CATHERINE TALAVERA, TMT

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To be funded by follow-on offering next year STARMALLS Inc., the shopping center development arm of the Villar group of companies, is planning an aggressive mall expansion over the next three years which will be funded by a possible follow-on offering next year. Former Sen. Manuel Villar Jr., chairman of…

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LISTED gaming technology provider DFNN Inc. said its consolidated revenues for the first half of the year more than doubled to P124.8 million, an increase of 179.4 percent or P80.1 million from the same period last year. In a financial report released on Friday, the company said earnings before interest,…

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FORMER President Fidel V. Ramos on Thursday urged a gathering of Filipino and international realtors to start caring for others and to “take action for the common good and sacrifice for the common good” to help build a strong nation. Ramos was the keynote speaker at the International Realtor Conference…

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Listed holding company Aboitiz Equity Ventures (AEV) said its consolidated net income for the first half of the year dropped 18 percent from a year ago due mainly to revaluation adjustments in the dollar-denominated liabilities of its power business. The company posted a consolidated net income of P7.8 billion, down…

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Listed BDO Leasing and Finance Inc. (BDO Leasing) reported a net income of P250.7 million for the first half of the year, little changed from last year’s comparable figure of P250.8 million. In a disclosure to the Philippine Stock Exchange on Thursday, the company said its loan and lease portfolio…

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Listed Security Bank Corp. reported on Wednesday that its net income for the first half of the year rose 29 percent from a year ago to P4.66 billion, driven by strong growth in its core businesses. “This result was driven by healthy growth in the Bank’s core businesses, with loan…

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PHILIPPINE shares continued to register losses, as economic data from China took its toll on markets around the world. The benchmark PSE index (PSEi) dipped 0.91 percent or 68.41 points to 7,479.03, while the broader All Shares declined 0.84 percent or 36.08 points to 4,284.05 Astro del Castillo, First Grade…

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Listed holdings firm Aboitiz Equity Ventures has obtained approval from the Securities and Exchange Commission (SEC) to issue fixed-rate retail bonds to raise P25 billion. In a disclosure posted on the Philippine Stock Exchange website, Aboitiz said bonds will be issued in two or more tranches, with an initial P24…

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THE Manila Water Co. Inc. said the bid filed by its consortium with iWater Inc. has won the Tagum City Bulk Water Supply Project in Davao del Norte, Mindanao. In a disclosure posted on the PSE website, Manila Water said it has received a letter from the Tagum City Water…

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PROPERTY developer Ayala Land Inc., (ALI) and retailer Puregold Price Club Inc. will launch the first branch of their joint-venture supermarket in Quezon City before the end of the month. Merkado Supermarket is a product of AyaGold Retailers Inc., a 50-50 joint venture between ALI Capital Corp. and Entenso Equities…

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