Veteran banker Raul B. De Mesa, Chairman, President, and CEO of Abacore Capital Holdings Inc. and Director of Pacific Online Systems Corporation, has passed away at 81. In a disclosure to the Philippine Stock Exchange, Abacore stated, “His untimely departure has left an irreplaceable void in our...
Ayala Healthcare Holdings Inc. (AC Health), a member of the Zobel-led Ayala Group, is leading the private sector’s efforts to fight the HIV epidemic in the Philippines through a partnership with the US Agency for International Development (USAID). In a statement, the country’s oldest...
JG Summit Holdings Inc., the flagship of the Gokongwei family, reported that Lisa Gokongwei-Cheng has resigned as Chief Digital Officer of the company, effective Jan. 1 next year due to a leadership reorganization. In its disclosure to the Philippine Stock Exchange (PSE), the firm said...
The Consunji Group, through DMCI Holdings Inc., Semirara Mining and Power Corporation, and Dacon Corporation, has completed the acquisition of Cemex Asian South East Corporation (CASEC) for $272 million—lower than the earlier announced $305.6 million. In a disclosure to the Philippine Stock...
Del Rosario-led PHINMA Corporation is embarking on the simultaneous expansion of its core businesses after successfully raising P1 billion from its stock rights offering on top of a P4.5 billion cash infusion by global investment firm KKR into its education unit. During the listing ceremondy for...
Renewable power firm Alternergy Holdings Corporation announced that it will lease land from the Philippine National Railways (PNR) for the switching station of its Alabat Wind Power Project. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Nov. 26, Alternergy stated that its...
Tanco-led STI Education Systems Holdings Inc. (STI Holdings), the largest network of private schools in the Philippines, reported that its net income soared 1,233 percent to P263.2 million in the first quarter of its fiscal year ending June 2025. In a disclosure to the Philippine Stock Exchange...
JG Summit Holdings Inc., the flagship of the Gokongwei Group, is considering various options to reduce its exposure to the massive losses of its petrochemical business—including possible divestment. According to Abacus Securities Corporation, JG Summit "implied that all options are on the table"...
Photo Caption [left to right]: MORS Group CEO Shanggari Balakrishnan, SM Prime President Jeffrey Lim, ACES Awards Honorary Chairman Hemant Batra and MORS Group Vice President Luis Bueno Nieto SM Prime Holdings (SM Prime) President Jeffrey C. Lim was named the sole recipient of the...
The Philippine Stock Exchange (PSE) suspended trading of Greenergy Holdings Inc. (GREEN) shares for one hour, until 10:30 a.m. on Nov. 22, 2024, after the company disclosed stock subscriptions amounting to P1.55 billion. In a disclosure to the PSE, the firm said its Board of Directors approved...
Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, aims to grow revenue by opening more stores, particularly expanding high-growth businesses like neighborhood supermarkets, pet retail, and hard-discount stores. During the Philippine Stock Exchange's Strengthening Access and...
Fruitas Holdings Inc., a leading operator of multi-format food and beverage stores, is entering the roasted chicken segment with the acquisition of a controlling 60 percent stake in Mang Bok’s. In a disclosure to the Philippine Stock Exchange (PSE), Fruitas said this will be implemented through...
