SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is subjecting its P80-billion capital expenditure budget for 2021 to a quarterly review. During the firm’s annual stockholders’ meeting, SM Prime President Jeffrey Lim said the regular review was...
Global Ferronickel Holdings, Inc. (FNI), the second- largest nickel producer in the country, reported a 43 percent jump in net income to P1.86 billion last year from the P1.30 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said revenues were up 9.1 percent to...
AyalaLand Logistics Holdings Corporation (ALLHC) Group, a unit of property giant Ayala Land Inc., has acquired Technofreeze, a cold storage facility in Laguna. In a statement, ALLHC said Technofreeze has a proven track record of serving companies with diverse products such as processed meat...
Cirtek Holdings Philippines Corporation (“Cirtek”) (PSE: TECH) has recently embarked in programs to demonstrate its adherence to environmental, social and good governance (ESG) principles. Amid the increasing consciousness of companies to integrate ESG principles in their ways of doing...
Global Ferronickel Holdings, Inc. (FNI), the second-largest nickel producer in the country, is targeting to ship 6 million wet metric tons (WMT) of nickel ores this year on the back of expanded operations. This is higher than the 5.62 million WMT of nickel ores the company shipped in 2020, said FNI...
JG Summit Holdings, Inc., the highly-diversified flagship of the Gokongwei group, reported a 98 percent fall in core net income to P450 million last year mainly due to the losses of its airline and petrochemicals businesses during the pandemic. In a disclosure to the Philippine Stock Exchange, the...
GT Capital Holdings, Inc., the flagship of the Ty family, reported a 53 percent drop in core net income to P7.4 billion last year from the P15.8 billion earned in 2019. In a disclosure to the Philippine Stock Exchange, the firm said consolidated net income reached P6.5 billion last year, 68...
Listed firms AbaCore Capital Holdings, Inc. and Greenergy Holdings, Inc. are planning to jointly develop a Logistics and Food Terminal Complex in Barangay Santa Rita, Aplaya, Batangas City. Based on the Memorandum of Agreement (MOA) signed by Ala Eh Knit Inc., an affiliate of Abacore, and...
QualiMed Health Network, a member of the Ayala group of companies, reported that it has vaccinated over 1,400 of its healthcare worker population. The QualiMed Health Network, with hospitals in Sta. Rosa, Laguna, San Jose Del Monte, Bulacan, Tanauan, Batangas, and Iloilo City, Iloilo, are among the...
Metro Pacific Hospitals Holdings Inc. reported that it has vaccinated more than 13,000 healthcare workers in its 18 hospitals since the arrival of the first batches of the Sinovac and AstraZeneca vaccines in the Philippines in early March. The network’s three largest hospitals in terms of...
SM Investments Corporation (SMIC) is acquiring the 31.73 percentstake of Chelsea Logistics and Infrastructure Holdings Corporation in 2GO Group Inc., for about P6.64 billion, to gain control of the shipping and logistics firm. In a disclosure to the Philippine Stock Exchange, SMIC said...
Fruitas Holdings, Inc., the Philippines’ leading food and beverage kiosk operator, continues to aggressively expand its product breadth and community store network as its healthy products are seen to be in demand amid the surge in COVID-19 cases. In a disclosure to the Philippine Stock...
