The Zobels’ Ayala Land Logistics Holdings Corporation (ALLHC) is seeking to ramp up its cold storage business as the industry is seen to grow by at least four times its current size because the need for food logistics in the country remains largely underserved. In a presentation during the...
The acquisition of Ling Nam and the continued expansion of its other brands resulted in a 48 percent jump in the first half net income of Fruitas Holdings Inc. (FRUIT), the leading food and beverage kiosk and community store operator. In a disclosure to the Philippine Stock Exchange, the firm said...
Strong performance from its power business has tempered the bigger loss suffered by its sister media company, resulting in a 31 percent growth in attributable net income for the Lopez Holdings Corp. In a disclosure to the Philippine Stock Exchange, the holding company of the Lopez...
Driven by its bank and automotive units, GT Capital Holdings Inc., the Ty family’s investment arm, doubled its net earnings in the first half of the year to P16.58 billion from P8.3 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said core net...
Former Finance Secretary Carlos G. Dominguez III has been tapped by the Ty family’s investment arm GT Capital Holdings Inc. as one of its independent directors. Dominguez’s election into the GT Capital Board of directors was announced by the conglomerate in a disclosure to the Philippine Stock...
Housing developer 8990 Holdings Inc. reported that its first half net income inched up 2.5 percent to P3.79 billion in 2023 from the P3.69 billion earned last year. In a disclosure to the Philippine Stock Exchange, the firm said gross revenues from January to June 2023 was also almost flat at...
The Gokongwei family’s flagship JG Summit Holdings Inc. (JGS) reported that its core net income soared nearly seven times to P9.5 billion in the first half of 2023 from the P1.4 billion it earned during the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Global Ferronickel Holdings, Inc., one of the country’s top nickel exporters, reported a 48 percent jump in consolidated net income to P625.3 million in the first half of 2023 from P417.4 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Diversified engineering conglomerate DMCI Holdings of the Consunji family reported a consolidated net income of P15.9 billion in the first semester, a 22 percent decrease from P20.3 billion last year due. In a disclosure to the Philippine Stock Exchange, the firm said this is due to lower...
The Professional Regulation Commission (PRC) Board of Electrical Engineering (BEE) and the Institute of Integrated Electrical Engineers of the Philippines (IIEE) awarded SM Prime Holdings, Inc. (SMPHI) Certificate of Compliance to RA 7920 or the Electrical Engineering Law. PRC...
Listed firm Alternergy Holdings Corporation (Alternergy) is well on its way into building up its renewable energy (RE) portfolio after winning three additional contracts from the State-managed Green Energy Auction-2 (GEA-2) program. The awarded project-contracts to be covered by 20-year power supply...
Solana Solar Alpha Inc. (Solana Solar), a subsidiary of Altenergy, has cemented a power supply agreement with Villar-led retail electricity supplier company Kratos RES Inc. Under the agreement, Solana Solar will supply Kratos RES with 10-megawatt and up to 20 MW of clean and renewable power from the...
