Consunji-led conglomerate DMCI Holdings, Inc. said Tuesday it expects Cemex Holdings Philippines (CHP) to turn around as early as 2025 despite the weak cement demand and competition from imports.
DMCI Holdings president and chief executive Isidro Consunji said that while CHP has operational and financial issues, he is confident that the group can revitalize the cement firm by 2025 given its capacity expansion and the clear synergies with the conglomerate.
“While...
Bank of Commerce, the banking unit of conglomerate San Miguel Corp., plans to raise P4 billion from its initial public offering next year.
The bank's...
