AyalaLand Logistics Holdings Corp. (ALLHC) reported a 10 percent growth in net income to P702 million last year from P641 million in 2019 as operations of its industrial estates, logistics and office facilities continued amid the pandemic. In a disclosure to the Philippine Stock Exchange, ALLHC...
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
The Gokongwei flagship JG Summit Holdings Inc. (JGS) has invested $5 million to acquire a minority stake in Tyme, one of the world’s fastest-growing digital banks based in South Africa. In a disclosure to the Philippine Stock Exchange, JG Summit said Tyme is seeking to explore emerging...
Businessman Lucio Co is spinning off his liquor distribution businesses in Cosco Capital Inc. to another publicly-listed firm, Da Vinci Capital Holdings Inc. (DAVIN). In a disclosure to the Philippine Stock Exchange, Cosco said its Board of Directors has approved the acquisition of a controlling...
Trading at the stock market this week is seen to be volatile due to a confluence of factors including earnings reports from some blue chip companies. Photo credit: https://www.pse.com.ph “A shortened trading week (EDSA Revolution Anniversary on February 25) interspersed with earnings...
All Day Supermarket, a part of the Villar group’s AllValue retail ecosystem, is opening its first supermarket in Cebu on February 28, 2021 as part of the aggressive expansion of its store network across the country. The firm said its first branch that will open this year is located in Starmall...
Singapore-based Aleta Planet, a certified member of UnionPay International, is eyeing Greenergy Holdings, Inc. (GREEN) of agri-entrepreneur Antonio Tiu as partner for the issuance of virtual cards as well as cross-border money remittance services. Under the proposed collaboration, Aleta Planet will...
Robinsons Retail Holdings Inc. has expanded its e-commerce site gorobinsons.ph to include DIY format Handyman Do it Best and No Brand, a franchise from EMart of Korea. In a disclosure to the Philippine Stock Exchange, RRHI said that, with the inclusion of Handyman Do it Best on the platform,...
Cemex Holdings Philippines Inc. (CHP) reported a decline in consolidated net income to P985 million last year from P1.3 billion in 2019 due to the negative impact of the COVID-19 pandemic on cement prices and volumes. In a disclosure to the Philippine Stock Exchange, the firm said its...
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported a P18.0 billion consolidated net income for 2020 versus P38.1 billion in the previous year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
The Philippines’ nickel output declined in 2020 amid the COVID-19 pandemic, but thanks to higher global prices, its full-year export value went up to P25 billion. Citing data from Mines and Geosciences Bureau (MGB), Philippine Nickel Industry Association (PNIA) revealed that the country’s...
Theirs is an exceptional story of a family-led conglomerate that had to rise from the rubble – not just once, twice or thrice but maybe even more – that’s because of the wretch of politics often infringing on their businesses, be it in the power sector or in their television network. Oscar M....
