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27.1 C
Philippines
Wednesday, March 5, 2025
27.1 C
Philippines
Wednesday, March 5, 2025

Corporate

FILRT shareholders clear acquisition of Festival Mall

Biz Plus Jenniffer B. Austria -
Filinvest REIT Corp. (FILRT) said Tuesday its shareholders approved the planned P6.26-billion property-for-share swap with parent Filinvest Land Inc. (FLI). The deal, approved during a special stockholders meeting, involves FILRT’s issuance of 1.6 billion common shares to FLI in exchange for the Festival Mall-Main Mall in Alabang worth P6.26 billion. Under the plan, FILRT will issue 1.626 billion shares at P3.85 apiece. The price is 30 percent higher than the stock’s...

Petron’s 2024 income declined to P8.47b

Business Alena Mae S. Flores -
Oil company Petron Corp. said Tuesday its net income fell 16 percent...

LT Group logs record net profit of P28.9b

Business Jenniffer B. Austria -
LT Group Inc. on Monday reported a record net income of P28.92...

Boehringer Ingelheim earns Top Employer honors in the Philippines for seventh year

Business Manila Standard Business -
For the seventh consecutive year, the Top Employer Institute has recognized Boehringer...

Megaworld’s 2024 profit increased 12% to P21.7b

Business Jenniffer B. Austria -
Property developer Megaworld Corp. said Wednesday it booked a record net income...

21-story Johndorf Tower opens in Cebu

Business Manila Standard Business -
Johndorf Ventures Corp. (JVC) has entered the commercial real estate sector with...

FILRT shareholders clear acquisition of Festival Mall

Biz Plus Jenniffer B. Austria -
Filinvest REIT Corp. (FILRT) said Tuesday its shareholders approved the planned P6.26-billion property-for-share swap with parent Filinvest Land Inc. (FLI). The deal, approved during a special stockholders meeting, involves FILRT’s issuance of 1.6 billion common shares to FLI in exchange for the Festival Mall-Main Mall in Alabang worth P6.26 billion. Under the plan, FILRT will issue 1.626 billion shares at P3.85 apiece. The price is 30 percent higher than the stock’s...

Petron’s 2024 income declined to P8.47b

Business Alena Mae S. Flores -
Oil company Petron Corp. said Tuesday its net income fell 16 percent...

LT Group logs record net profit of P28.9b

Business Jenniffer B. Austria -
LT Group Inc. on Monday reported a record net income of P28.92...

Boehringer Ingelheim earns Top Employer honors in the Philippines for seventh year

Business Manila Standard Business -
For the seventh consecutive year, the Top Employer Institute has recognized Boehringer...
One-month school construction

One-month school construction

Filipino Gen Zs encouraged to pursue what they are passionate about

Filipino Gen Zs encouraged to pursue what they are passionate about

Cebu Pacific Burj Khalifa display

Cebu Pacific Burj Khalifa display

AI can unlock PH’s full economic potential—IT expert

AI can unlock PH’s full economic potential—IT expert

LATEST Corporate

LATEST

SEC approves Megawide’s P6-b preferred shares offering

Jenniffer B. Austria -
The Securities and Exchange Commission approved Megawide Construction Corp.’s sale of P6-billion preferred shares. The SEC said Megawide would sell 30 million Series 6 preferred...

Sandiganbayan orders COCOLIFE to return shares

Manila Standard Business -
The Philippines’ anti-graft court Sandiganbayan ordered United Coconut Planters Life Assurance Corp. (COCOLIFE) to return United Coconut Planters Bank (UCPB) shares to the government,...

MR. D.I.Y. linked to more local MSMEs

Manila Standard Business -
The Department of Trade and Industry (DTI) said it connected 16 Cebu-based micro, small and medium enterprises (MSMEs) with MR. D.I.Y. Malaysia, a leading...

DigiPlus set to join FTSE All-Cap, Total-Cap indices

Jenniffer B. Austria -
Gaming firm DigiPlus Interactive Corp. is set to join the FTSE All-Cap Index and FTSE Total-Cap Index after the market closes on March 21,...
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