Corporate

Alliance Global Group Inc., the holding company of tycoon Andrew Tan, reported attributable net income rising 21 percent in 2023 to a new high P19.6 billion on the back of strong performance from its real estate, tourism and consumer segments.

Axelum Resources Corp., the country’s leading fully-integrated manufacturer and exporter of premium coconut products, plans to spend up to P400 million to deploy additional capacity and upgrade its equipment and facilities this year.

Shakey’s Pizza Asia Ventures Inc., a leading food service group, defied a challenging macroeconomic environment last year, attracting significant foot traffic to its pizza place, potato fries stalls, and roasted chicken restaurants to score a 23 percent gain in net profit to P1.08 billion.

SSI Group, a listed manager and specialty retailer of international fashion brands, on Monday reported net profit last year rising 34 percent to P2.58 billion on consumers’ increasing discretionary spending that buoyed sales of its unique brand portfolio and strategic store network.

Megawide Construction Corp. said Monday its board has approved a bond offer that could raise as much as P5 billion for the listed construction firm.