Global Ferronickel Holdings, Inc. (FNI), a leading nickel ore producer in the Philippines, reported revenues of P7.611 billion, net income attributable to shareholders of P743.9 million, and earnings per share of P0.1451 for the year 2024.
0 Comments
Manila Water invested P26.3 billion in 2024 to enhance water and wastewater services for over 9 million customers across the Philippines.
Leading construction firm EEI Corporation, in a disclosure to the Securities and Exchange Commission and the Philippine Stock Exchange, officially announced a management buyout by its President and CEO, Henry D. Antonio.
In a bold move, Vista Land & Lifescapes, Inc. has announced plans for new residential developments ahead of its 50th-anniversary celebration. This landmark expansion reinforces the dedication of the Philippines' leading integrated property developer to providing house-and-lot developments for Filipino families while addressing demands for unique, premium, and sustainable lifescapes.
Ayala Corporation President and CEO Cezar P. Consing announced the promotions of Mariana Beatriz E. Zobel de Ayala and Mark Robert H. Uy to Managing Directors, and of Jaime Alfonso E. Zobel de Ayala and Jaime Z. Urquijo to Executive Directors. The promotions recognize how the four next-generation leaders have consistently proven their ability to build business, attract talent, and drive transformation at Ayala.
Wilcon Depot marks a strong start to 2025 with the grand opening of its latest branch in Tuba, Benguet on March 7. This new store strengthens Wilcon’s presence in the province, following the successful launch of its first Benguet branch in La Trinidad in September 2024. With this expansion, Wilcon Depot continues to bring high-quality home improvement and construction solutions closer to more communities in Northern Luzon.
ACEN Corporation signed a subscription agreement with its subsidiary, Buendia Christiana Holdings Corp. (BCHC), for the subscription by ACEN to 660,000 common shares and 5,940,000 redeemable preferred shares (RPS), to be issued out of the authorized capital stock of BCHC.
PetroGreen Energy Corporation (PGEC), through its subsidiary BKS Green Energy Corp. (BKS), officially marked the start of construction of its 40MWDC Limbauan Solar Power Project (LSPP) in San Pablo, Isabela. A ceremonial installation of the project’s first solar array was held on March 17, 2025. The LSPP is set to provide additional clean and renewable power to Luzon grid, aligning with the country’s energy resiliency and sustainability agenda. Once completed, the LSPP is expected to generate as much as 59 GWh of clean energy annually, powering about ~33,000 households and avoiding ~31,700 metric tons of carbon dioxide.
Primex Realty Corp., a wholly owned subsidiary of publicly listed developer Primex Corporation is thrilled to announce the signing of a hotel management agreement with Dusit International, one of Thailand's leading hotel and property development companies. This partnership marks an exciting new chapter in the company's commitment to delivering exceptional guest experiences and expanding their portfolio in the luxury hospitality sector.
San Miguel Corporation (SMC) reported P1.6 trillion in consolidated revenues for 2024, a 9% increase from the previous year, driven by higher sales volumes across its core businesses. Growth was led by Power, Spirits, and Fuel & Oil, while Beer and Infrastructure also made solid contributions. Consolidated operating income rose 11% to P160.8 billion, supported by margin improvements in Power, Food & Beverage, and Infrastructure, along with cost management initiatives across all business units. EBITDA increased 10% to P225.9 billion. Core net income grew 22% to P52.3 billion, reflecting strong operational performance. On a reported basis, net income stood at P36.7 billion, including foreign exchange adjustments.
SMIC SG Holdings Pte. Ltd., a wholly-owned subsidiary of SM Investments Corporation (SMIC), and SMPHI SG Holdings Pte. Ltd., a wholly-owned subsidiary of SM Prime Holdings, Inc. (SMPH), jointly updated their US$3.0 Billion Multi- Issuer European Medium Term Note (EMTN) Programme.
SM Investments Corporation (SM Investments), the parent company of the SM group, is optimistic about the Philippines’ growth momentum, reaffirming its commitment to the economy’s future, according to Erwin G. Pato, Executive Vice President for Treasury, Finance, and Planning.
Globe Telecom, Inc. signed term loan facilities of P10 Billion each with BDO Unibank, Inc. & Metropolitan Bank & Trust Company. The loans shall be used to finance the Company’s capital expenditures (capex), debt refinancing and/or general corporate requirements.
The Philippines’ only pure-play high-speed fixed broadband operator, Converge Information and Communications Technology Solutions, Inc. ended 2024 with a total of 2,563,458 residential subscribers. This is comprised of 2,272,827 postpaid subscribers and 290,631 prepaid subscribers.
MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC), announces the closing of the acquisition by Actis Rubyred (Singapore) Pte. Ltd. through its wholly-owned subsidiary Actis Rubyred (Philippines) Holdings, Inc. (Actis) of a 40% stake in Terra Solar Philippines, Inc. (MTerra Solar) for a total consideration of approximately US$600 million. Actis has subscribed to 4,116,666 Common Shares and 398,200,000 Redeemable Preferred Shares in MTerra Solar.
|
PLACE YOUR ADS HERE Join and Subscribe to my Newsletter. It's FREE! ABOUT THE
BLOGGER Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Follow me on FACEBOOK x PLACE YOUR ADS HERE PLACE YOUR ADS HERE Categories
All
Archives
February 2025
|