Cemex Holdings Philippines Inc. reported a drop in net income to P758.1 million for the first nine months of 2020 from P874.7 million in the same period last year, due to the negative impact of the COVID-19 pandemic on operating earnings. In a disclosure to the Philippine Stock Exchange,...
The University of the Philippines Men’s Basketball Team (UPMBT) got another shot-in-the-arm after renewing its partnership with staunch backer Januarius Holdings, Inc. and its subsidiary STATS Performance Apparel for the next two UAAP seasons. The company’s support has been instrumental in the...
Megawide Construction Corporation reported that its shareholder Citicore Holdings Investment Inc. has subscribed to 13.5 million of Megawide’s Series 3 preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said this serves as initial subscription for the increase in the...
Ayala-owned AC Energy Philippines (ACEN) has executed a new subscription agreement with subsidiary Ingrid Power Holdings Inc. for the parent firm to purchase specified number of shares; then the proceeds of that transaction will bankroll the first phase of the latter’s 300-megawatt Pililla...
DMCI Homes, the residential arm of DMCI Holdings, has completed the first two buildings of Oak Harbor Residences, the first project of its premium brand DMCI Homes Exclusive. Located along Jackson Avenue in Asiaworld, Parañaque City, the first luxury waterfront property at the resplendent Bay City...
PH Resorts Group Holdings, Inc., the gaming firm controlled by Dennis A. Uy, is asking for a voluntary trading halt of its shares while its follow-on offering is ongoing. In a letter to the Philippine Stock Exchange, the firm said it is requesting for a trading half of 10 trading days or from...
The Global Filipino Investors Inc. (TGFI), a group led by entrepreneur and housing tycoon Januario Jesus Atencio, is helping Filipinos take advantage of the capital market rut due to the pandemic in anticipation of an economic recovery. Januario Jesus Atencio TGFI is bringing together powerhouse...
The Philippine Stock Exchange (PSE) has approved the listing of the shares for the P1.13 billion follow-on offering of PH Resorts Group Holdings, Inc. (PHR), the Udenna Group’s gaming and hospitality subsidiary. “It’s all systems go. Despite the on-going COVID-19 pandemic we are playing...
There has been a changing of the guards at Lopez Holdings Corporation with the resignation of Chairman Emeritus Oscar M. Lopez and Vice Chairman Eugenio Lopez III for “personal reasons.” Oscar M. Lopez (left), and Eugenio Lopez III .( Photo credit:...
The Philippine peso is heading for its biggest quarterly gain in a decade and still has scope to appreciate due to positive fund flows, according to Credit Agricole SA and Nomura Holdings Inc. The local currency has now strengthened 4.6% this year, beating all its developing-nation counterparts...
Even in the midst of a pandemic, the employee-volunteers of First Gen Corporation had not passed up on a virtuous chance to raise thousands of pesos for a charity drive to help indigents in Batangas, part of the community hosting the company’s power projects. The platform they employed was a...
Ayala-owned AC Energy Philippines Inc. (ACEN) will be investing P250 million in its subsidiary firm Buendia Christiana Holdings Corporation (BCHC) via shares subscription arrangement. The company disclosed to the Philippine Stock Exchange (PSE) that it already signed a subscription agreement with...
