Diversified engineering conglomerate DMCI Holdings, Inc. reported that its profits shot up by 590 percent in the first quarter of the year to P4.3 billion from P616 million in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said this is because income drivers...
Vista Land and Lifescapes is planning to raise fresh funds via an issuance of fixed-rate US-Dollar Notes through wholly-owned subsidiary VLL International, Inc. In a disclosure to the Philippine Stock Exchange, the firm said the bonds will be a drawdown from VLLI’s MTN Programme. Vista Land...
Alliance Global Group, Inc. (AGI), the holding company of tycoon Andrew Tan, reported a 62 percent drop in net income to P10.3 billion last year compared to the P27.1 billion earned in 2019 as the pandemic hit most of its businesses. In a disclosure to the Philippine Stock Exchange, AGI said...
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, continues to recover from the impact of the pandemic as sales continued to improve during the first quarter of the year. In a disclosure to the Philippine Stock Exchange,...
Trading this week will be influenced by the release of economic data, including the much-awaited gross domestic product (GDP), as well as more first quarter earnings reports. “Market sentiment may still have a bearish bias as investors continue to adjust their economic recovery expectations, from...
The internal communications campaign engaged Ginebra San Miguel Inc. employees and partners to show ‘malasakit,’ and ensure timely and factual COVID-19 information is disseminated Photo from GSMI When the pandemic hit the country hard in March 2020, for many companies, the traditional model for...
International Container Terminal Services Inc. reported a 51 percent hike in unaudited consolidated attributable net income to US$90.1 million in the first quarter of 2021 from the US$59.6 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Diversified conglomerate San Miguel Corporation posted a strong recover in the first quarter of 2021 with net income amounting to P17.2 billion, 15 times better than the P1.1 billion it earned in the same period last year. In a statement, the firm said almost all its major...
PLDT Inc. (PLDT) hauled in P44.8 billion revenues, up 8%, in the first quarter of 2021, led by data/broadband, which grew 15%, to P33.9 billion, though net earnings dipped 2% to P5.8 billion. Nevertheless, the telco's core income (excluding the impact of asset sales and Voyager Innovations) climbed...
After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
LT Group, Inc. (LTG), the flagship of taipan Lucio Tan, is almost doubling its capital expenditures budget in 2021 as it is optimistic that the local economy will improve this year. During the firm’s annual stockholders’ meeting, LTG President and Chief Operating Officer Michael G. Tan said...
San Miguel Food and Beverage Inc. bounced back to profitability in the first quarter of 2021 with a 66 percent consolidated net income growth to P9.68 billion from the same period last year. “After a challenging year dominated by the COVID-19 pandemic, SMFB quickly implemented programs to adapt...
