ANGELICA BALLESTEROS, TMT

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SYDNEY, Australia: One of the water units of conglomerate Metro Pacific Investments Corp. (MPIC) is set to put up a new bulk water facility in Cavite in partnership with Lucio Tan-led MacroAsia Corp. In a news briefing here, MetroPac Water Investments Corp. President Laurence Rogero said the company teamed up…

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RECENTLY listed Wilcon Depot, Inc. netted P1.1 billion for the first nine months of the year on the back of strong sales. The home improvement and construction materials retailer said net sales in the first nine months reached P13 billion, up 11.1 percent from the prior year’s P11.7 billion. Net…

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PROPERTY developer Cebu Landmasters, Inc. (CLI) has signed a joint venture with two firms for the construction of a P2-billion mixed-use project in Davao City. CLI said it inked the agreement with Yuson Strategic Holdings, Inc. and Davao Filandia Realty Corp. Following the agreement, a joint venture firm called YHES…

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SYDNEY, Australia: Conglomerate Metro Pacific Investments Corp. (MPIC) on Thursday said it is planning to spend P653 billion over the next five years to fund the projects of all its subsidiaries. In a news briefing, MPIC Chief Finance Officer David Nicol said that the planned capital expenditure was based on…

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HIGH-END property developer Anchor Land Holdings, Inc. reported a consolidated net income of P453.14 million in the first nine months of the year, up 11 percent from a year ago, on strong real estate sales and rental income. The company said real estate sales, which account for 89 percent of…

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NATIONAL Book Store (NBS) withdrew its planned backdoor listing through Vulcan Industrial and Mining Corp. to pursue other growth initiatives. In a disclosure to the Philippine Stock Exchange (PSE), Vulcan, a listed mining firm, said it received a letter on Tuesday stating the bookstore’s withdrawal of its backdoor listing plan.…

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LISTED property developer Primex Corp. said consolidated net income for the first nine months of the year fell 34.8 percent to P37.7 million on slower property sales. Primex told the Philippine Stock Exchange on Wednesday that consolidated real estate sales in the period dropped 30 percent to P101.7 million from…

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The stock market retreated on Wednesday as investors reacted to news of weaker overseas Filipino worker (OFW) remittances. The bellwether Philippine Stock Exchange index (PSEi) lost 1.27 percent or 106.2 points to close at 8,276.64 while the wider All Shares dropped 1.01 percent or 49.76 points to settle at 4,864.15…

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Last-minute buying allowed the stock market to bounce back from intraday declines, with investors said to have taken heart from the country’s hosting of a relatively trouble-free Association of Southeast Asian Nations (Asean) Summit. The benchmark Philippine Stock Exchange index (PSEi) added 0.60 percent or 49.62 points to close at…

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LISTED miner Global Ferronickel Holdings, Inc. (FNI) inked on Tuesday a cooperation agreement with Russian firm Vi Holding LLC for the implementation of joint business projects in the processing of lateritic ores. The agreement, inked amid the Philippines and Russia bilateral meetings during the 31st Association of Southeast Asian Nations…

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