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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

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Shakey’s introduces plant-based pizza

Shakey’s Pizza Asia Ventures Inc., a leading full-service restaurant chain in the Philippines, launched a 100-percent plant-based pizza.Shakey’s said in a disclosure to the...

SEC to disqualify convicted company officers, directors

The Securities and Exchange Commission is drafting rules to enforce the disqualification of convicted directors, trustees and officers from companies. Directors and officers of companies,...

Figaro Coffee eyes acquisition of other brands

Coffee chain Figaro Coffee Group Inc. plans to acquire other brands and food service businesses over the next three years to aggressively expand its...

MPIC stays on nation-building course as it marks 15th year

Makati City, Philippines—Over the past two decades, Metro Pacific Investments Corp. chairman Manuel Pangilinan has strived to answer what to him is the all-important...

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