Corporate

Filinvest REIT Corp., the real estate investment trust of the Gotianun group, on Wednesday ruled out acquiring more assets at this time when the equities market has yet to recover and stock prices have yet to improve.

The Philippine Stock Exchange Inc. on Tuesday said the trading of Abra Mining and Industrial Corp. shares remain suspended and its delisting will proceed as a matter of course at the bourse. 

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.