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Richmond Mercurio
Richmond Mercurio
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After strong 2024, Italpinas expanding to new locations
by Richmond Mercurio - April 21, 2025 - 12:00am
Italpinas Development Corp. (IDC), a listed real estate developer of sustainable properties in the Philippines, intends to expand into several new prime locations across the country as it looks to sustain its growth...
Stock traders to take cues from abroad
by Richmond Mercurio - April 21, 2025 - 12:00am
The local stock market seeks to regain its momentum as it returns from the Holy Week break, with investors expected to take their cue from overseas developments this week.
Cosco profit rises in 2024
by Richmond Mercurio - April 20, 2025 - 12:00am
Cosco Capital Inc., Lucio Co’s retail holding firm, saw earnings rise by a quarter in 2024 amid strong operating performance of major business segments.
DoubleDragon acquires 35% MerryMart stake for P1.28 billion
by Richmond Mercurio - April 20, 2025 - 12:00am
DoubleDragon Corp., the listed company owned by Edgar “Injap” Sia II and Tony Tan Caktiong, is entering the essential retail space with the acquisition of a 35-percent stake in MerryMart Consumer Corp....
SM Retail targets growing Gen Z market
by Richmond Mercurio - April 20, 2025 - 12:00am
SM Retail Inc., the retail arm of the Sy family’s SM Investments Corp., looks to capture a bigger portion of the growing Gen Z demographic as it strives to reach new consumer markets.
SM sees strong uptake for offices based in malls
by Richmond Mercurio - April 17, 2025 - 12:00am
SM Prime Holdings, the integrated property developer of the SM Group, is expanding its office portfolio to support the strong demand for its mall-based offices as more businesses seek premium spaces.
Profit-taking ends market’s 5-day climb
by Richmond Mercurio - April 17, 2025 - 12:00am
The local stock market snapped its five-day winning streak, ending the shortened trading week in the negative territory as investors decided to take profits.
ABS-CBN slashes net loss in 2024
by Richmond Mercurio - April 16, 2025 - 12:00am
ABS-CBN Corp. slashed its losses by more than half last year on the back of higher revenues from its content production and distribution segment coupled with lower expenses.
Emperador sees better year for brandy business
by Richmond Mercurio - April 16, 2025 - 12:00am
Emperador Inc. expects 2025 to be a better year for its brandy business, while its whisky business could remain challenging due to the potential impact of new trade policies from the United States.
PSE raises stake in PDS to 91%
by Richmond Mercurio - April 16, 2025 - 12:00am
The Philippine Stock Exchange Inc. has raised its ownership in the Philippine Dealing System Holdings Corp. to 91 percent with the acquisition of Tata Consultancy Services Asia Pacific Pte. Ltd.’s...
Eton sets new goals for next phase of growth
by Richmond Mercurio - April 16, 2025 - 12:00am
Eton Properties Philippines Inc., the real estate arm of Lucio Tan’s LT Group Inc., is setting its sights on refining its brand and strengthening operations as it embarks on the company’s next phase...
LBC poised for growth as it celebrates new milestone this year
by Richmond Mercurio - April 16, 2025 - 12:00am
LBC Express Holdings Inc., one of the largest logistics and money services firms in the country, is poised for growth as it marks a new milestone this year.
RLC expands partnership with UBE Express
by Richmond Mercurio - April 16, 2025 - 12:00am
Robinsons Land Corp. is expanding further its partnership with premium airport bus service provider UBE Express to bring convenience to more travelers.
PSEi advances further ahead of Holy Week break
by Richmond Mercurio - April 16, 2025 - 12:00am
Local stocks continued to advance ahead of the Holy Week break on hopes of lower US tariffs and further rate cuts by the Bangko Sentral ng Pilipinas.
DoubleDragon tops off Hotel101-Madrid
by Richmond Mercurio - April 15, 2025 - 12:00am
DoubleDragon Corp. has completed the structural framework of the 680-room Hotel101-Madrid, putting it on track for full completion by the end of the year.
Stocks sustain climb, up for 4th straight session
by Richmond Mercurio - April 15, 2025 - 12:00am
The local stock market was off to a strong start this shortened trading week, sustaining its momentum from last week, buoyed by Wall Street’s rebound last Friday.
Cautious trading seen on shortened trading week
by Richmond Mercurio - April 14, 2025 - 12:00am
The local stock market is expected to trade with caution this shortened trading week amid lingering global trade war fears.
SEC opens strategic sandbox for crypto service providers
by Richmond Mercurio - April 14, 2025 - 12:00am
The Securities and Exchange Commission (SEC) is introducing a regulatory sandbox for crypto-asset service providers (CASP) to facilitate responsible innovation and ensure investor protection given the continued growth...
Hotel101 Global eyes Nasdaq listing this Q2
by Richmond Mercurio - April 14, 2025 - 12:00am
DoubleDragon Corp., the listed property developer owned by Edgar “Injap” Sia II and Tony Tan Caktiong, is targeting to proceed with the US listing of subsidiary Hotel101 Global Pte. Ltd. this quarte...
CLI ramping up expansion plans in Visayas and Mindanao
by Richmond Mercurio - April 13, 2025 - 12:00am
Cebu Landmasters Inc. sees sustained appetite for high-value residential offerings outside Metro Manila, with its newest premier residential project in Cagayan de Oro nearly sold-out just two weeks after its...
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