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DMCI Holdings Acquires Mining Company

DMCI Holdings, Inc. has recently acquired a 40% stake of D&A Income Ltd. in ENK Plc., a London-based company which has interests in nickel mining projects in the country, for a purchase price of GBP42.03 million.

This transaction will effectively bring DMCI’s total stake to 100%. Currently, ENK Plc. has two adjacent nickel-cobalt project in Zambales.

philex5 DMCI Holdings Acquires Mining Company Read the rest of this entry »

Puregold To Merge With Company E

The local equities market ended marginally higher on last-minute buying of heavy-weight stocks. The PSEi marginally rose by 12.16 points, or +0.19%, to close at 6,348.50.

Before the end-of-day push, the index was trading in the negative territory as market players were being cautious ahead of the Monetary Board meeting.

Screen Shot 2013 10 22 at 5.40.44 AM Puregold To Merge With Company E Read the rest of this entry »

RWM Net Profit Dropped Last Year

Travellers International Hotel Group, Inc.’s (RWM) net profit dropped to Php2.74 billion last year, a 60% decline against the earnings incurred in 2012 of Php6.73 billion.

The huge drop in profits was mainly due to higher operating expenses and foreign exchange losses. The hotel operator’s expenditures reached Php28.76 billion, higher by 21% compared to the previous year.

NAIA RWM Net Profit Dropped Last Year Read the rest of this entry »

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