A former finance secretary has called on financial executives to utilize their expertise to ensure national resources are used to improve the lives of Filipinos, citing concerns over recent budget allocations. In a statement, Ramon R. del Rosario, Jr., PHINMA Corp. chairman and chief executive...
Del Rosario-led conglomerate PHINMA Corporation is shifting its focus to housing with the launch of two projects this year as it aims to replicate its success in the field of education by helping address the massive backlog in mass housing. During the Financial Executives Institute of the...
Del Rosario-led PHINMA Corporation (PHN) completed the acquisition of 100 percent of PHINMA Insurance Brokers Inc. (PIBI) from PHINMA Inc. for P150.53 million. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it bought all the 2.3 million PIBI shares of PHINMA. PIBI is the...
PHINMA Education Holdings Inc., a subsidiary of the Del Rosario-led PHINMA Corporation, has acquired St. Jude College (SJC) Dasmariñas Cavite for P432 million. PHINMA said the acquisition marked its entry into the Cavite market and added 3,000 students to its network, further solidifying its...
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...
Del Rosario-led PHINMA Corporation reported an 84 percent plunge in attributable net income to P122.73 million for the first nine months of 2024 from the P791.53 million earned in the same period last year due to huge non-operating expenses and losses of its property business. In a disclosure to...
Bacolod City’s dynamic and vibrant culture took center stage as PHINMA Properties launched its newest township, Saludad, reflecting the PHINMA Group’s commitment to making lives better by creating sustainable communities and spurring regional development. Showcasing the spirit of Negros through...
Del Rosario-led PHINMA Corporation has set the final offer price of its planned P1 billion stock rights offering (SRO) at P20.00 per share. In a disclosure to the Philippine Stock Exchange, the firm said it has also set the size of the offering at 50 million shares, and the entitlement ratio is...
Del Rosario-led PHINMA Corporation has secured the necessary approvals for its stock rights offering of up to P1 billion to better fuel its investment and expansion endeavors. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said the Securities and Exchange Commission (SEC) issued the...
PHINMA Properties, the real estate arm of the Del Rosario’s PHINMA Corporation, is investing P12 billion for the development of its township in Bacolod City called Saludad. In a disclosure to the Philippine Stock Exchange, the firm said it launched the township last October 19 to reveal its...
PHINMA Education Holdings, Inc., the private higher education unit of PHINMA Corporation, reported the completion of the initial investment of leading global investment firm KKR. According to PHINMA, The transaction, first announced in May 2024, has closed following the completion of the...
PHINMA Corporation, a conglomerate controlled by the Del Rosarios, plans to raise up to P1 billion from a stock rights offering (SRO) in the fourth quarter of this year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors approved the planned SRO at its...
