AGI Earmarks PhP240B for Capex Up to 2020

Alliance Global Group Inc. (PSE: AGI), the investment holding company of billionaire Dr. Andrew L. Tan, has announced a three-year capital expenditure (CAPEX) of PhP240 billion up to 2020 to ensure its organic growth. AGI’s CAPEX is intended to launch more development projects around the country, further increase its leasing capacities for its office buildings […]
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Alliance Global 9M Net Profit Grows 7% to PhP17.3B

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of tycoon Dr. Andrew L. Tan, recorded net income of PhP17.3 billion in the first nine months of the year, reflecting a growth of 7% year-on-year. This came on the back of cost efficiencies across all business segments, allowing for better operating margins as consolidated […]
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AGI to Spend More than PhP150B for Two-year Expansion Programs Across Businesses

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is allocating more than P150-billion for this year until 2017 to finance the various expansion plans of its companies. “We continue to be optimistic about what lies ahead. That is why we have kept an aggressive capex plan moving […]
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Alliance Global Records PhP11.3B Net Income in 1H

Manila—(PHStocks)—Alliance Global Group Inc. (PSE: AGI), the investment holding company of billionaire Dr. Andrew L. Tan, reported a net income of PhP6.08 billion in the second quarter of this year, reflecting an increase of 3% year-on-year and a 15% improvement quarter-on-quarter. The growth came on the back of a 3% expansion in consolidated revenues to […]
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Emperador Generates PhP7B Net Income in 2015

Manila—(PHStocks)—Emperador Inc. (PSE: EMP), the world’s largest brandy company, reported a net income of PhP7 billion on revenues of PhP43.6 billion last year, inclusive of foreign operations. The company made the highest quarterly net income in the fourth quarter of 2015, amounting to PhP2.26 billion, showing a 38% year-on-year increase versus the fourth quarter of […]
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Emperador Completes Acquisition of Bodegas Fundador

Quezon City—(PHStocks)—Grupo Emperador Spain S.A. has completed the purchase of Bodegas Fundador from Beam Suntory today. In a special ceremony in Jerez, known to be Spain’s brandy capital, Emperador was welcomed by the employees of Fundador and Spain’s local officials. The formal turnover was attended by Emperador Inc. (PSE: EMP) chairman Dr. Andrew L. Tan, […]
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Megaworld, Travellers Investing PhP65B to Build Westside City

Manila—(PHStocks)—Megaworld Corp. (PSE: MEG), the country’s leading developer of integrated urban townships, and Travellers International Hotel Group Inc. (PSE: RWM), the developer and operator of Resorts World in the Philippines, are allocating PhP65 billion to develop a 31-hectare leisure and entertainment township at the booming Entertainment City in Paranaque City. To be called Westside City, […]
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Megaworld to Open Belmont Hotel in Newport City

Makati—(PHStocks)—Megaworld Corp. (PSE: MEG) is set to launch a new hotel brand in Newport City this year. To be called Newport Belmont Hotel, this local brand by Megaworld will be first introduced within the company’s 25‐hectare township in Pasay City, just across the Ninoy Aquino International Airport Terminal 3. Set to be fully‐operational in October this year, Newport […]
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