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Thursday, April 25, 2024

Corporate

SMIC spending up to P114b to expand property, retail businesses

SM Investments Corp. (SMIC) of the Sy family said Wednesday it is spending between P110 billion and P115 billion this year primarily to support the expansion of its property and retail businesses. SMIC senior vice president for finance Franklin Gomez said in a news briefing following the company’s annual stockholders meeting said the 2024 capital expenditures would be higher than P80 billion thje group spent in 2023. Gomez said the group...

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...

SEC revokes permit of Copperstone

The Securities and Exchange Commission (SEC) said Wednesday it cancelled the license...

LATEST Corporate

LATEST

Filinvest REIT bares latest cash dividend

Filinvest REIT Corp. declared a third quarterly cash dividend, bringing total dividends to P0.336 per share or equivalent to an annualized dividend yield of...

PAL, Airbus agree to add seats, redo cabin of 15 aircraft

Philippine Airlines said Friday it signed an agreement with Airbus for cabin modification and to expand the material services program for its Airbus fleet. The...

Bakery chain of Fruitas Holdings files application for P309-million IPO

Balai ni Fruitas Inc., the bakery chain of listed Fruitas Holdings Inc., plans to raise up to P309 million from an initial public offering...

San Miguel prices P30-billion retail offering

Diversified conglomerate San Miguel Corp. pegged the interest rates for its P30-billion retail bond offering. San Miguel said in a disclosure to the stock exchange...

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