The Po and Gokongwei families have beefed up their stakes in Shakey’s Pizza Asia Ventures Inc. (PIZZA), one of the leading food service groups in the Philippines, by buying out the stake of Singapore’s sovereign wealth fund GIC for P2.69 billion. In a disclosure to the Philippine Stock Exchange...
STI Holdings, one of the biggest networks of private schools in the Philippines, more than doubled its net income to P873.8 million for the fiscal year ending June 30, 2023, from the previous year's P416.2 million. In its annual disclosure to the Philippine Stock Exchange (PSE), the company said...
State-run Government Service Insurance System (GSIS) has invested in publicly listed Alternergy Holdings Corp., a renewable power pioneer known for its profitability and clean energy vision. In a statement on Tuesday, Nov. 7, the pension fund for government workers said a total of P1.45 billion was...
The Sy siblings' SM Prime Holdings Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, posted a 37 percent jump in net income to P30.1 billion in the first nine months of 2023 from the P22.0 billion earned in the same period last year. In a disclosure to the...
Consunji-owned DMCI Holdings reported a 28 percent drop in net income to P20 billion for the first nine months of 2023 from P27.6 billion in the same period last year due to normalizing coal and nickel prices. In a disclosure to the Philippine Stock Exchange (PSE), the firm’s revenues also...
AyalaLand Logistics Holdings Corp.'s (ALLHC), an Ayala Land Inc. subsidiary, reported that its net income dropped by 37 percent to P354 million in the first nine months of this year from P565 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), ALLHC’s...
Cemex Holdings Corporation Inc. (CHP) widened its net loss to P1.2 billion in the first nine months of 2023 from its previous loss of P819 million in the same period in 2022 due to lower operating earnings. In a disclosure to the Philippine Stock Exchange (PSE), CHP recorded a net loss of...
Robinsons Retail Holdings Inc. reported a modest four percent increase in its net earnings to P3.8 billion in the first nine months of 2023 from P3.6 billion in the same period in 2022 as the company remains resilient amid the impact of inflation on consumer spending. In a disclosure to the...
Renewable power pioneer and publicly listed Alternergy Holdings Corp. said it will develop a wind farm on the island of Alabat, Quezon. In a statement, Alternergy said the Provincial Development Council (PDC) of Quezon Province approved the construction of Alabat Wind Power, a renewable project....
From left: Bacolod City Legal Officer, Atty. Romeo Carlos M. Ting, Jr.; Hon. Alfredo Abelarde B. Benitez, Bacolod City Mayor; and Steven Tan, President, SM Supermalls sign the contract for the Manokan Country Redevelopment Project. SM Prime Holdings, Inc. yesterday turned over P131.89 million to...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has bagged the Five Golden Arrow Award from the Institute of Corporate Directors (ICD) at the ASEAN Corporate Governance Scorecard (ACGS) Golden Arrow Recognition. The Golden Arrow Recognition is given to...
The Singapore-based holding firm of Atlantic, Gulf & Pacific Company (AG&P) has reshuffled its top management after the departure of its former Chief Executive Joseph Sigelman, following an internal investigation due to alleged mismanagement concerns in the company. AG&P announced that...
