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Tag: Denise A. Valdez

Tiu-led firm proposes Manila tramway

BUSINESSMAN Antonio L. Tiu is seeking to build a tramway in Manila City, as his Greenergy Holdings, Inc. submitted an unsolicited proposal to the local government.

UHC presents opportunity for health care industry to innovate — Duque

HEALTH Secretary Francisco T. Duque III said changes dictated by the Universal Health Care (UHC) Law are an opportunity for private firms to innovate their offerings and drive down costs.

Shares decline on concerns over US-China deal

LOCAL SHARES dropped on Thursday due to drawbacks in the US-China trade talks, which stoked fears of the lack of an agreement by yearend.

Bourse to tighten delisting rules

THE PHILIPPINE STOCK EXCHANGE, Inc. (PSE) is preparing stricter rules for companies that want to delist, in order to protect minority shareholders.

ALI eyes over P100-B capex for 2020

AYALA LAND, Inc. (ALI) is looking to allocate over P100 billion for capital expenditures (capex) in 2020, of which about P15-20 billion will be financed through local debt.

Megaworld targets P2.5B in sales from upscale village in Cavite

MEGAWORLD Corp. is targeting to generate P2.5 billion in sales from its first upscale residential village in Cavite.

PSEi inches down on concerns over US-China talks

THE MAIN INDEX slid on Wednesday as negative sentiments hound investors due to the uncertainty of the trade talks between United States and China.

VLL partners with Mitsubishi to develop Manila condominium

VISTA LAND & Lifescapes, Inc. (VLL) is partnering with Japanese real estate developer Mitsubishi Estate Co., Ltd. to develop a mixed-use condominium in Taft Avenue, Manila.

Philippines is Radisson Hotel Group’s 3rd biggest market in Asia-Pacific

THE Philippines continues to be an important market for the Radisson Hotel Group, which is in the midst of a five-year plan to triple its footprint in Asia Pacific.

SEC warns public vs free ‘financial training’ seminars

THE Securities and Exchange Commission (SEC) is warning the public against a new investing scheme that operates under the guise of free training seminars on financial derivatives to lure people into buying securities.

Max’s Group, subsidiary sign DBP loan agreements

MAX’S GROUP, Inc. (MGI) and one of its subsidiaries are tapping loan facilities of the Development Bank of the Philippines (DBP) to raise a combined amount of P2 billion.

Bourse climb as Wall Street rises on trade talks

PHILIPPINE SHARES rebounded on Tuesday following Wall Street’s positive performance overnight amid developments in the Sino-US trade negotiations.

ICTSI’s P8.7-billion proposal for Iloilo ports moves forward

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has received notice from the country’s port regulator that its P8.7-billion proposal to develop Iloilo ports will now undergo evaluation.

Golden Bria nearly doubles profit in Q3

GOLDEN Bria Holdings, Inc. nearly doubled its profits in the third quarter as both its real estate and death care service business recorded higher revenues.

Vista Land bond issue secures top credit rating

VILLAR-LED Vista Land & Lifescapes, Inc.’s (VLL) planned P10-billion bond issuance received the top credit rating from a local debt watcher.

8990 Holdings sells P5 billion in receivables

LISTED property developer 8990 Holdings, Inc. has sold P5 billion worth of receivables to free up funds for new projects.

Stocks decline as markets watch US-China talks

SHARES continued to drop on Monday as investors stayed on the sidelines until further developments in the US-China trade talks.

Megawide takes interest in building commercial airport at Sangley Point

MEGAWIDE Construction Corp. is taking interest in the Cavite government’s plan to build a commercial airport at Sangley Point at the former US Navy station in the province, company officials said last week.

Toyota PHL parent does not expect Thai auto imports to fall

THE parent company of Toyota Motor Philippines Corp. (TMP) does not expect automotive imports from Thailand to decline, amid the trade department’s move to consider retaliatory measures on these as an offshoot of the two countries’ long-standing dispute over cigarette imports.

Gains in Sino-US trade talks seen to provide lift

LOCAL SHARES may trade higher early this week as investors can be expected to cheer signs of progress in Sino-US trade talks last Friday.

Regulator orders CMIC to take over brokerage

THE Capital Markets Integrity Corp. (CMIC) is set to take over the operations of embattled brokerage R&L Investments, Inc. upon the order of the Securities and Exchange Commission (SEC).

FDC profit rises 10% in Q3

FILINVEST Development Corp. (FDC) reported a 10% increase in profit during the third quarter as it saw double-digit growth in revenues from its residential, hospitality, banking and power businesses and an almost 200% increase in its sugar business.

