Funds managed by leading global investment firm KKR is investing a yet undisclosed amount in the Del Rosario’s PHINMA Education Holdings Inc., a leading private higher education group and the education arm of PHINMA Corporation. In a disclosure to the Philippine Stock Exchange (PSE), PHINMA said...
The Philippine Stock Exchange (PSE) has imposed an indefinite trading suspension on the shares of House Speaker Martin Romualdez’s Bright Kindle Resources & Investments Inc. (BKR) after it disclosed the planned P5 billion acquisition of a magnetite mining firm. The PSE said Bright Kindle...
Western Mindanao Power Corp. (WMPC), a diesel power plant in Zamboanga City expects to have its fuel supply run out in the next few weeks, which could cause potential blackouts in the area. In a statement made by Alcantara-led Alsons Power Group on Wednesday, May 22, the WMPC said it has already...
Eton Properties Philippine Inc., the domestic real estate arm of taipan Lucio Tan, is planning to launch two residential communities envisioned to be oases in an urban setting and introduce a new hotel brand in the next two to three years. Eton President and CEO Kyle C. Tan During the...
A subsidiary of Razon-led Prime Infrastructure Capital Inc. is joining the league of players that are out to dismantle the incumbency and dominance of franchised power utilities, as it also secured a license to offer supply and service as a retail electricity supplier (RES) in the restructured...
Unfazed by weak nickel ore prices, diversified engineering conglomerate DMCI Holdings Inc. is considering new acquisitions in the mining sector including coal, copper and gold assets in the next two to three years. DMCI Chairman and CEO Isidro A. Consunji During the firm’s annual stockholders’...
STI Holdings, owner of the largest network of private schools in the Philippines, almost doubled its net income to P1.1 billion for the first nine months of its fiscal year ending in June 2024, a 93 percent jump from the P579.3 million earned in the same period last year. In a disclosure to the...
The Philippine Stock Exchange (PSE) has approved the application of Roxas Holdings Inc. (RHI) for a nine-day voluntary suspension of the trading of its stocks following the planned takeover of young tycoon Leandro Leviste. In its letter to the PSE, RHI said it sought a trading suspension to avoid...
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...
Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores, reported a 56 percent jump in consolidated net income to P29.8 million in the first quarter of 2024 from the P19.2 million in the same period last year. In a disclosure to the Philippine Stock Exchange...
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...
Young billionaire Leandro Leviste’s Countryside Investments Holdings Corporation has signed a term sheet with tycoon Manuel V. Pangilinan to invest P5 billion for an initial 71.6 percent in Roxas Holdings Inc. Countryside’s investment will help Roxas Holdings service debt to avoid bankruptcy,...
