Solid Cement Corporation, a subsidiary of Cemex Holding Philippines Inc. (CHP), is finally pushing through with its long delayed capacity expansion at higher cost of $323 million from the original $235 million in 2018. In a disclosure to the Philippine Stock Exchange, CHP said Solid will be...
Cemex Holdings Philippines Inc. (CHP) reported a 26 percent drop in net income to P726 million last year from the P985 million earned in 2020 mainly due to foreign exchange losses as well as the lower operating earnings in the fourth quarter. In a disclosure to the Philippine Stock Exchange, CHP...
Joint venture expected to build milestone developments that combine Filipino sensibility and Japanese efficiency As the world gradually recovers from the downturn caused by the health pandemic, new opportunities for growth, partnerships, and expansions are opening up for businesses that have not...
AyalaLand Logistics Holdings Corporation (ALLHC), the industrial arm of Ayala Land Inc., has acquired a warehouse facility in the Light Industry & Science Park III in Sto. Tomas, Batangas for P1.24 billion. In a disclosure to the Philippine Stock Exchange, ALLHC said it acquired the ready-built...
Two members of the Gokongwei group, Robinsons Land Corporation (RLC) and Robinsons Retail Holdings Inc. (RRHI), have made it to the 2022 Bloomberg Gender-Equality Index (GEI). RLC and RRHI comprise half of the only four listed companies in the Philippines included in this year’s roster, alongside...
The Gokongwei Group, through the Gokongwei Brothers Foundation (GBF), and its employees reached out to help thousands of victims of Typhoon Odette even though they themselves had also suffered damages. When the typhoon ravaged the country just a few days before Christmas, the Group’s employees...
Cirtek Holdings Philippines Corporation (CHPC) is planning to issue Commercial Papers (CPs) of up to P2.0 billion as it continues to raise funds from various sources for the expansion of its subsidiaries. Philippine Rating Services Corporation (PhilRatings) assigned Cirtek an Issuer Credit Rating...
Housing developer 8990 Holdings Inc. is planning a follow-on offering worth as much as P26.59 billion, consisting mostly of shares held by existing stockholders. In a statement, 8990 President and CEO Anthony Vincent Sotto said “the company views the follow-on offering as a re-IPO to re-introduce...
Housing developer 8990 Holdings, Inc. reported a 41 percent hike in gross revenues to a record P20 billion last year from the P14.2 billion generated in 2020. In a disclosure to the Philippine Stock Exchange, the firm said the milestone was achieved despite the twin challenges brought on by the...
The Philippine Stock Exchange has lifted the trading halt imposed on the shares of DITO CME Holdings Corporation after the firm provided additional information in relation to the deferment of its P8-billion stock rights offering. “In view of the foregoing, trading of DITO shares will resume on...
DITO Telecommunity claimed it remained a viable and sustainable business despite its majority shareholder, DITO Communications Media and Entertainment (DCME) deferment of an P8-billion stock rights offering (SRO) to fund the telco's expansion. DITO Telecommunity Chief Administrative Officer, Atty....
The Philippine Stock Exchange has halted the trading of DITO CME Holdings Corporation, the Udenna Group’s media, communications, entertainment and information technology (“IT”) subsidiary, pending the submission of a full and comprehensive disclosure on its unilateral move to defer its...
