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...
KROMA Entertainment, a company backed by the Globe Telecom Group, recently launched its “tradigital” brand of entertainment combining the physical and virtual worlds via extended reality (xR) disguise. Unlike green screen execution, xR disguise is a more dynamic and intense production, allowing...
Villar Group plans 3 IPOs this year By James A. Loyola The Villar Group of Companies currently has three initial public offerings in the pipeline: VistaREIT (VREIT), The Coffee Project, and small power utility Siquijor Island Power Corporation (SIPCor). In an interview with media, Villar Group...
Emperador Inc., the largest global brandy company, reported a 35 percent growth in normalized (excluding non-recurring items) net profit to P10.8 billion last year from P8 billion. In a disclosure to the Philippine Stock Exchange, the firm said its normalized attributable net profit went up by 34...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, has listed its P30-billion fixed rate bond at the Philippine Dealing and Exchange Corp. The firm said its Series P, Q and R due in 2027, 2029 and 2032, respectively, is the fourth tranche of SM Prime’s...
AREIT, Inc., the Ayala Group’s Real Estate Investment Trust (REIT), has secured the approval of its stockholders on its second property-for-share swap worth P11.26 billion with its sponsor, Ayala Land, Inc. (ALI). Approved during AREIT’s Annual Stockholders’ Meeting on Thursday, Apr. 21, the...
