Stonebridge buys 9% of RCI, Leviste increases stake to 10%
STONEBRIDGE Corp. has acquired a 9% stake in listed company Roxas and Co., Inc. (RCI) for P500 million.
Stonebridge bought 250 million treasury shares, equivalent...
APEX Mining reports 55% rise in Q1 income
APEX Mining Co., Inc. announced on Tuesday that it earned a net income of P852.8 million in the first quarter (Q1), up 55% from...
Balai ni Fruitas completes acquisition of Sugarhouse
LISTED Balai ni Fruitas, Inc. said it has completed the acquisition of the Sugarhouse brand from Golden Spatula Corp., marking the company’s entry into...
Metro Pacific Health adds 10th hospital to Metro Manila network
METRO PACIFIC Health Corp. (MPH) has acquired a majority shareholding in UHBI-Parañaque Doctors Hospital, Inc. (PDH), marking the company’s 10th hospital in Metro Manila.
PDH...
How PSEi member stocks performed — May 7, 2024
Here’s a quick glance at how PSEi stocks fared on Tuesday, May 7, 2024.
ICTSI profit up 35.7% on strength of int’l portfolio
RAZON-LED International Container Terminal Services, Inc. (ICTSI) saw its attributable net income climb by 35.7% to $209.88 million for the first quarter (Q1), boosted...
SM Prime net income jumps 11% to P10.5 billion
SY-LED property developer SM Prime Holdings, Inc. said its consolidated net income grew by 11% to P10.5 billion for the first quarter (Q1) from...
AboitizPower profit climbs to P7.9 billion in Q1
ABOITIZ Power Corp. (AboitizPower) announced on Monday that its net income increased by 4% to P7.9 billion for the first quarter from P7.5 billion...
SMPC income down 28% on weaker market prices
SEMIRARA Mining and Power Corp. (SMPC) posted an attributable net income of P6.54 billion for the first quarter, down by 28% from the previous...
EEI board clears creation of new subsidiary
EEI Corp. said its board of directors has approved the establishment of a new subsidiary and the subscription to shares worth P500 million.
In a...
Wilcon Depot profit drops 23.1% to P740M
LISTED home improvement and finishing construction supply retailer Wilcon Depot, Inc. recorded a 23.1% decline in its first quarter net income to P740 million...
More retailers seen to occupy transit-oriented spaces
COLLIERS Philippines said it expects an increase in retailers occupying transit-oriented retail spaces due to the rise in public transport infrastructure projects.
“A lot of...