DoubleDragon Corp. is preparing for a groundbreaking Nasdaq listing for its Hotel101 Global brand, marking a significant milestone in its international expansion strategy.
Tycoon Kevin Tan-led MREIT Inc. announced plans to buy six office properties worth P13.15 billion from parent firm Megaworld Corp. This will upsize its portfolio by 48 percent to 482,000 square meters.
Sy family-led Dominion Holdings, formerly BDO Leasing and Finance, reported a 30 percent net income spike to P75.9 million during the first quarter of the year.
JG Summit Holdings, Inc. (JGS) reported a dramatic increase in its net income during the first quarter of the year, which hit P11 billion, more than double its profit in the same period of 2023.
Resilient consumer spending during the first quarter of 2024 pushed up profits of the Sy family conglomerate SM Investments Corp. by 6 percent to P18.4 billion, while total revenues grew 4 percent to P144 billion.
Consunji family-led DMCI Holdings Inc. saw a 25 percent decrease in net income to P5.6 billion during the first quarter of the year due to the weaker performance of its major businesses.
The Sy family-led property giant SM Prime Holdings Inc. booked a profit of P10.5 billion during the first quarter of the year, an 11 percent increase that was driven by the strong performance of its business units.
Businessman Ramon Garcia Jr. further cemented his position as the single-largest stockholder of DFNN Inc. after acquiring a substantial number of shares during the company’s P450 million private share sale.