BACOLOD CITY – Filipino-Chinese business tycoon Hans T. Sy was warmly welcomed during the 20th Bacolaodiat Festival here on Thursday, Jan. 30. Sy, accompanied by his son Harvey and daughter Hanna Carinna during their visit at the Bacolod City Government Center, was named Honorary Mayor and...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, has announced the shutdown of its petrochemical business, JG Summit Olefins Corporation (JGSOC), due to substantial losses incurred amid challenging market conditions. In a statement, JGSOC said, "Given persisting unfavorable market...
The group of lenders led by the Bankers Association of the Philippines (BAP) is selling a smaller stake in Philippine Dealing System Holdings Corporation (PDSHC) to the Philippine Stock Exchange than the amount earlier targeted. In a disclosure, the PSE said that it has entered into a Share...
Philippine Airlines (PAL) creditors who accepted a debt-for-equity deal and a subsequent share swap will hopefully get to sell their stake in PAL Holdings Inc. at a substantial profit once the shares are listed on the Philippine Stock Exchange next week. In a notice issued by the Philippine Stock...
Global Ferronickel Holdings Inc.’s (FNI) operating arm in Palawan, Ipilan Nickel Corporation (INC), expects to increase exports after reporting an early start to nickel ore shipments to China this year. In a disclosure to the Philippine Stock Exchange, FNI said the MV Maple Unity left the INC...
Emerging nickel producer DMCI Mining Corporation, a member of the Consunji Group, is ramping up output and earnings as it triples the number of its operating mines to three this year, up from just one for most of 2024. In a disclosure to the Philippine Stock Exchange, the firm said it plans to...
DMCI Homes, the residential real estate unit of DMCI Holdings, is looking to hire over 1,000 skilled workers to build the P24 billion Kalea Heights, marking its expansion to Cebu City. In a statement, the firm said it is looking for construction workers, engineers, architects, accountants, sales...
Renewable energy firm Alternergy Holdings Corporation is taking steps to achieve its clean energy capacity goals by appointing two financial advisors for its capital raising program. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 20, Alternergy announced that it had engaged...
DMCI Holdings Inc., the flagship of the Consunji family, now expects its newly-acquired cement firm, Concreat Holdings Philippines Inc. (CHP), formerly Cemex Holdings Philippines Inc., to return to profitability in three years instead of the initially projected one year. In an interview, DMCI Chief...
The Philippine Stock Exchange (PSE) announced that AIA Philippines Life and General Insurance Company Inc. has agreed to sell its four percent stake in Philippine Dealing System Holdings Corporation (PDHSC). In a disclosure, the PSE said AIA is selling its 250,000 PDHSC shares for P150 million, or...
Renewable energy firm Alternergy Holdings Corp. announced that it has secured financing for its Balsik Solar Power Project in Hermosa, Bataan. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, Jan. 16, Alternergy said that its unit Solana Solar Alpha Inc. (SSAI) obtained a P1...
The Consunji Group’s DMCI Holdings Inc. may be shelving its plan to develop a new cement manufacturing plant on Semirara Island that would have utilized by-products from the coal mining operations of Semirara Mining and Power Corporation (SMPC). In an interview, DMCI Chief Finance Officer Herbert...
