Corporate
MUFG investment helps ease GCash need to raise funds from IPO
Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, is in no rush to undertake an initial public offering (IPO) having already secured investments of $786 million from Mitsubishi UFJ Financial Group (MUFG) to help fuel its growth.
Century Pacific revenue gets boost from OEM export, branded segment businesses
Century Pacific Food Inc., a leading food and beverage company, said Wednesday the ongoing recovery of its OEM exports segment and the consistent performance of its branded segment bolstered revenue in the first half by 15 percent to P37.7 billion.
Ayala Land posts 15% growth in 1H net income; capex at P36.5 billion
Ayala Land Inc., one of the largest property developers in the country, said Wednesday first half net income soared 15 percent to P13.1 billion on strong demand in the property sector and active consumer engagement.
SM Investments profits lifted by discretionary spending, gains from banking, retail
SM Investments Corp., the flagship investment holding company of the Sy Group, said Wednesday net income in the first half rose 10 percent to P40.2 billion, with earnings gathering traction in the second quarter on improved discretionary spending and gains from operations of banking and property development businesses as well as portfolio investments.
Vista Land unit raises additional USD50 million via senior notes issue
Vista Land & Lifescapes Inc., a property development arm of the Villar Group, said Wednesday its wholly-owned subsidiary, VLL International Inc., has issued an additional...
