Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, reported a 12 percent increase in consolidated net income to P33.9 billion in the first three quarters of 2024 from P30.1 billion in the same period last year. In a disclosure to the Philippine Stock Exchange...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
Renewable energy firm Alternergy Holdings Corporation announced the acquisition of three offshore wind power projects in Tablas, Romblon. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 8, Alternergy said that its wind sub-holding, Alternergy Wind Holdings Corp. (AWHC), obtained...
SM Prime Holdings Inc., the property arm of the SM Group, has achieved LEED Gold certification for seven of its properties as of 2024. In a statement, the firm said it continues to pursue green certification for its other properties to address climate change and enhance disaster resilience. The...
Global Ferronickel Holdings Inc. (FNI), a leading nickel ore producer in the Philippines, reported a 67.6 percent drop in attributable net income to P502.6 million in the first nine months of 2024 due to lower nickel prices. In a disclosure to the Philippine Stock Exchange (PSE), the firm said this...
Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
To help areas struck by the Severe Tropical Storm “Kristine”, Lopez-led FP Island Energy Corporation has provided uninterrupted power supply through its microgrid system in Camarines Sur. In a statement, the firm said around 600 residents in a remote island barangay in the town of Caramoan have...
AyalaLand Logistics Holdings Corp. (ALLHC), an Ayala Land, Inc. (ALI) subsidiary, reported a 75 percent jump in consolidated net income to P618 million in the first nine months of 2024 from the P354 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Watsons Philippines aims to achieve its goal of opening 80 more stores in the country this year as the brand celebrated the opening of its 8,000th store worldwide. During a media discussion on Monday, Nov. 4, Watsons announced that its 8,000th store (worldwide) has opened in SM Mall of Asia in...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is increasing its capital expenditures to P100 billion to P110 billion next year as it continues to expand its core businesses. “Actually, our forecast (capex) for this year is P100 billion but I...
Sy-led SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, is expecting to register record profits this year even as it takes its time to decide when to launch its $1 billion real estate investment trust (REIT) initial public offering. In an interview, SM Prime...
Renewable energy (RE) firm Alternergy Holdings Corporation announced that the Department of Energy (DOE) approved its request to increase the registered capacity of the Tanay Wind Power Project. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 30, Alternergy said the DOE...
