The Consunji Group is entering the cement manufacturing industry through the acquisition of Cemex Asian South East Corp. (CASEC), the majority owner of listed Cemex Holdings Philippines Inc. (CHP), for $305.6 million.
DMCI Holdings Inc. of the Consunji family, along with its parent firm Dacon Corp. and Semirara Mining and Power Corp., signed a share purchase agreement Thursday with Cemex Asia B.V. to acquire its 42,140,266 common shares in CASEC.
“Cement...
Concepcion Industrial Corp. (CIC), a leading air-conditioning and refrigeration appliance manufacturer, said Wednesday it doubled its first-quarter net income to P186 million from a...
The Securities and Exchange Commission (SEC) said Wednesday it cancelled the license of Copperstone Lending, operator of online lending platforms Moca Moca and Pesobuffet,...
The growth in value of the most valuable Philippine brands echoes the positive sentiments of their nation’s economic outlook, according to a new report...
Mitsubishi Motor Philippines Company (MMPC) is eyeing a 15-percent sales growth in 2024 to 94,000 vehicles from 81,473 units in 2023.
MMPC vice president for...