Megawide earnings slump in 3rd quarter

EARNINGS of Megawide Construction Corp. plummeted 85% in the third quarter as it took a hit from higher interest rates that increased financing costs as well as delays in ongoing projects under its construction segment.

SMC posts flat earnings growth in Q3

SAN MIGUEL Corp. (SMC) saw flat earnings growth in the third quarter, as consolidated sales dropped 5% on lower contributions from Petron Corp.

Property developers post mixed results

LISTED property developers reported mixed results in the third quarter as Rockwell Land Corp. saw flat profit growth, while DoubleDragon Properties Corp.’s income soared 321%.

Main index ends flat on US-China negotiations

THE MAIN INDEX ended flat on Friday as investors continued to take cues from the trade negotiations between United States and China.

Ayala to invest $237M in Myanmar’s Yoma Group

AYALA CORP. (AC) is investing up to $237.5 million in Myanmar’s Yoma Group, marking the biggest investment by a Philippine company in Myanmar.

GT Capital doubles Q3 profit

EARNINGS of GT Capital Holdings, Inc. more than doubled in the third quarter due to a one-time gain from the redemption of shares in Property Company of Friends, Inc. (PCFI).

Jollibee to bring Tim Ho Wan chain to China

A SUBSIDIARY of Jollibee Foods Corp. (JFC) is forming a $13-million joint venture with Singapore’s Dim Sum Pte. Ltd. (DSPL) to bring the Tim Ho Wan brand in China.

Fruitas prices IPO at P1.68 per share

FRUITAS Holdings, Inc. on Thursday priced its initial public offering (IPO) at P1.68 each, the low-end of its indicative range.

Filinvest Land earnings dip in third quarter

PROFITS of Filinvest Land, Inc. (FLI) slipped 6% in the third quarter, weighed down by higher costs.

Stocks decline further on dovish Powell speech

THE MAIN INDEX failed to recover on Thursday as investors continued to react to developments outside the country.

DMCI nets P2.8 billion in Q3

DMCI Holdings, Inc. on Wednesday said it booked a net income of P2.8 billion in the third quarter, 47% higher year-on-year, which was attributed to “normalized coal operations” of Semirara Mining and Power Corp. (SMPC).

LT Group profit soars in Q3

LT Group, Inc.’s income soared 52% in the third quarter as its banking, beverage and property development businesses showed strong growth.

Cosco generates P11.46-B income in nine months

EARNINGS of Cosco Capital, Inc. shot up 193% during the January to September period, mainly due to the one-time gain from the sale of its liquefied petroleum gas (LPG) business.

Megaworld Q3 profit up 11%

MEGAWORLD Corp. recorded an 11% rise in earnings in the third quarter, as it sustained growth across its business segments.

CLI income surges to nearly P800 million in July-September period

CEBU Landmasters, Inc. (CLI) reported its net income attributable to parent company’s shareholders increased by 356% to P794.24 million in the third quarter from P174 million a year ago, on higher real estate sales and rental revenues.

PSEi drops below 8,000 on US-China trade talks

THE PHILIPPINE Stock Exchange index (PSEi) failed to stay above the 8,000 level yesterday as investors were alarmed on seemingly dwindling trade negotiations between United States and China.

Ayala Corp Q3 income rises 7%

AYALA CORP. (AC) saw a 7% increase in its earnings in the third quarter, driven by the sustained contributions of its banking and power units.

ALI invests P18 billion in Tarlac City estate

AYALA LAND, Inc. (ALI) is investing P18 billion to build a 290-hectare estate in Tarlac City.

Century Properties’ 9-month earnings hit P1.2 billion

EARNINGS of Century Properties Group, Inc. (CPG) surged 81% in the nine months to September due to the completion of projects.

Shang Properties earnings up 14% in July-Sept

SHANG Properties, Inc. increased its earnings by 14% during the third quarter on higher revenues.

Stocks end flat as market eyes US-China talks

THE MAIN INDEX was flat yesterday as investors waited on the sidelines for fresh developments in the US-China trade talks.

DoubleDragon seeks LEED Gold certification for Boracay hotel

DOUBLEDRAGON Properties Corp. is determined to secure a green certification for its hotel development in Boracay, as it tapped a sustainability consultant for its application for the Leadership in Energy and Environmental Design (LEED) Gold certification.

Global-Estate Resorts profit slips in 3rd quarter

EARNINGS of Global-Estate Resorts, Inc. (GERI) dipped 2% in the third quarter as its real estate sales slowed during the period.