Corporate
Alliance Global to acquire P2.61 billion of unit Megaworld
Alliance Global Group Inc., the investment holding company of the Andrew Tan Group, said Thursday its board approved its subscription to 1.38 billion common shares of its property arm, Megaworld Corp.
Nickel oversupply plunge Global Ferronickel 1Q earnings by 93%
Global Ferronickel Holdings Inc., a leading nickel ore producer in the Philippines, reported a sharp drop in first-quarter net income as a glut in the nickel industry sent prices sharply lower that nearly halved mining revenue during the period.
Banking, car, insurance businesses nudge GT Capital net income higher in 1Q
GT Capital Holdings Inc. said Thursday its banking, car and insurance businesses lifted first-quarter net income by 7 percent to P7.11 billion.
Leviste eyes more ABS-CBN shares; plans industrial estate for Roxas Holdings’ Nasugbu property
Leandro Leviste, founder of Solar Philippines, one of the largest integrated solar farms developers, said his constant search for value has led him to the acquisition of a substantial stake in ABS-CBN Corp., whose bottomline has been bleeding red since Congress decided not to renew its broadcast franchise in 2020.
Nasugbu LGU asks Roxas and Co. to settle unpaid tax obligations
The local government of Nasugbu in Batangas is seeking payment for alleged unpaid real property taxes it claims exceeding P1 billion from Roxas and Co. Inc.
