Bloomberry Resorts Corporation, the gaming business of billionaire Enrique K. Razon Jr., reported that its consolidated net income surged 85 percent to P9.5 billion last year from the P5.1 billion earned in 2022, driven by strong domestic market. The owner and operator Solaire Resort Entertainment...
Motorists filling up their vehicles with gasoline products will feel some pinch in their pockets this week as the price of this commodity will increase by P0.50 per liter, according to the pricing advisories of the oil companies. Conversely, diesel products will incur a moderate rollback of P0.40...
Local stock market investors will be looking for cues from the February inflation data to be released by the government this week as well as incoming corporate earnings reports. “This week, investors may take cues from our upcoming inflation data. An inflation print significantly higher than...
The power investment arm of Manila Electric Company (Meralco) will corner the majority stake of more than 40-percent in the $3.3 billion integrated liquefied natural gas (LNG) project originally owned and developed by SMC Global Power Holdings Corp. (SMGP) of the San Miguel group. According to...
Albay 2nd district Rep. Joey Salceda (Ellson Quismorio/ MANILA BULLETIN) The headaches keep coming for controversial vape brand Flava, which is in hot water as far as the House Committee on Ways and Means is concerned. This, after the Bureau...
CHORDS BY EMMANUEL RUBIO, ABOITIZ POWER CORP. PRESIDENT AND CHIEF EXECUTIVE OFFICER The generation of electricity and the production of food have a give and take relationship as they both require and compete for scarce resources like water and land. Suffice to say that the food value chain — from...
The Maharlika Investment Corporation (MIC) is set to enter an international governing body that will ensure effective operation and strengthen transparency of the state's wealth fund. This following the approval of MIC's proposal to apply for Associate Membership in the International Forum of...
The Philippine Stock Exchange index (PSEi) touched the 7,000 intraday level on Friday, March 1, but late profit taking pulled down the index as the week came to a close. The main index slipped by 25.12 points or 0.36 percent to close at 6,919.59 with Banks leading the retreat although the Property...
Philex Mining Corporation, the gold and copper producer controlled by tycoon Manuel V. Pangilinan through First Pacific Company, reported a 44.4 percent drop in core net income to P963 million last year from P1.73 billion in 2022 due to lower output from its Padcal mine. Philex Mining Corporation's...
Premium Leisure Corporation (PLC), a subsidiary of Belle Corporation, reported an 85 percent surge in consolidated net income to P2.32 billion last year from P1.26 billion in 2022 on the back of strong gaming and lottery revenues. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The PSEi jumped back to the 6,900 level, benefiting from the MSCI rebalancing and more upbeat corporate results. The main index rose 68.19 percent or 0.99 percent to close at 6,944.71 as Banks and Conglomerates led the charge although the Property and Mining counters retreated. Volume surged to 774...
While its core banking, retail, and real estate businesses continue to generate huge profits, SM Investments Corporation (SMIC) is relying on its portfolio investments for future growth and to steadily increase its share in total earnings in the coming years. SMIC President and CEO Frederic C....
