Golden MV Holdings Inc., a publicly-listed firm controlled by richest Filipino Manuel B. Villar Jr., reported a 16 percent growth in net income to P549.9 million in the first quarter of 2024 from the P473.0 million recorded in the first three months of 2023. In a disclosure to the Philippine Stock...
Renewable power pioneer Alternergy Holdings Corp. announced that the Tanay wind power project has received P8 billion in financing. Alternergy’s wholly-owned subsidiary, Altenergy Tanay Wind Corp. (ATWC) said it secured a loan to construct the 112-megawatt (MW) power project in Rizal province....
Logistics and remittance firm LBC Express Holdings Inc. reported a P12.34 million net loss for the first three months of 2024 from a net income of P209.78 million in the same period last year mainly due to the increase in non-operating charges. In a disclosure to the Philippine Stock Exchange, the...
Cement manufacturer Cemex Holdings Philippines Inc. (CHP) reported that its net loss almost tripled to P917.8 million in the first quarter of 2024 from the P335.5-million loss incurred in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its revenues for the...
The Securities and Exchange Commission (SEC) has approved the shelf registration of SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, for up to P100 billion of fixed-rate bonds and an initial offering worth up to P25 billion. In its meeting on May 23, the...
Funds managed by leading global investment firm KKR is investing a yet undisclosed amount in the Del Rosario’s PHINMA Education Holdings Inc., a leading private higher education group and the education arm of PHINMA Corporation. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said...
Unfazed by weak nickel ore prices, diversified engineering conglomerate DMCI Holdings Inc. is considering new acquisitions in the mining sector including coal, copper and gold assets in the next two to three years. DMCI Chairman and CEO Isidro A. Consunji During the firm’s annual stockholders’...
STI Holdings, owner of the largest network of private schools in the Philippines, almost doubled its net income to P1.1 billion for the first nine months of its fiscal year ending in June 2024, a 93 percent jump from the P579.3 million earned in the same period last year. In a disclosure to the...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores, reported a 56 percent jump in consolidated net income to P29.8 million in the first quarter of 2024 from the P19.2 million in the same period last year. In a disclosure to the Philippine Stock Exchange...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
SM Supermalls President Steven Tan, SM Engineering Design and Development President Hans Sy Jr., Caloocan City Mayor Dale Gonzalo "Along" Malapitan, Diocese of Novaliches Bishop Roberto Qrendain Gaa, Vice Mayor Karina Teh, and SM Food Retail Executive Director Hendrik Sy SM City Caloocan officially...
