Roxas and Company Inc. (RCI) is facing more financial challenges as the municipality of Nasugbu, Batangas announced that it is seeking the collection of unpaid real property taxes and may foreclose Haciendas Palico, Banilad, and Kaylaway (the Roxas Haciendas) if these are not paid. The announcement...
Tycoon Andrew Tan’s holdings company Alliance Global Group Inc. reported an 10.6 percent decline in attributable net income to P4.2 billion in the first quarter of 2024 from the P4.7 billion earned in the same period last year. In its presentation to stock analysts disclosed to the Philippine...
Chain restaurant and food service firm Shakey’s Pizza Asia Ventures, Inc. (SPAVI) reported a 15 percent drop in net income year-on-year to P171 million due to driven by higher operating expenses due to investments in the organization and in sales generating activities. In a disclosure to...
Ayala Land subsidiary AREIT Inc., the first Philippine real estate trust, reported a 45 percent jump in net income to P1.47 billion in the first quarter of 2024 from the same period last year, excluding the net fair value change in investment properties. In a disclosure to the Philippine Stock...
SM Prime Holdings Inc., one of the leading integrated property developers in Southeast Asia, is slated to open of SM City Caloocan on May 17, Friday. The firm said in a disclosure to the Philippine Stock Exchange, that this is its third mall in Caloocan City, and its first in the northern...
Sustained recovery of consumer demand, along with approved rate adjustments, boosted Razon-led Manila Water Co. Inc.’s net income in the first quarter. In a statement on Tuesday, May 14, Manila Water said that its profit soared 35 percent to P3.1 billion from P2.3 billion in the same period last...
D.M. Wenceslao and Associates, Inc. reported that its net income inched up 4.75 percent to P551 million in the first quarter of 2024 from the P526 million in the same period last year due to robust leasing operations. The firm said in a disclosure to the Philippine Stock Exchange that its leasing...
LT Group, Inc.(LTG), the investment arm of taipan Lucio Tan, reported a one percent improvement in attributable net income to P6.42 billion for the first quarter of 2024 from the P6.38 billion registered in the same period last year. The firm’s disclosure to the Philippine Stock Exchange showed...
Ayala Corporation, one of the country's leading conglomerates, reported that it sustained its growth momentum with a 26 percent growth in core net income, which excludes one-off items, to P11.8 billion in the first quarter of 2024 from P9.4 billion in the same period last year. In a disclosure to...
SP New Energy Corporation (SPNEC), a member of the Meralco Group of companies, has turned profitable in the first quarter of 2024 with a net income of P156 million and an attributable net income of P47.5 million from a loss of P24.57 million in the same period last year. Based on its disclosure to...
The local stock market bounced on strong investments data and hope for lower US inflation numbers. The main index jumped 92.32 points or 1.42 percent to close at 6,604.25 as the Services banking sectors surged. Volume was hefty at 947 million shares worth P11.01 billion as gainers beat losers 118...
MREIT, Inc., the real estate investment trust of the country’s largest office landlord Megaworld Corporation, is acquiring six office properties with a total value of P13.15 billion. In a statement, MREIT said that, upon the approval of the Securities and Exchange Commission (SEC), the...
