spot_img
29.4 C
Philippines
Saturday, April 20, 2024

Corporate

Balai ni Fruitas acquires 40% interest in Sugarhouse

Balai ni Fruitas Inc., a leading Philippine counter service bakery operator owned by businessman Lester Yu has expanded its portfolio with the acquisition of a cake shop Sugarhouse. Balai ni Fruitas said Thursday in a disclosure to the stock exchange it signed an agreement to acquire the 40-year-old legacy brand and various assets related to the Sugarhouse. It did not disclose the value of the acquisition. Sugarhouse, which started in 1983...

Eastern allocates P1.15b for capex

Eastern Communications said Tuesday it earmarked P1.15 billion for 2024 capital expenditures...

Vista Land books 39% profit surge to over P10b

Vista Land & Lifescapes, Inc., the property arm of the Villar family,...

PetroEnergy’s net profit rises 9% to P944m amid stable operations

The Yuchengco Group’s listed energy arm PetroEnergy Resources Corp. (PERC) said Tuesday...

LATEST Corporate

LATEST

GSIS boosts stake in REIT unit of Gokongwei Group to 8.2%

State-pension fund Government Service Insurance System (GSIS) acquired 8.2-percent stake in RL Commercial REIT Inc. (RCR), the real estate investment trust company owned by...

Fruitas optimistic, opens more stores in 2024

Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores, recorded net income of P113 million in 2023, representing a 37-percent increase...

AbaCore’s earnings reached P2.4b in 2023

AbaCore Capital Holdings Inc. (ABA), a company with interests in real estate, tourism, finance and mining, reported a higher income in 2023 because of...

Liquor maker Emperador logged 10.5% profit decline to P8.64b in 2023

Emperador Inc., the global whiskey and brandy firm of billionaire Andrew Tan, booked a net income of P8.64 billion in 2023, down 10.5 percent...

PRINT EDITION

ADVERTISEMENT

spot_img