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Philippines
Saturday, April 27, 2024

Jenniffer B. Austria

Cemex PH’s stock plummets 28% after DMCI’s acquisition announcement

The share price of Cemex Holdings Philippines Inc. (CHP) plunged on Friday after DMCI Holdings Inc. reported that it is acquiring a controlling stake...

Robinsons Retail’s first-quarter income hit P5.1b after sale of stake in bank unit

Robinsons Retail Holdings Inc. (RRHI) of the Gokongwei Group said Friday its net income attributable to equity holders of the parent company grew 9.5...

Ayala keeps ‘constructive outlook’ on PH economy

CONGLOMERATE Ayala Corp. said Friday it maintains a “constructive outlook” on the economy even as it keeps a critical eye on interest rates and...

Filinvest aims for 20% annual earnings growth in next 5 years

Filinvest Development Corp. (FDC) of the Gotianun Group said Friday it is aiming to grow its earnings by an average of at least 20...

Stocks rise on bargain-hunting ahead of Q1 net income reports

Local share prices ended the week in the green, bucking the Wall Street’s decline, with the main composite index returning to the 6,600 level. The...

Consunji Group acquiring Cemex Philippines for $305.6 million

The Consunji Group is entering the cement manufacturing industry through the acquisition of Cemex Asian South East Corp. (CASEC), the majority owner of listed...

Stocks advance; peso dips to 57.78 a dollar

Stocks rose, but the Philippine peso fell to a new 17-month low of 57.78 against the US dollar Thursday as investors sought the safety...

Filinvest REIT office buildings switch to RE

Filinvest REIT Corp. (FILRT), the country’s first sustainability-themed real estate investment trust company of Filinvest Group, said Thursday five more of its office buildings...

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