AyalaLand Logistics Holdings Corp. (ALLHC), a unit of property giant Ayala Land Inc., is expanding its cold storage capacity with the start of construction of ALogis Artico Consolacion in Cebu. Strategically located to meet the increasing demand for temperature-controlled facilities in the...
Razon-led firm Primelectric Holdings, Inc (PHI) has acquired the 70 percent majority stake in Bohol Light Company Inc. (BLCI), a power utility servicing Tagbiliran City that was divested by SPC Power Corporation, a company chaired by businessman Alfredo Henares. Following the shares unloading of...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is consolidating its food and agribusiness units held by Pilmico and Gold Coin Management Holdings Inc. into the unified corporate brand Aboitiz Foods. Pilmico is one of the leading flour and feed manufacturers and meat...
The Consunji family’s privately-held holding company Dacon Corporation is infusing P10 billion into DMCI Holdings Inc. via a private placement of convertible Class B preferred shares to fund the acquisition of the majority stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the...
DMCI Homes, the residential property development unit of DMCI Holdings Inc., reported that its joint venture with Marubeni Corporation generated P4 billion in reservation sales in just six months of operation. From its January 2024 launch until June this year, 343, or 29 percent of the 1,191...
When it comes to proper segregation of waste, every small action counts. This is what leading integrated property developer SM Prime Holdings, Inc. aims to promote through its #SMWasteFreeFuture program which it launched in June, in celebration of the World Environment Day. The program is...
The Securities and Exchange Commission (SEC) has approved the planned follow-on offering of Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation of shares worth up to P4.2 billion. In its meeting on August 15, the Commission En Banc resolved to render effective DITO’s registration...
Lopez Holdings Corporation reported a five percent improvement in attributable net income to P3.41 billion in the first half of 2024 from the P3.25 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its unaudited consolidated revenues...
Fruitas Holdings, Inc., the leading multi-format food and beverage store operator, reported record-breaking financial results for the first half of 2024, with net income rising 49 percent to P65 million. In a disclosure to the Philippine Stock Exchange, the firm said it achieved significant...
The Ty family’s conglomerate GT Capital Holdings, Inc. reported a 17 percent drop in consolidated net income to P13.8 billion in the first half of the year due to one-time gains in 2023. In a disclosure to the Philippine Stock Exchange, the firm said profits improved five percent if excluding the...
The Philippine Competition Commission has cleared the Consunji Group’s planned acquisition of a controlling stake in Cemex Holdings Philippines Inc. (CHP). In a disclosure to the Philippine Stock Exchange, the group said DMCI Holdings Inc., Dacon Corporation, and Semirara Mining and Power...
Cosco Capital Inc., the retail holding firm of billionaire Lucio L. Co, registered a 15.5 percent growth in its consolidated net income amounting to P6.97 billion in the first half of 2024 from P6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
