With the local stock market at bargain levels, Sy-led property developer SM Prime Holdings Inc. and tycoon Eusebio H. Tanco’s Asian Terminal Inc. (ATI) have decided to buy back their shares worth a total of P12 billion. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime said its...
PHINMA Education Holdings Inc., a subsidiary of the Del Rosario-led PHINMA Corporation, has acquired St. Jude College (SJC) Dasmariñas Cavite for P432 million. PHINMA said the acquisition marked its entry into the Cavite market and added 3,000 students to its network, further solidifying its...
Davao tycoon Dennis A. Uy may have found a new partner in the Yuchengco Group's construction affiliate, EEI Corporation, for the development of his Emerald Bay Resort and Casino Project in Mactan, Cebu. In a disclosure to the Philippine Stock Exchange (PSE), Emerald Bay owners PH Resorts Group...
SM Supermalls, a unit of SM Prime Holdings Inc., continues to expand its portfolio in China—particularly in Fujian Province—with the opening of two new malls in Xiamen and one in Fuzhou. In an interview, SM Supermalls President Steven Tan said that next year, they will complete the fourth...
Ferronoux Holdings Inc., a publicly listed shell company controlled by tycoon Michael C. Cosiquien, is in discussions with potential investors as it considers various options, including the sale of the company. In a disclosure to the Philippine Stock Exchange (PSE), the firm said, “We have been...
SM Supermalls, the retail leasing arm of SM Prime Holdings Inc., is set to open three new malls in the Philippines and redevelop at least 10 existing ones in 2025 as part of its ongoing expansion and upgrade strategy. In an interview, SM Supermalls President Steven Tan stated that the new malls...
Veteran banker Raul B. De Mesa, Chairman, President, and CEO of Abacore Capital Holdings Inc. and Director of Pacific Online Systems Corporation, has passed away at 81. In a disclosure to the Philippine Stock Exchange, Abacore stated, “His untimely departure has left an irreplaceable void in our...
Ayala Healthcare Holdings Inc. (AC Health), a member of the Zobel-led Ayala Group, is leading the private sector’s efforts to fight the HIV epidemic in the Philippines through a partnership with the US Agency for International Development (USAID). In a statement, the country’s oldest...
JG Summit Holdings Inc., the flagship of the Gokongwei family, reported that Lisa Gokongwei-Cheng has resigned as Chief Digital Officer of the company, effective Jan. 1 next year due to a leadership reorganization. In its disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corporation, and Dacon Corporation, has completed the acquisition of Cemex Asian South East Corporation (CASEC) for $272 million—lower than the earlier announced $305.6 million. In a disclosure to the Philippine Stock...
Del Rosario-led PHINMA Corporation is embarking on the simultaneous expansion of its core businesses after successfully raising P1 billion from its stock rights offering on top of a P4.5 billion cash infusion by global investment firm KKR into its education unit. During the listing ceremondy for...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings), the largest network of private schools in the Philippines, reported that its net income soared 1,233 percent to P263.2 million in the first quarter of its fiscal year ending June 2025. In a disclosure to the Philippine Stock Exchange...
