Cemex Holdings Philippines Inc. (CHP) is remaining neutral and is neither discouraging nor encouraging its shareholders to tender their shares in the P2.1 billion tender offer being made by its parent company Cemex Asian South East Corporation (CASEC). In a disclosure to the Philippine Stock...
STI Holdings reported a 299 percent surge in net income to P223.4 million for the first six months of its fiscal year (FY)ending June 30, 2023 from the P56 million earned during the same period in FY 2022. The company, which owns and operates one of the biggest networks of private schools in the...
Cemex Holdings Philippines Inc. (CHP) reported a consolidated net loss of P1.0 billion for 2022, 238 percent lower than its P725.5 million profit in 2021, mainly as a result of lower sales and foreign exchange losses. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated...
FWD Group Holdings announced the appointment of Antonio “Jumbing” De Rosas as president and chief executive officer of its Philippine unit. De Rosas will lead FWD Life Insurance Corp. (FWD Philippines) effective March 1, 2023, subject to relevant approvals, the Hong Kong-based parent firm said...
New cement industry player Century Peak Cement Manufacturing Corporation (CPCMC), a subsidiary of publicly-listed Century Peak Holdings Corporation (CPM), has started distribution to its first target markets in Visayas. In a disclosure to the Philippine Stock Exchange, the firm said it has begun...
Tycoon Enrique K. Razon’s Prime Infrastructure Inc. has agreed to restructure its partnership with Leandro Leviste’s Solar Philippines Power Project Holdings, Inc. (SP) that involves three joint venture companies. In a disclosure to the Philippine Stock Exchange, SP said it has entered into a...
Solar Philippines Power Project Holdings, Inc. (SP) is offering to purchase any shares from SP New Energy Corporation’s (SPNEC) Stock Rights Offering (SRO) that are not fully-paid to ensure its completion by March. In a disclosure to the Philippine Stock Exchange, SPNEC said it is committed to...
Global Ferronickel Holdings Inc. (FNI) is investing P192 million more to acquire an additional 24 percent shareholding in Mariveles Harbor Corporation (MHC) by March 10, 2023. In a disclosure to the Philippine Stock Exchange, FNI said that, after acquiring the additional stake from Seasia Logistics...
Sugar and ethanol producer Roxas Holdings, Inc. (RHI) reported a core net loss of P198 million for the first quarter of its fiscal year ending September 2023, slightly higher than its loss of P196 million for the same period last year. In a disclosure to the Philippine Stock Exchange, RHI Chairman...
The Power of Possibility When Jake Intia decided to switch careers and pursue franchising, little did he know that it would lead to a life-changing decision. As a ‘Frentrepreneur,’ or one of the franchise entrepreneurs under the House of Fruitas (HoF) group of brands, he found that the sky is...
Robinsons Retail Holdings, Inc., a member of the Gokongwei Group, reported a 26.7 percent growth in attributable net income to a record P5.7 billion last year from P4.53 billion in 2021. In the disclosure to the Philippine Stock Exchange, the firm said its 2022 earnings performance eclipsed the...
DMCI Holdings Inc. and subsidiary Semirara Mining and Power Corporation have been included as members of the prestigious 2023 Bloomberg Gender-Equality Index (GEI) for the third consecutive year. Bloomberg GEI is a modified market capitalization-weighted index that aims to track the performance of...
