Corporate
Philex completes USD170M loan package for Silangan Project
Silangan Mindanao Mining Co., Inc., a wholly owned subsidiary of Philex Mining Corp., one of the largest gold and copper producers in Southeast Asia, signed a deal for additional USD70 million with additional lenders who syndicated the credit facility.
STI Holdings signs deal to acquire Philippine School of Business Administration
STI Education Systems Holdings Inc. said Wednesday its board ratified the execution of a term sheet that would allow it to takeover the operations of Philippine School of Business Administration, or PSBA.
Controlling investors at Coca-Cola Ph investing $1 billion over 5 years
Coca-Cola Europacific Partners Plc. (CCEP), the new controlling owners at Coca-Cola Beverages Philippines Inc., has pledged to invest $1 billion into the enterprise over a five-year period.
Filinvest REIT net profit declines in 2023 to P1.28 billion
Filinvest REIT Corp., the listed real estate investment trust of the Gotianun Group, said Tuesday unaudited net income last year slipped to P1.28 billion from P1.31 billion in 2022 as rental and other revenues slipped to P3.0 billion.
A Brown raises P1.44B from sale of preferred shares to fund real estate projects
A Brown Co. Inc. said Monday its raised from the follow-on offering of preferred shares at total P1.44 billion, the largest capital-raising exercise of the listed company that holds investments in property development, agribusiness, utilities, and power generation.
