Cemex Holdings Philippines Inc. (CHP), one of the country’s largest cement makers, reported a 27 percent growth in net income to P261 million in the first quarter of 2022 from the P205 million posted in the same period last year. “We continue to adjust and adapt our operation to the challenging...
Max's Group, Inc. will be having their upcoming 2022 Annual Stockholder's Meeting this coming May 20, 2022.
Smart Communications, Inc. (Smart) is rallying behind long-time Smart ambassador Kai Sotto’s bid to become the first homegrown Filipino to be drafted in the NBA this June 23. The pledge of support comes after the 19-year-old former “Batang Gilas’ and member of the training pool of the Men’s...
The Insurance Commission (IC) has issued a new license to AIA Philippines Life and General Insurance Co., Inc. following its merger with Philam Equitable Life Assurance Co., Inc. (PELAC). In a statement, Insurance Commissioner Dennis B. Funa said on Thursday, April 28, that the IC needed to issue a...
Real estate giant Ayala Land Inc. is now ready to open new malls and pursue the construction of new ones as it becomes more optimistic that consumers are going out again as the economy reopens. ALI Chairman Fernando Zobel de Ayala during the firm’s annual stockholders’ meeting noted that...
Ayala Land Inc. has raised P3.47 billion from the sale of shares of AREIT Inc., its real estate investment trust, which it received from a property-for-share swap. In a disclosure to the Philippine Stock Exchange, ALI said it sold 87.37 million AREIT shares at a transaction price of P39.70 per...
Alliance Global Group, Inc. (AGI), the investment arm of tycoon Andrew Tan, more than doubled its net income to P23.8 billion last year from the P10.26 billion posted in 2020. In a disclosure to the Philippine Stock Exchange, the firm said its earnings were bolstered by the resurgence in activities...
Micro financial service provider, Cebuana Lhuillier and its social responsibility arm, Cebuana Lhuillier Foundation, Inc. (CLFI) launched its 100th Alternative Learning System-Community Learning Center (ALS-CLC) at Amai Pakpak Elementary School in Marawi City. “As part of its inclusion advocacy,...
Max’s Group, Inc. (MGI), the largest casual dining restaurant group in the Philippines, continues to pursue its international expansion with the opening of a Yellow Cab Pizza Co. branch in Houston, Texas USA. “MGI is proud to be a global exporter of beloved Filipino brands, giving our homegrown...
SM Prime Holdings Inc. reported that its Board of Directors has approved the declaration of cash dividends of P0.097 per share, amounting to P2.8 billion. In a disclosure to the Philippine Stock Exchange, the firm said all stockholders of record as of May 11, 2022 will be entitled to the dividend...
SM Prime Holdings Inc. is allotting a capital expenditure budget of P80 billion for this year to fund landbanking activities as well as the development of malls and residential projects. During the firm’s annual stockholders’ meeting, SM Prime President Jeffrey Lim said 20 percent of the capex...
MREIT, Inc., the real estate investment trust of Megaworld Corporation, has declared a cash dividend of P0.243 per share to its shareholders based on its income for the first quarter of 2022. In a disclosure to the Philippine Stock Exchange, the firm said the cash dividends will be payable on May...
