Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. has set a new dividend policy while announcing cash dividends amounting to P1.41 billion. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its Board of Directors has laid a new dividend policy with at least 20 percent...
Two firms controlled by tycoon Lucio Co, Puregold Price Club Inc. and The Keepers Holdings Inc., have declared cash dividends with a combined value of P3.91 billion. In a disclosure to the Philippine Stock Exchange (PSE), Puregold said its Board of Directors has announced a 30 percent payout ratio...
Taipan Lucio Tan’s investment holding company LT Group Inc. (LTG) reported a six percent dip in attributable net income to P19.25 billion for the first nine months of 2023 from the P20.41 billion earned in the same period last year due to a drop in profits from its tobacco business. In a...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a modest 4.8 percent improvement in consolidated net income to P9.1 billion in the first nine months of 2023 from the P8.7 billion earned a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The Philippine National Bank (PNB) announced that taipan Dr. Lucio C. Tan has moved up as its Chairman Emeritus while his wife and Director Carmen K. Tan will join the bank’s Advisory Board. PNB Chairman Emeritus Dr. Lucio C. Tan In a disclosure to the Philippine Stock Exchange (PSE), the bank...
Three months after Lucio Tan III took the helm as president of PAL Holdings Inc. (PHI), the parent company of the country’s premier flag carrier Philippine Airlines (PAL), he reinstated key management positions in a swift move to build a corporate structure that strengthens the airline’s...
Lucio Tan’s aviation services unit MacroAsia Corporation reported that its consolidated net income soared 667 percent to P382.2 million for the first half of 2023 from the P49.8 million earned the same period in 2022 on the back of revenge travel. In a disclosure to the Philippine Stock Exchange,...
Taipan Lucio Tan’s investment arm LT Group Inc. reported a 16 percent drop in attributable net income for the first half of 2023 to P13 billion from the P15.40 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its tobacco business...
Tanduay Distillers Inc. reported that its business continued to grow in 2022 as it improved its operations and distribution to increase market share and venture into new markets overseas. “With the help of the management and marketing teams, we were able to bring Tanduay to more people. Our...
Tanduay Distillers Inc. has partnered with Weisshaus, a leading distributor of international spirits, to bring the brand to Austria, making it the first Asian rum brand to enter the country. In a statement issued by Tanduay, Weisshaus Managing Director Andreas Osler said they see Tanduay’s...
But first New Year greetings from eight of the icons of the Philippine private sector (Cover design by Jovanni Bernasol) In the OCTA Research-organized, Tugon ng Masa (TNM) National Survey conducted between Oct. 23 and 27, 2022 through face-to-face interviews with 1,200 male and female Filipinos 18...
Retail tycoon Lucio Co is selling another personal investment to one of his publicly-listed corporations. In a brief disclosure to the Philippine Stock Exchange, Puregold Price Club said it is acquiring 100 percent of the Co family’s PSMT Philippines Inc. for P112.5 million. “The Board of...
