Corporate
Cosco declares P2.79B cash dividends
Cosco Capital Inc., the listed retail holding firm of billionaire Lucio Co, announced on Monday the declaration of regular and special cash dividends totaling P2.79 billion, following a strong earnings performance in 2024.
CIBI, JB Financial, and NICE Forge Cross-Border Credit Partnership Between Philippines and Korea
In a landmark agreement with significant corporate and commercial implications, CIBI Information Inc., the country's pioneering credit bureau, has partnered with South Korea’s JB Financial Group (JBFG) and NICE Information Service to establish a cross-border credit linkage system between the two nations.
Dividend payout in 2024 weighs down Dominion earnings
Dominion Holdings Inc., formerly BDO Leasing and Finance Inc., reported net earnings of P202 million last year, a 27 percent drop from P277 million posted in 2023, due mainly to a reduced investment base following a substantial cash dividend payout of P3.2 billion in May 2024.
Puregold spending P6.35B as 2025 capex; sharpens focus on S&R expansion
Puregold Price Club Inc., one of the country’s largest grocery retailers led by businessman Lucio Co, announced a capital expenditure budget of P6.35 billion this year, with a strategic focus on expanding its S&R brand, comprising warehouse clubs and quick-service restaurants.
7-Eleven Philippines credits PFA partnership for franchise growth, innovation
Philippine Seven Corp. (PSC), the exclusive operator of 7-Eleven stores in the country, says its decades-long partnership with the Philippine Franchise Association (PFA) has played a crucial role in the company’s growth and in shaping the local franchising landscape.
