Metro Retail Stores Group, Inc. (MRSGI) of Cebu’s Gaisano family expanded into the home furnishing and hardware business with the opening of its first Metro Home Improvement store at Marquee Mall, Angeles. In a disclosure to the Philippine Stock Exchange, the firm said this addition marks a...
Mitsubishi UFJ Financial Group (MUFG) and Ayala Corporation are acquiring fresh stakes in Globe Fintech Innovations, Inc. (Mynt), in a deal that more than doubled the valuation of the parent company of GCash to $5 billion (P286.4 billion) from $2 billion in 2021. In disclosures to the Philippine...
Angel’s Pizza, the fastest-growing pizza chain of the Figaro Coffee Group, reported P1.2 billion in sales on GrabFood during the first half of 2024, with over 925 thousand transactions, up 63 percent from the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Alliance Global Group Inc. (AGI), the investment arm of tycoon Dr. Andrew Tan, expects its fast food, malls, and hotels businesses to post the strongest growth this year as consumer spending remains high. AGI President and CEO Kevin Andrew L. Tan During the firm’s annual stockholders’ meeting...
Century Properties Group Inc. (CPG), through its wholly-owned affordable housing subsidiary PHirst Park Homes, is planning to aggressively launch 35 projects over the next five years as the Philippine housing backlog remains huge. During the CPG annual stockholders’ meeting, PHirst Park President...
Antonio-led Century Properties Group Incorporated (CPGI) is developing its first mid-rise residential development at Azure North in San Fernando, Pampanga, as it nears the completion of the P1 billion high-rise condominium, Barbados Tower. In a statement, CPGI said it would introduce the mid-rise...
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...
