SSI Group, the Tantoco family’s retail business holding company, continued to post record growth with net income rising 34 percent to hit an all-time high of P2.58 billion last year as consumer spending sustains its recovery. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, reported a 20 percent growth in net income to a record P30.3 billion despite higher inflation which pushed overall costs and expenses up. In a disclosure to the Philippine Stock Exchange (PSE, the...
The Antonio family’s Century Properties Group Inc. (CPG) reported a 32 percent growth in consolidated net income to P1.86 billion last year from the P1.40 billion earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its net income for 2023 is a 10-year high...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family has inaugurated and started the operation of its distribution center in Santa Rosa, Laguna as part of the retail firm’s Luzon growth initiative. In a disclosure to the Philippine Stock Exchange, the firm said the Metro Distribution...
LT Group Inc., a holding firm controlled by taipan Lucio Tan’s family, reported an almost flat attributable net income of P25.42 billion for 2023, a measly one percent higher than 2022’s P25.14 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its tobacco business...
SMIC expansion to focus more outside NCR By James A. Loyola The Sy family’s flagship SM Investments Corporation (SMIC) is increasing its focus on the countryside as it continues to see potential for regional development and targeted high growth sectors. In a statement, the firm said...
While its core banking, retail, and real estate businesses continue to generate huge profits, SM Investments Corporation (SMIC) is relying on its portfolio investments for future growth and to steadily increase its share in total earnings in the coming years. SMIC President and CEO Frederic C....
2GO Group Inc., the Philippines’ largest end-to-end transportation and logistics solutions provider and part of SM Group, has teamed up with the Department of Trade and Industry (DTI) to enable a community of online entrepreneurs in Central Luzon. Randy Zafra, 2GO Retail Operations Manager,...
Property developer Century Properties Group Inc. (CPG) has raised P2 billion from its follow-on offering of perpetual, cumulative, non-participating, non-voting, redeemable, non-convertible Series B Preferred Shares (CPGPB). “We are very pleased with the investors' reception of our issuance...
SM Investments Corporation’s (SMIC) transportation and logistics unit 2GO Group Inc. has signed an agreement with National University (NU) to provide maritime experiential on-the-job training for its tourism and hospitality students. In a statement, 2Go said this strategic alliance aims to...
The Philippine Stock Exchange (PSE) has approved the follow-on offering and listing of high-end real estate developer Century Properties Group Inc.’s (CPG) Series B Preferred Shares worth up to P4 billion, but it is lower than the initially planned P5 billion. PSE documents showed that the...
Century Properties Group Inc. (CPG) of the Antonio family has completed the first block of its P1 billion townhouses launched under its new premium, in-city brand Century Nuliv. In a statement, CPG said the project, NULIV Townvillas at Acqua, is located in Mandaluyong City, a bridge away from the...
