The Financial Executives Institute of the Philippines Research and Development Foundation (FINEX Foundation) has decided to join other shareholders of the Philippine Dealing System Holdings Corporation (PDSHC) in selling its stake to the Philippine Stock Exchange (PSE). In a disclosure by the PSE,...
Okada Foundation Inc. President James Lorenzana has been named the new chairman of Ferronoux Holdings Inc. following the resignation of Michael Cosiquien for Themis Group Corporation to take over control of the company. In a disclosure to the Philippine Stock Exchange, Ferronoux said Abel Almario...
Tycoon Michael Cosiquien is exiting Ferronoux Holdings, Inc., handing the reins of the company to backdoor-lister Themis Group Corporation and in exchange for P297 million. In a disclosure to the Philippine Stock Exchange, Ferronoux said Cosiquien’s ISOC Holdings Inc. has notified the company...
Global Ferronickel Holdings, Inc. (FNI), a leading nickel ore producer in the Philippines, has decided to cancel plans to venture into steel processing which would have entailed the construction of a $50 million rebar steel rolling plant. In a disclosure to the Philippine Stock Exchange, the firm...
The Philippine Stock Exchange, Inc. (PSE) is set to reshape the country's capital markets with its acquisition of a controlling stake in the Philippine Dealing System Holdings Corporation (PDS). In a statement on Thursday, Dec. 26, the PSE announced that it had signed agreements to acquire a 61.92...
SM Prime Holdings, Inc. (SM Prime), one of Southeast Asia’s largest integrated property developers, received top accolades at the 2024 Energy Efficiency Excellence Awards and Sustainable Energy Awards organized by the Department of Energy (DOE). At the Energy Efficiency Excellence Awards, SM...
The Sy family’s SM Group is optimistic about the country’s economic growth prospects in 2025, despite challenges such as peso volatility and high inflation. In a statement, SM Investments Corporation (SMIC) President and Chief Executive Officer Frederic C. DyBuncio, said the group plans...
AyalaLand Logistics Holdings Corporation (ALLHC), a unit of Ayala Land Inc., has increased its total cold storage capacity to 20,000 pallet positions with the opening of a new facility in Pampanga. In a statement, the ALLHC said the company opened its fifth cold storage facility, Artico Mabalacat,...
The Ty family’s flagship GT Capital Holdings Inc. announced key leadership changes in its wholly-owned subsidiary Federal Land Inc., with Jose Mari H. Banzon taking the helm of the property development company starting next year. In a disclosure to the Philippine Stock Exchange, GT Capital said...
Renewable energy (RE) firm Alternergy Holdings Corporation announced that it has remitted its first annual dividend payment to the state pension fund, the Government Service Insurance System (GSIS). In a disclosure to the Philippine Stock Exchange on Thursday, Dec. 19, Alternergy said it paid...
The Sy family’s SM Prime Holdings Inc., a leading integrated property developer in Southeast Asia, plans to raise up to P25 billion from the issuance of triple-A-rated bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said Philippine Rating Services Corporation (PhilRatings)...
Themis Group Corporation is taking over control of Ferronoux Holdings Inc. from tycoon Michael Consiquien in a backdoor listing move via an additional subscription of shares and a swap for a P4.31 billion prime property beside Okada Manila. In a disclosure to the Philippine Stock Exchange,...
