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More articles about: conglomerates
In modern capitalism, the most explosive conflicts are often written not in headlines, but in clauses.
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The presidency of Lopez Inc. is now firmly a third‑generation affair, and the fight over who should hold it is being waged among cousins, not siblings.
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Ayala Corporation has upped its stake in Mynt by eight percent.
Mynt, the parent company of GCash, has more than doubled its valuation to $5 billion after Ayala Corporation increased its ownership stake in one of the most popular e-wallet brands in the Philippines.Ayala, through its wholly-owned subsidiary AC Ventures ...
The latest in the series of shakeups.
Billionaire Lance Gokongwei is stepping down as chairman and director of Robinsons Retail Holdings, Inc. (RRHI). His older sister, Robina Gokongwei-Pe, will take over his position, effective January 1, 2025.Gokongwei-Pe is currently the president and CEO of RRHI. By ...
Around 160,000 overseas Filipino workers will benefit from the service.
Rizal Commercial Banking Corporation (RCBC) has partnered with mobile app FastPay to provide more remittance options for Filipinos abroad. The service, however, will be exclusively available to migrant workers in Taiwan. ALSO READThe Most Reliable Banks in the Philippines, According to a ...
No need to visit a branch to open a savings account.
The Bank of the Philippine Islands (BPI) is strengthening its position as one of the most accessible banks in the Philippines, with a new partnership that will make its services available in retail stores, including shopping malls and supermarkets. BPI has tapped ...
John Paul Ang was recently appointed president and COO of San Miguel Corporation.
More than two decades have passed since billionaire Ramon Ang essentially took over San Miguel Corporation. From sitting as vice chairman of the company in 1999 to becoming president and CEO three years after, he has grown what was originally a brewery ...
The poll was conducted among over 500 investors in and beyond Southeast Asia.
Sy-owned SM Investments Corporation (SMIC) was named the best company in the Philippines with the "strongest adherence to corporate governance," according to Hong Kong-headquartered investment magazine Alpha Southeast Asia. The award, marking the ninth win of the conglomerate, was based ...
The conglomerate is gearing up to raise its reservation sales even more to P145 billion.
Property giant Megaworld Corporation is looking to bolster its real estate portfolio, with the launch of P40 billion worth of new projects this year. This comes after the Tan-led conglomerate earmarked P55 billion for its capital expenditure budget to develop residential ...
The profit, a 36-percent improvement from last year, was fueled by higher shares from the conglomerate's banking, power, and property businesses.
With gains from its banking, power, and property units, Filinvest Development Corporation (FDC) boosted its profits by 36 percent to P2.9 billion in the first quarter of 2024. This is up from P2.2 billion in the same period last year. ...
The Zobel family-led conglomerate's net income went up to P13 billion from January to March.
Ayala Corporation shows robust performance once again, with earnings soaring by 28 percent from January to March this year. This increase brought the Zobel family-led conglomerate's net income to P13 billion, fueled by its banking and property segments, among others. ...
The strong start was driven by the merger between the Gokongwei Group's Robinsons Bank and the Ayalas' Bank of the Philippine Islands.
Gokongwei-led conglomerate JG Summit Holdings started the year strong, with its net income surging to P12.6 billion in the first quarter. This was up by 213 percent year-on-year, on the back of performances across its food, real estate, ...
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A quick look at the superconsortium’s unsolicited proposal.
The unsolicited proposal to rehabilitate the Ninoy Aquino International Airport (NAIA) from some of the country's biggest companies and conglomerates offers the quickest way to transform the country's aging main aviation hub for the benefit of passengers and the country ...
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