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Richmond Mercurio
Richmond Mercurio
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ACMobility gears up for growth
by Richmond Mercurio - April 27, 2024 - 12:00am
ACMobility, formerly AC Motors, is gearing up for growth in a bid to supercharge the country's electric vehicle transition.
Phinma allots P4.5 billion for 2024 capex
by Richmond Mercurio - April 27, 2024 - 12:00am
The Phinma Group has earmarked P4.48 billion for capital expenditures this year to sustain the company’s growth momentum.
Robinsons Retail posts higher earnings in Q1
by Richmond Mercurio - April 27, 2024 - 12:00am
Higher sales from new stores and sustained demand in the food retail and drugstores segments boosted earnings of Gokongwei-owned Robinsons Retail Holdings Inc. in the first quarter.
Filinvest, KMC answer rising demand for co-working spaces
by Richmond Mercurio - April 27, 2024 - 12:00am
Gotianun–led property developer Filinvest Land Inc. (FLI) is teaming up with global co-working space provider KMC Community Inc. to address rising demand for co-working spaces in the Philippines.
Business units power up AEV profit to P4.9 billion in Q1
by Richmond Mercurio - April 27, 2024 - 12:00am
Conglomerate Aboitiz Equity Ventures Inc. (AEV) registered strong profitability in the first quarter, driven by higher contributions from its business units.
Ayala Group scales up 2024 budget to P284 billion
by Richmond Mercurio - April 27, 2024 - 12:00am
The Ayala Group is hiking its capital expenditures this year, with its property and energy units poised for higher spending to support their expansion.
Strong corporate earnings boost market
by Richmond Mercurio - April 27, 2024 - 12:00am
The stock market advanced for a fifth straight session yesterday as strong corporate earnings in the first quarter helped buck negative cues from Wall Street overnight.
Ayala logistics unit to double cold storage capacity by 2025
by Richmond Mercurio - April 26, 2024 - 12:00am
AyalaLand Logistics Holdings Corp. is targeting to double its cold storage capacity by next year in support of the promising cold chain sector in the country.
Consunji Group to acquire Cemex for $305.6 million
by Richmond Mercurio - April 26, 2024 - 12:00am
The Consunji Group is solidifying its entry into the cement business with a $305.6-million acquisition in Cemex Asian South East Corp., the principal shareholder of Cemex Holdings Philippines.
ALI to buy back more shares
by Richmond Mercurio - April 26, 2024 - 12:00am
Property giant Ayala Land Inc. plans to continue buying back shares to boost its share price, which the company believes has been trading at a steep discount.
Guidelines for IPO cornerstone investors issued
by Richmond Mercurio - April 26, 2024 - 12:00am
The Securities and Exchange Commission has set the guidelines for cornerstone investors in initial public offerings as part of its continuing efforts to boost investor participation in the capital market.
Megaworld building P1.2 billion museum in Cebu
by Richmond Mercurio - April 26, 2024 - 12:00am
Real estate giant Megaworld Corp. is investing P1.2 billion to construct a modern museum inside its 30-hectare The Mactan Newtown in Lapu-Lapu City, Cebu.
Market extends gains to 4th day
by Richmond Mercurio - April 26, 2024 - 12:00am
The stock market extended its winning streak to four yesterday, but gains were minimal due to lack of catalysts.
DoubleDragon to unveil new Hotel101 projects
by Richmond Mercurio - April 25, 2024 - 12:00am
DoubleDragon Corp., the property developer owned by Edgar “Injap” Sia II and Tony Tan Caktiong, is set to unleash new hotels under the Hotel101 brand starting this year.
SMIC allots P115 billion for 2024 capex
by Richmond Mercurio - April 25, 2024 - 12:00am
SM Investments Corp., the investment holding company of the Sy family, is spending up to P115 billion this year for the continuing expansion of its various businesses.
Bargain hunting lifts shares anew
by Richmond Mercurio - April 25, 2024 - 12:00am
Share prices sustained its rally yesterday on continued bargain hunting among investors.
MVP, RSA hope to seal tollway deal this year
by Richmond Mercurio - April 25, 2024 - 12:00am
Negotiations on the planned merger of the toll road units of Metro Pacific Investments Corp. and San Miguel Corp. are moving smoothly so far, with tycoons Manuel V. Pangilinan and Ramon Ang bullish on sealing the...
SMC eyes P20 billion fixed bond offer
by Richmond Mercurio - April 24, 2024 - 12:00am
Diversified conglomerate San Miguel Corp. targets to offer in June fixed-rate bonds in a bid to raise P20 billion.
SM Prime defers $1 billion IPO of REIT unit
by Richmond Mercurio - April 24, 2024 - 12:00am
There will be no initial public offering happening this year for the real estate investment trust of Sy-led integrated property developer SM Prime Holdings Inc.
RLC, PRA partner to raise bar for retirement living
by Richmond Mercurio - April 24, 2024 - 12:00am
Robinsons Land Corp. has joined forces with the Philippine Retirement Authority to elevate retirement living in the country.
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