Richmond Mercurio

Philippines

Business Reporter at The Philippine Star

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Articles

Emperador Properties acquires full ownership of urban complex in Spain

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — Emperador Properties, the private real estate investment company of tycoon Andrew Tan, has acquired full ownership of the iconic mixed-use urban complex Caleido in Spain. Located within the Cinco Torres Business District in Madrid, Caleido is home to top-notch offices, international school, hospital and a vibrant retail and lifestyle district.
CNPF inks fresh P14 billion deal with Vita Coco

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — Century Pacific Food Inc. (CNPF), the listed food and beverage company of the Po family, has secured a fresh P14-billion contract with The Vita Coco Co. Inc., a global leader in coconut water. In a stock exchange filing, CNPF said it renewed its long-term agreement with the world’s largest coconut water brand, Vita Coco. The five-year contract extension, which will commence in January 2026, will help support 4,500 quality manufacturing jobs in Gen. Santos City, Mindanao.
EEI banks ae on infra projects to shield property from headwinds

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — Construction giant EEI Corp. expects the government’s ongoing infrastructure programs to support demand for its domestic construction services this year amid the impact of global trade tensions and the current challenges in the property sector. EEI, one of the country’s leading construction companies, has multiple mega infrastructure projects in the pipeline, including big-ticket railway projects.
Wilcon out to regain growth momentum

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — Home improvement and finishing construction supply retailer Wilcon Depot Inc. is set to spend as much as P3.2 billion this year as the company gears up for its return to growth. Wilcon president Lorraine Belo-Cincochan said the company is looking forward to going back to its growth path with the improvements implemented in terms of improving sales and increasing cost efficiency. “It’s been a challenging year, challenging times, but as always, we are very optimistic.
Stock prices pull back on Israel-Iran conflict

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — The local stock market opened the week with pessimism, snapping a two-day wining streak amid escalating geopolitical tensions. The benchmark Philippine Stock Exchange index fell by 0.58 percent or 37.01 points to end at 6,358.58. The broader All Shares index also capped off the session in negative territory, declining by 0.45 percent or 16.86 points to 3,768.45.
Next Robinsons estate rising in Taguig

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — Gokongwei-led Robinsons Land Corp. (RLC) has its sights on building its next destination estate in Taguig City. RLC is planning to transform its massive 22-hectare property in Taguig as its next destination estate project, boosting the company’s growing destination estate portfolio consisting of the 31-hectare Bridgetowne in Pasig and Quezon City, the 18-hectare Sierra Valley Gardens in Rizal and 200-hectare Montclair in Pampanga.
Sideways trading seen amid Middle East tensions

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — The local stock market is likely to trade sideways once again this week as investors are expected to remain cautious amid ongoing tensions in the Middle East. The Philippine Stock Exchange Index (PSEi) finished in positive territory last Friday at 6,395.59, up by 0.29 percent week-on-week. Reyes Tacandong & Co. senior adviser Jonathan Ravelas said the PSEI moved sideways last week as buying momentum waned anew following renewed geopolitical risks.
Maya on hot streak, extends profit run

1 week ago | philstar.com | Richmond Mercurio

MANILA, Philippines — Maya Group continues its hot streak, with the all-in-one money platform sustaining its profitability as of last month. Manuel V. Pangilinan, chairman, president and CEO of PLDT Inc., which owns a partial stake in Maya, said the company’s performance in the first five months has been very encouraging. “Maya, as you know, has three revenue streams or three businesses, basically the wallet, merchant acquiring and the bank.
Sy Companies Lead Philippine Firms In Forbes Global 2000

2 weeks ago | onenews.ph | Richmond Mercurio

Business & Innovations Richmond Mercurio June 14, 2025 SM Investments, which operates as a holding company engaged in financial services, retail, banking and properties, was the highest-ranked Filipino company in the list at No. 811. Companies owned by the Sy family led seven Philippine firms that made it to this year’s list of the largest public companies in the world, according to Forbes. Forbes’ Global 2000 list included Sy-owned SM Investments Corp.
AboitizPower gets go-signal for P100 billion fixed-rate bonds

2 weeks ago | philstar.com | Richmond Mercurio

MANILA, Philippines — The Securities and Exchange Commission (SEC) has approved Aboitiz Power Corp.’s shelf registration of up to P100 billion in fixed-rate bonds. Securities may be registered for an offering to be made in tranches under the shelf registration program, allowing companies the ability to take advantage of opportunities in a volatile debt capital market. For its initial offering, AboitizPower is targeting to raise up to P30 billion.