Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
GT Capital Holdings, Inc., the holding company of the family of Dr. George S.K. Ty, announced the appointment of Francisco C. Sebastian as chairman of the company’s Board of Directors as former Chairman Arthur V. Ty takes the back seat as director in a move to further professionalize the...
Diversified engineering conglomerate DMCI Holdings, Inc. reported a 165 percent surge in first quarter earnings from P4.3 billion in 2021 to this year’s P11.3 billion, its highest ever for any given quarter. In a disclosure to the Philippine Stock Exchange, the firm said its record-setting...
Bloomberry Resorts Corporation (BLOOM), the gaming firm of the country’s second richest man Enrique Razon Jr., is investing in the delayed Mactan and Clark casino project of Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR). In a disclosure to the Philippine Stock Exchange, Bloomberry said it...
Cosco Capital, Inc., the listed retail holding firm of Lucio L. Co, reported a 5 percent improvement in consolidated net income to P10.5 billion last year from P10 billion in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its 2021 earnings is also 13 percent better than the...
Ayala Land, Inc. subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Holdings I Philippines Pte. Ltd., the vehicle of FLOW Digital Infrastructure, have signed a framework agreement to develop carrier-neutral data centers across the Philippines. In a disclosure to the Philippine Stock...
Sugar and ethanol producer Roxas Holdings, Inc. (RHI) reported a lower net loss of P496 million in the first quarter of 2022 compared with the net loss of P574 million in the same period last year. “While the Group’s revenues were higher last year, these gains were adversely affected by the...
Robinsons Retail Holdings, Inc. (RRHI) reported a 24.8 percent growth in attributable net income to P1.2 billion in the first quarter of 2022 from P945 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said earnings per share increased at a faster clip...
AREIT, Inc. (AREIT), the first Philippine real estate investment trust, reported a 59 percent jump in net income to P796 million in the first quarter of 2022, excluding fair value change in investment properties. In a disclosure to the Philippine Stock Exchange, the firm said profit growth was...
DAVAO CITY, Davao del Sur--The declarations of support for the UniTeam tandem of presidential candidate Bongbong Marcos and his running mate Davao City Mayor Sara Duterte keep coming mere days before the elections. Vice presidential candidate Davao City Mayor Sara Duterte (Noel Pabalate/ MANILA...
Incumbent Quezon City Mayor Joy Belmonte on Thursday, May 5, thanked the Iglesia ni Cristo (INC) for supporting her re-election bid in the upcoming May 9 elections. “Lubos ko pong ikinagagalak ang karangalan na ako’y muling pagkatiwalaan ng Kapatiran ng Iglesia ni Cristo sa pamumuno ng...
CEBU CITY -- The influential Iglesia ni Cristo (INC) has once again endorsed the reelection bid of Cebu Fifth District Congressman Vincent Franco “Duke” Frasco. The INC has consistently endorsed the candidacy of Frasco. According to Frasco, it will be the sixth election that the INC endorsed...
