- ICTSI Q1 net income climbs 14.1% on robust port activity
RAZON-LED port operator International Container Terminal Services, Inc. (ICTSI) reported a 14.1% year-on-year increase in its first-quarter (Q1) net income attributable to equity holders to $239.54 million, supported by higher port revenues and growth in consolidated volume. “We look to the future with confidence, and with our highly disciplined business model and diversified operations, ICTSI
- Vista Land secures $150-M loan from Sumitomo Mitsui Banking
VILLAR-LED property developer Vista Land and Lifescapes, Inc. said its wholly owned subsidiary VLL International, Inc. (VLLI) has secured a $150-million syndicated term loan facility from Sumitomo Mitsui Banking Corp. VLLI’s loan facility was obtained at an interest rate of 6.40509% per annum, Vista Land said in a regulatory filing on Monday. “The proceeds of
- SMPC expects DENR clearance for Antique mine this year
SEMIRARA Mining and Power Corp. (SMPC) expects to receive clearance from the Department of Environment and Natural Resources (DENR) for its mine site in Antique in the second half of the year, bringing it closer to commencing production. “We expect to receive the ECC (environmental compliance certificate) for the Acacia Mine from the DENR within
- SM Prime eyes premium residences in Metro Manila, Cebu
SY-LED property developer SM Prime Holdings, Inc. said it plans to develop its first premium residential properties in Metro Manila and Cebu. “We plan to enter Metro Manila, hopefully within the year, but we also have properties ready for development in key cities like Cebu,” SM Prime Holdings Executive Vice-President and Premium Residential Line Head
- RLC maps path to P25-B income by 2030
GOKONGWEI-LED property developer Robinsons Land Corp. (RLC) is targeting to deliver P25 billion in net income by 2030, in time for its 50th anniversary, as part of a roadmap to drive transformation and long-term growth. RLC will implement five initiatives under its “Vision 5-25-50 Roadmap” to achieve the profit goal, the company said in a
- Wilcon expects recovery in second half after lower Q1 profit
LISTED home improvement and construction finishing supply retailer Wilcon Depot, Inc. expects to recover in the second half of the year following a decline in first-quarter (Q1) net profit. “Despite the drop in net earnings, which was mainly driven by lower sales in the first two months of the year, we are expecting a turnaround
- OceanaGold, BSP extend gold purchase agreement
LISTED OCEANAGOLD (Philippines), Inc. (OGP) has renewed its gold-buying agreement with the Bangko Sentral ng Pilipinas (BSP) for another three years. Under the agreement, which was renewed in March and will run until March 2028, OGP is required to offer for purchase no less than 25% of its annual gold doré production — an alloy
- Century Properties names Jose Carlo Antonio as new CFO
LISTED property developer Century Properties Group, Inc. (CPG) has appointed Jose Carlo R. Antonio as its new chief financial officer (CFO), effective May 31. Mr. Antonio will succeed Ponciano S. Carreon, Jr., who will retire on the same date, CPG said in a regulatory filing on Monday. Mr. Carreon has served as CPG’s CFO since
- Concreat hopes turnaround within 3 years
CONCREAT Holdings Philippines, Inc. (CHP), the cement producer led by the Consunji group and formerly known as Cemex Holdings Philippines, Inc., is banking on recovering demand and opportunities arising from the national housing backlog to drive a turnaround within the next three years. “Our team in CHP is committed to find solutions to turn the
- How PSEi member stocks performed — May 5, 2025
Here’s a quick glance at how PSEi stocks fared on Monday, May 5, 2025.