc., a publicly listed shell company controlled by tycoon Michael C. Cosiquien, has sold a 23.4 percent stake to Themis Group Corporation, represented by lawyers. In a disclosure to the Philippine Stock Exchange (PSE), Ferronoux said its board of directors approved a private...
