PH Resorts Group Holdings Inc., the hotel and casino business unit of Davao tycoon Dennis A. Uy, continues to hold “strategic investor discussions with several parties” for partnerships in, or acquisition of, its integrated resorts while raising funds to meet its obligations. In a disclosure to...
Suntrust Resort Holdings Inc., a partnership between LET Group Holdings and Megaworld Corporation, reported that its net loss increased 15 percent to P477.56 million in the first nine months as it continues to spend for the development of its $1.1 billion resort and casino project in Parañaque....
Lopez Holdings Corporation, one of the investment arms of the Lopez family, reported seven percent dip in attributable net income to P4.83 billion for the first nine months of 2024 from the P5.21 billion earned in the same period last year. The firm disclosed to the Philippine Stock Exchange that...
Lance Gokongwei, President and CEO of JG Summit Holdings, Inc., is the recipient of the 2024 EY-Bank of Singapore Asean Entrepreneurial Excellence Award. Gokongwei is recognized for his exemplary leadership and significant contributions to the Southeast Asian business landscape. Businessman...
Cemex Holdings Philippines Inc. (CHP) has raised about P177 million ($3.01 million) from the sale of its wholly-owned, Barbados-registered reinsurance company to an affiliate of Cemex, S.A.B. de C.V. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it has signed a Share...
SM Prime Holdings, one of Southeast Asia's largest integrated property developers, is consolidating its residential business under the SM Residences brand, which will venture into both the luxury and low-cost housing markets. In a disclosure to the Philippine Stock Exchange (PSE), SM Prime...
GT Capital Holdings Inc., the investment arm of the Ty family, reported a six percent dip in consolidated net income to P21.7 billion for the first nine months of 2024 from P23.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that,...
JG Summit Holdings Inc. (JGS), the Gokongwei Group’s diversified conglomerate, posted a 16 percent year-on-year (YoY) improvement in net income to P17.9 billion for the first nine months of 2024. The firm said in a disclosure to the Philippine Stock Exchange (PSE) that higher earnings came on the...
SM Investments Corporation, the flagship of the Sy family, reported a nine percent growth in consolidated net income to P60.9 billion in the first nine months of 2024 from P55.9 billion in the same period last year on stronger earnings of its banking and property units. In a disclosure to the...
The Securities and Exchange Commission (SEC) reported that it has secured the conviction of the incorporators of Prosperous Infinite Holdings Phils. Corp. (PIHPC) and operators of Emgoldex Philippines for soliciting investments from the public without necessary license from the commission. In a...
Lucio Co-led The Keepers Holdings Inc., the largest imported liquor distribution in the Philippines, is planning to acquire 100 percent of premium beer importer Booze On-Line Inc. for an undisclosed amount. In a disclosure to the Philippine Stock Exchange (PSE), Keepers said the price is below 10...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a 10 percent increase in consolidated net income to P10 billion for the first nine months of 2024 from P9.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed...
