Corporate
SM Investments P6.2B share-for-property swap with unit ICDC gets SEC nod
SM Investments Corp., the flagship investment holding company of the Sy Group, said Friday it has secured Securities and Exchange Commission approval for the valuation of the sprawling Muntinlupa City property it will acquire from subsidiary Intercontinental Development Corp.
Aboitiz Power’s net income surges amid growth in generation capacity
Aboitiz Power Corp., the energy company of the Aboitiz Group, saw a 2 percent increase in net income in 2024, rising to P33.9 billion...
A.P. Moller Capital to acquire 40% stake in Ayala’s AC Logistics
Danish investment firm A.P. Moller Capital, through its EMIF II Holding III B.V. entity, has entered into an agreement to acquire up to a 40 percent economic stake in AC Logistics, a subsidiary of Ayala Corporation.
ICTSI reports surge in 2024 net income on strong operations, one-off gains
International Container Terminal Services, Inc. (ICTSI), the Razon-led global port operator, reported a robust 66 percent increase in net income for 2024, reaching USD849.80 million, compared to USD511.53 million in 2023.
Bloomberry post 6% GGR growth, net profit falls in 2024
Bloomberry Resorts Corp., the casino and resorts business of tycoon Enrique Razon Jr., posted a 6 percent increase in gross gaming revenue in 2024, totaling P61.7 billion, compared to P58.3 billion in 2023.
