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Richmond Mercurio
Richmond Mercurio
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SEC approves Maynilad’s P15 billion ‘blue bond’ offering
by Richmond Mercurio - May 18, 2024 - 12:00am
The Securities and Exchange Commission (SEC) has given the green light to the P15 billion blue bond offering of  West Zone concessionaire Maynilad Water Services Inc.
Puregold spending P8.1 billion to bankroll expansion
by Richmond Mercurio - May 17, 2024 - 12:00am
Puregold Price Club Inc., the flagship retail chain of businessman Lucio Co, is investing P8.1 billion this year to support its store network expansion.
AGI infusing P2.6 billion to Megaworld
by Richmond Mercurio - May 17, 2024 - 12:00am
Andrew Tan’s listed holding company Alliance Global Group Inc. is infusing P2.6 billion into its real estate arm Megaworld Corp. to support future business expansions.
Leviste keen on raising ABS-CBN stake
by Richmond Mercurio - May 17, 2024 - 12:00am
Businessman Leandro Leviste, the son of Sen. Loren Legarda, is willing to increase his stake in the Lopez family’s media company ABS-CBN Corp.
SMC profit jumps 61% in January-March
by Richmond Mercurio - May 17, 2024 - 12:00am
Conglomerate San Miguel Corp. reported a 61-percent surge in its net income before accounting for foreign exchange adjustments to P14.5 billion in the first quarter.
Strong core businesses underpin GT Capital Q1 performance
by Richmond Mercurio - May 17, 2024 - 12:00am
Conglomerate GT Capital Holdings Inc. delivered higher earnings in the first quarter, bolstered by the strong performances of its core businesses.
Positive foreign, local news buoy stocks
by Richmond Mercurio - May 17, 2024 - 12:00am
The stock market bounced back on positive cues abroad coupled with expectations on earlier interest rate cuts.
Lumpia Queen, 6 other Pinoys make Forbes’ 30 Under 30
by Richmond Mercurio - May 17, 2024 - 12:00am
Seven Filipinos have landed in the Forbes “30 Under 30 Asia,” a list that recognizes young entrepreneurs, leaders and trailblazers from across the Asia-Pacific region.
Nasugbu goes after RCI’s unpaid real estate taxes
by Richmond Mercurio - May 16, 2024 - 12:00am
The municipality of Nasugbu, Batangas is seeking to collect from Roxas and Co. Inc. unpaid real property taxes.
Banking, power, property drive up FDC profit
by Richmond Mercurio - May 16, 2024 - 12:00am
Strong contributions from the banking, power and property businesses fueled a double-digit earnings growth for Filinvest Development Corp. in the first quarter.
ALLHC seeks dominance in cold storage space
by Richmond Mercurio - May 16, 2024 - 12:00am
AyalaLand Logistics Holdings Corp., the industrial parks and real estate logistics arm of Ayala Land Inc., has set its sights on becoming a formidable player in the cold storage space with a sustained double-digit...
AGI allots P75 billion for 2024 capex
by Richmond Mercurio - May 16, 2024 - 12:00am
Alliance Global Group Inc. , the holding company of tycoon Andrew Tan, has set aside P75 billion for capital spending this year to support the continuous growth and expansion of its businesses.
Cautious investors end brief market rally
by Richmond Mercurio - May 16, 2024 - 12:00am
The stock market snapped its brief two-day climb as investors stayed on a wait-and-see mode ahead of the BSP’s policy meeting.
CREC to pursue IPO, listing eyed on June 7
by Richmond Mercurio - May 15, 2024 - 12:00am
Citicore Renewable Energy Corp. is pushing through with its planned P8-billion initial public offering this quarter.
Lower table revenues pull down Bloomberry earnings
by Richmond Mercurio - May 15, 2024 - 12:00am
The earnings of Enrique Razon’s Bloomberry Resorts Corp. declined by 11 percent to P2.6 billion in the first quarter amid lower VIP and mass table revenue.
Balai off to a hot start with higher income
by Richmond Mercurio - May 15, 2024 - 12:00am
Listed bakery operator Balai ni Fruitas Inc. is off to a hot start in 2024, with net income surging by 38 percent to P13.2 million in the first quarter.
Mega Prime acquires Jimm’s Coffee Mix
by Richmond Mercurio - May 15, 2024 - 12:00am
Canned sardines maker Mega Prime Foods Inc. is adding coffee in its product portfolio with the acquisition of select assets of Goldshine Pharmaceuticals Inc., the company behind Jimm’s Coffee Mix products...
LTG delivers steady profit
by Richmond Mercurio - May 15, 2024 - 12:00am
LT Group Inc. of taipan Lucio Tan posted a slight improvement in its profit in the first quarter as strong performances from its banking and beverage units were weighed down by lower earnings contributions from other...
Ayala income expands in Q1
by Richmond Mercurio - May 15, 2024 - 12:00am
Ayala Corp. capped off the first quarter on a high note on the back of continued strong performances of its businesses.
Market ends with gains ahead of BSP meeting
by Richmond Mercurio - May 15, 2024 - 12:00am
The stock market posted minimal gains to climb for a second straight session on sustained bargain hunting.
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