San Miguel Food and Beverage Inc. (SMFB), one of the core units of diversified conglomerate San Miguel Corporation, reported that its consolidated operating income climbed 13 percent to P13.1 billion, fueled by increased sales in its Food and Spirits divisions. Based on its Philippine Stock...
Roxas and Company, Inc. (RCI) reported today, May 8, that its independent director Aurelio Montinola III has resigned after the firm disclosed the day before, May 7, that his wife has acquired a significant amount of the firm’s shares at a discounted price of P500 million. In a disclosure to the...
Real estate giant Ayala Land Inc. (ALI) is planning to issue P6 billion worth of Sustainability-linked Bonds, which has been assigned the highest Issue Credit Rating of PRS Aaa by Philippine Rating Services Corporation (PhilRatings). In a statement, PhilRatings said the proceeds of the proposed...
Diversified engineering conglomerate DMCI Holdings, Inc. reported a first quarter consolidated net income of P5.6 billion, 25 percent lower than the P7.5 billion earned in the same period last year due to lower contributions from most of its businesses. In a disclosure to the Philippine Stock...
As regulators expect a continuous decline in the Angat Dam’s elevation, two Metro Manila concessionaires assured the public of their readiness to provide enough supply in case water allocation is reduced. The National Water Resources Board (NWRB) recently shared its plan to possibly minimize the...
Cash-strapped Roxas and Company, Inc. (RCI) has received a much-needed P500 million capital infusion from Stonebridge Corporation, a company chaired by Gizela Gonzalez-Montinola. RCI has investments in real estate through Roxas Land Corporation and sugar milling through a minority interest in Roxas...
Alveo Land, the upper-middle income brand of Ayala Land Inc., is off to a strong start this year as it reported a record P12.7 billion in gross take up for the first quarter of 2024. Alveo President Joseph Carmichael Z. Jugo In a press briefing, Alveo President Joseph Carmichael Z. Jugo said this...
SAN MIGUEL BREWERY INC. will be conducting its annual meeting of stockholders on May 28, 2024, Tuesday at 2:00 PM virtually through the link that will be posted at the Company's website, www.sanmiguelbrewery.com.ph A copy of the official announcement published in...
SAN MIGUEL BREWERY INC. will be holding its annual meeting of stockholders on May 28, 2024, Tuesday at 2:00 PM virtually through the link that will be posted at the Company's website, www.sanmiguelbrewery.com.ph A copy of the official announcement published in Manila...
Sy family-controlled SM Prime Holdings, Inc., one of the leading integrated property developers in Southeast Asia, reported an 11 percent growth in consolidated net income to P10.5 billion in the first quarter of 2024 from the P9.4 billion generated in the same period last year. In a...
Wilcon Depot, Inc. (Wilcon), the country’s leading home improvement and finishing construction supply retailer, reported that its first quarter 2024 net income is weaker by 23.1 percent at P740 million compared to the same period last year. In a disclosure to the Philippine Stock Exchange,...
In an attempt to minimize water losses, west zone concessionaire Maynilad Water Services, Inc. has tapped an infrastructure intelligence firm to provide satellite and artificial intelligence (AI) technology to detect areas in need of repair. In a statement on Monday, May 6, Maynilad said it...
