Corporate
COBI thwarts efforts to settle pricing dispute with COWD over water
The Cagayan de Oro Bulk Water Inc. (COBI) on Wednesday reiterated its commitment to supply safe and reliable drinking water to the people of Cagayan de Oro City.
Phinma close to acquiring Petra Cement
Phinma Corp. is close to completing the purchase of Petra Cement Inc. in Mindanao, according to a senior executive.
Bloomberry completes P16.8 billion settlement deal with GGAM
Bloomberry Resorts Corp. of tycoon Enrique Razon Jr. said it has completed the settlement deal with Global Gaming Philippines LLC, or GGAM, with its subsidiaries’ purchase of GGAM shares in the listed gaming and resort company for P16.8 billion.
Consumers’ focus on essential products, rising expenses weigh down AllHome earnings
AllHome Corp., the Villar Group’s pioneering one-stop full-line home center, saw net profit last year drop 15 percent to P707.3 million as consumers reduced spending on non-essential products depressed sales while gross expenses rose.
DMCI confident it could turn around Cemex Holdings
DMCI Holdings Inc. is confident the big bet it made in acquiring Cemex Holdings Philippines would pay handsome dividends on its own and as a result of synergies it would create with other companies in the listed diversified engineering conglomerate’s portfolio.
