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Thursday, April 25, 2024

Corporate

Ayala expects to keep growth despite high interest rates

Property developer Ayala Land Inc. is optimistic on sustaining its growth momentum this year despite the high-interest-rate environment as it shifts its focus on developing more upscale residential and mall projects. ALI president Anna Ma. Margarita Dy said during the company’s annual stockholders meeting Thursday the current environment is affecting demand for housing projects catering to the middle-income group, the group’s core residential market. Dy said ALI is now planning to...

SMIC spending up to P114b to expand property, retail businesses

SM Investments Corp. (SMIC) of the Sy family said Wednesday it is...

OceanaGold lowers final IPO price to P13.33 a share

OceanaGold (Philippines) Inc. (OGPI) set the final offer price for its planned...

Air-con unit maker doubles profit amid hot weather

Concepcion Industrial Corp. (CIC), a leading air-conditioning and refrigeration appliance manufacturer, said...

LATEST Corporate

LATEST

Megawide’s core net income hits P269m as revenues rise 26%

Megawide Construction Corp. said Monday it posted a net income attributable to parent equity holder of P283.5 million in 2023, down 92 percent from...

AEV eyes more acquisitions to boost non-power business

Aboitiz Equity Ventures Inc. (AEV) said it will pursue acquisitions in line with its strategy to diversify its portfolio and increase the contribution of...

FLI set to launch P25-b residential projects in 2024

Filinvest Land Inc. (FLI), the property development arm of the Gotianun family, plans to launch P25 billion worth of residential projects this year to...

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...

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