Corporate
Phinma plans P1 billion stock rights offer to fund expansion plan
Phinma Corp., a diversified investment holding company, said Wednesday its board has approved a stock rights offering that seeks to raise up to P1 billion for its growth strategy
Proceeds from the rights offer are intended to support the expansion plans of its subsidiaries, increase capital for potential new ventures, and address general corporate needs.
Petron reports 21% increase in 1H revenue on strong volume growth
Petron Corp., the oil company under the San Miguel Group, said Tuesday first-half revenue climbed 21 percent year-on-year to P444.5 billion, fueled by increased sales and a favorable retail environment in both the Philippines and Malaysia.
Emperador reports strong 2Q performance amidst global challenges
Emperador Inc., a leading global brandy and whisky conglomerate, has reported a significant increase in revenue and net profit in the second quarter, reflecting...
Del Monte Pacific secures USD210 million financing to boost U.S. unit liquidity
Listed food company Del Monte Pacific Ltd. said Tuesday that its U.S. subsidiary, Del Monte Foods Inc., completed a new financing arrangement to enhance its liquidity and operational flexibility.
DMCI Holdings 2Q net income drops 32 percent on weaker subsidiary performances
DMCI Holdings, a diversified engineering conglomerate, said Tuesday second-quarter net income dropped 32 percent to P5.5 billion due largely to weaker performance of its integrated energy, real estate, and nickel mining subsidiaries, despite some improvement posted by its water, off-grid power, and construction units.
