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Monday, May 27, 2024

Corporate

SteelAsia plans to sell up to 40% stake to fund P65-b investments

Steel Asia Manufacturing Corp. is looking to bring in investors as it gears up for a massive P65-billion expansion program, executive vice president Rafael Hidalgo said over the weekend. Hidalgo said to fund the expansion plan for new product lines, the company is willing to sell a minority stake, potentially reaching up to 40 percent of total ownership. “We are open to new investors coming in. Majority ownership should remain with...

InLife’s revenues climbed 12% to P24.8b in 2023

Insular Life Assurance Company Ltd. said its revenues grew 12 percent to...

Big Bad Wolf PH taps SM’s 2GO as logistics partner

Big Bad Wolf Philippines tapped 2GO Group Inc. as its logistics partner...

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Torre Lorenzo bullish, sees 35% sales rise

Property developer Torre Lorenzo Development Corp. expects sales to grow at an average of 35 percent over the next five years amid the reopening...

SM Prime okays cash dividends worth P2.8b

The board of SM Prime Holdings Inc. approved the declaration of cash dividends of P0.097 per share amounting to P2.8 billion to stockholders of...

SMDC to build 20,000 units in shift to mid-rise projects

SM Development Corp., the residential arm of SM Prime Holdings Inc., has shifted focus to developing mid-rise and horizontal housing projects to adapt to...

Megaworld launches new Bacolod tower

Megaworld Corp. said Monday it expects to raise up to P1.9-billion in sales from a newly launched residential project in Bacolod City. Megaworld said in...

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