Tycoon Andrew Tan’s Travellers International Hotel Group (TIHGI), owner and operator of Newport World Resorts (NWR), has named Laurence Hawke as its new Chief Financial Officer effective July 2024. In a statement, TIHGI said Hawke joins the Philippines’ pioneer and largest integrated resort’s...
Tycoon Andrew Tan’s firstborn Kevin Andrew L. Tan has been named president of their holding company Alliance Global Group Inc. (AGI) following the retirement of Kingson U. Sian from leadership roles in AGI, Megaworld Corporation, and Travellers International Hotel Group (TIHGI). Former AGI and...
Upscale retailer SSI Group Inc. of the Tantoco family reported a 21.1 percent drop in net income to P359.8 million in the first quarter of 2024 from the P456 million earned during the same period last year due to higher marketing expenses amid weaker demand. In a disclosure to the Philippine Stock...
Max’s Group Inc., owner of several casual dining brands, reported a 43 percent drop in net income to P44 million in the first quarter of 2024 from P77 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said “despite the challenging economic...
Metro Retail Stores Group Inc. (MRSGI) of Cebu’s Gaisano family registered a 16 percent decline in net income to P50.3 million in the first quarter of 2024 from P60 million of the same period a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm attributed the lower...
The Figaro Coffee Group (FCG), a leader in the Philippine food and beverage sector, is allotting about P1 billion for the opening of 70 to 80 new stores this year as it aims to expand its footprint in Visayas and Mindanao. FCG Chairman Justin Liu In an interview, FCG Chairman Justin Liu said the...
Tycoon Andrew Tan’s holding company Alliance Global Group Inc. is infusing P2.61 billion into property development subsidiary Megaworld Corporation through subscription of new shares. In a disclosure to the Philippine Stock Exchange, AGI said its Board of Directors has approved the subscription...
Century Properties Group Inc. (CPG) maintained its strong performance in the first quarter of 2024 with a 35 percent growth in consolidated net income to P410 million from the P302 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues...
Tycoon Andrew Tan’s holdings company Alliance Global Group Inc. reported an 10.6 percent decline in attributable net income to P4.2 billion in the first quarter of 2024 from the P4.7 billion earned in the same period last year. In its presentation to stock analysts disclosed to the Philippine...
LT Group, Inc.(LTG), the investment arm of taipan Lucio Tan, reported a one percent improvement in attributable net income to P6.42 billion for the first quarter of 2024 from the P6.38 billion registered in the same period last year. The firm’s disclosure to the Philippine Stock Exchange showed...
Tycoon Andrew Tan’s Megaworld Corporation, the country’s leading township developer, posted a 10 percent improvement in net income to P5.02 billion during the first quarter of 2024 from the P4.56 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
While optimistic that its business remains on strong footing, taipan Lucio Tan’s LT Group is also being cautious as interest rates remain high while inflation is rising. “We are excited about the future. Our fundamentals are solid. While we are cautiously optimistic about the macroeconomic...
