Robinsons Retail Holdings Inc. is proceeding with its May 25 tender offer at P48.30 per share, with no indication the controlling Gokongwei family plans to raise the price despite calls from some investors for a higher offer.
Bank of Commerce grew first quarter earnings as stronger lending income and client foreign exchange transactions helped offset trading losses triggered by volatility linked to the Middle East conflict.
Converge ICT Solutions, Inc. kept first quarter profits steady as stronger enterprise demand and continued fiber subscriber growth helped offset rising costs, while the company said Middle East-related disruptions remained manageable.
DoubleDragon Corp., led by tycoons Edgar “Injap” Sia II and Tony Tan Caktiong, has launched a mandatory tender offer for minority shareholders of MerryMart Consumer Corp. as the Injap Sia-led group pushes deeper into grocery, pharmacy and essential retail.
Cebu Pacific operator Cebu Air Inc. (CEB) has put all dividend payments on hold despite record earnings last year, opting to preserve cash as soaring fuel prices tied to the Middle East conflict pressure airline profitability.
Lucio Tan III is entering his fourth year at the helm of LT Group Inc. during what could become one of the conglomerate’s toughest tests, as price shocks and soaring inflation threaten its sprawling consumer-focused portfolio.
Rising oil prices and supply disruptions tied to the Middle East conflict are pressuring manufacturers, but D&L Industries Inc. still grew first-quarter earnings as stronger margins cushioned the impact.
LT Group Inc. is holding off on the planned stock market debut of PNB Holdings Corp. as surging oil prices and global uncertainty inject fresh volatility into financial markets.