Corporate
Panasonic Manufacturing declares P139.4 million cash dividend
Panasonic Manufacturing Philippines Corp., a listed manufacturer and importer of home appliances and other electronic products, said Wednesday it has declared a cash dividend totaling P139.4 million to stockholders on record as of 10 June.
Singapore headquartered KKR takes a chunk of Phinma Education
Investment firm KKR Singapore Pvt Ltd. is taking a significant stake in Phinma Education Holdings Inc., which operates schools in the Philippines and Indonesia.
The...
Bright Kindle subsidiary acquiring mining firm in P5 billion deal
Investment holding company Bright Kindle Resources & Investments Inc. said Wednesday it subsidiary, Brightstar Holdings and Development Inc., will acquire Strong Built (Mining) Development Corp. in a transaction valued at P5 billion.
Brightstar Holdings will issue new common shares and assets to shareholders of Strong Built, which mines magnetite sand in mining claims in several towns of Leyte.
FEU sets aside P2.17 billion for capital expenditures, expansion projects
Far Eastern University Inc., a listed education institution, said its board approved the appropriation of P2.17 billion of retained earnings for various projects and investments.
Higher enrollment nearly doubles STI Holdings’ 9 months net income
Strong enrollment numbers continued to drive earnings at STI Holdings Inc., owner of the largest network of private schools in the country.
