San Miguel Food and Beverage Inc. (SMFB) reported that it has sustained its earnings growth as net income improved by seven percent to ₱40.9 billion last year on the back of the strong performance of its core businesses. In a statement, the firm said that it remained resilient despite evolving...
San Miguel Corporation (SMC) Chairman and CEO Ramon S. Ang’s firstborn John Paul L. Ang has been appointed director of Ginebra San Miguel Inc. due to the vacancy left by Francisco S. Alejo III, who resigned last Jan. 31, 2025. Ang is currently a director and the President and Chief Operating...
SM Hotels and Convention Corp. (SMHCC), a unit of Sy-led SM Prime Holdings Inc. (SMPHI), is investing almost ₱15 billion to support its five-year expansion program. In a disclosure to the Philippine Stock Exchange, SM Prime said the expansion includes developing eight new hotels and two...
The price of Ferronoux Holdings Inc. shares surged 49.53 percent to hit its intraday ceiling of ₱8 per share after the suspension in the trading of the stock was lifted by the Philippine Stock Exchange (PSE). The suspension was lifted after the firm submitted its comprehensive disclosure...
Listed mining firm OceanaGold (Philippines) Inc. (OGPI) said it paid ₱397.7 million in local business tax (LBT) to three municipalities in the provinces of Nueva Vizcaya and Quirino, as part of the company’s bid to share its success with local communities. In a statement on Monday, March 3,...
DFNN Inc. has partnered with the state-run Philippine Charity Sweepstakes Office (PCSO) to launch “LottoMatik,” a handy, portable point-of-sale (PoS) device aimed at increasing lotto sales and enhancing funding for the government’s various charitable programs. In a disclosure to the...
Globe Telecom Inc. is pushing the government to establish a validated database where registrants’ identity can be verified amid the alleged proliferation of pre-registered SIM cards being sold online. Globe issued the statement on Monday, March 3, after the Presidential Anti-Organized Crime...
LT Group Inc., the holding company of taipan Lucio Tan, reported a 14 percent improvement in attributable net income to a record high of ₱28.92 billion last year from the ₱25.42 billion reported in 2023 on the back of strong growth in its tobacco, banking, liquor, and beer businesses. In its...
Aboitiz-led Union Bank of the Philippines (UnionBank) is raising up to ₱76.35 billion through issuances from both its Euro Medium Term Note (EMTN) Program and Peso Bonds Program. In a disclosure to the Philippine Stock Exchange, the bank said its board has approved the planned issuances as well...
Meralco PowerGen Corporation (MGen) has expressed interest in revisiting the Caliraya-Botocan-Kalayaan (CBK) hydropower complex, depending on specific deal structures. Emmanuel V. Rubio, president and chief executive officer (CEO) of MGen, shared in an ambush interview that they may revisit the...
The Court of Tax Appeals (CTA) has cancelled and set aside the P48.5 million in local franchise taxes assessed for collection by the Cagayan provincial government against Smart Communications, Inc. for the years 2011 to 2015. “We find that petitioner’s (Smart Communications) franchise...
President Marcos has ordered the Department of Transportation (DOTr) to secure the broadband co-sharing partnership with Smart Communications, Inc. to resolve frequency issues concerning the North-South Commuter Railway (NSCR) Project. President Ferdinand 'Bongbong' Marcos Jr. (File Photo/Mark...
