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Richmond Mercurio
Richmond Mercurio
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AEV hikes capex to P153 billion
by Richmond Mercurio - March 19, 2024 - 12:00am
Aboitiz Equity Ventures Inc. is hiking its capital expenditures by 135 percent to P153 billion this year as it gears up for another phase of growth and innovation.
2GO bulks up operations with new vessel
by Richmond Mercurio - March 19, 2024 - 12:00am
2GO Group Inc., a subsidiary of Sy-led SM Investments Corp., is going full speed ahead on its expansion, bolstering its operations with the addition of a new vessel for travel and logistics.
LT Group income slightly up in 2023
by Richmond Mercurio - March 19, 2024 - 12:00am
Earnings of tycoon Lucio Tan’s LT Group Inc. saw a slight improvement last year as higher contributions from its banking, liquor and property units offset the slowdown in the tobacco business.
Bargain hunting boosts stock market
by Richmond Mercurio - March 19, 2024 - 12:00am
Bargain hunting propelled the stock market to open the week on a high note after last week’s steep drop.
DMCI, Marubeni investing P15 billion for property venture
by Richmond Mercurio - March 18, 2024 - 12:00am
DMCI Homes of the Consunji family and Japanese trading conglomerate Marubeni Corp. are investing around P15 billion for their real estate joint venture project.
DMCI keen on entry into cement business
by Richmond Mercurio - March 18, 2024 - 12:00am
The Consunji Group is looking to pursue its entry into the cement business with the acquisition of Cemex Holdings Philippines (CHP).
Market to move sideways ahead of Fed meeting
by Richmond Mercurio - March 18, 2024 - 12:00am
The local stock market is expected to trade sideways this week as investors are likely to tread with caution ahead of the scheduled March meeting of the US Federal Reserve.
Jollibee to expand in new US locations
by Richmond Mercurio - March 18, 2024 - 12:00am
Homegrown fast-food giant Jollibee Foods Corp. (JFC) targets to set foot in new locations across the US as the company ramps up franchising to support its global expansion.
SEC warns public vs 2 unauthorized firms
by Richmond Mercurio - March 17, 2024 - 12:00am
The Securities and Exchange Commission has warned the public against the illegal investment schemes being offered by two entities.
Leviste firm to invest over P5 billion in Batangas
by Richmond Mercurio - March 16, 2024 - 12:00am
Countryside Investments Holdings Corp., a company owned by Leandro Leviste, is investing over P5 billion to help boost development in rural Batangas.
SMC to start Bulacan airport development in 2025
by Richmond Mercurio - March 16, 2024 - 12:00am
Diversified conglomerate San Miguel Corp. (SMC) targets to start airport development works at its P740-billion international gateway project in Bulacan next year.
SMIC banks on areas outside NCR for growth
by Richmond Mercurio - March 16, 2024 - 12:00am
SM Investments Corp. (SMIC) of the Sy family is betting big on the countryside to support the group’s continued growth.
PSEi falls, mirrors US equities
by Richmond Mercurio - March 16, 2024 - 12:00am
Local stocks plunged to close the week in the red as they mirror negative sentiment in US equities.
URC income down in 2023
by Richmond Mercurio - March 15, 2024 - 12:00am
Gokongwei-led snack foods giant Universal Robina Corp. saw its net income decline in 2023 despite maintaining strong sales.
LRT-2 operator expects higher revenue this year
by Richmond Mercurio - March 15, 2024 - 12:00am
The Light Rail Transit Authority is tracking a path to higher revenue this year as ridership is expected to rise further.
San Miguel income soars to P44.7 billion in 2023
by Richmond Mercurio - March 15, 2024 - 12:00am
Diversified conglomerate San Miguel Corp. expects to sustain its growth momentum this year after earnings soared in 2023 on the back of significant volume growth across its key businesses.
Razon unit strengthens exposure in water infrastructure
by Richmond Mercurio - March 15, 2024 - 12:00am
The Razon Group’s joint venture with a privately owned Australian construction company plans to beef up its presence in the water infrastructure space to support its growth in the coming years.
Hotel101-Madrid breaks ground
by Richmond Mercurio - March 15, 2024 - 12:00am
DoubleDragon Corp. has started the development of its Hotel101 project in Spain, which is set to become one of the top five largest hotels in Madrid once completed by late next year.
Last-minute buying buoys share prices
by Richmond Mercurio - March 15, 2024 - 12:00am
he stock market eked out a slim victory yesterday due to last-minute bargain hunting.
Ayala Corp profit hits record high in 2023
by Richmond Mercurio - March 14, 2024 - 12:00am
Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses.
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