While grappling with rising raw material costs in all divisions, San Miguel Food and Beverage Inc. expects its beer and spirits businesses to continue to recover as the economy reopens. “We are almost half-way through 2022 and many macro uncertainties have emerged including accelerating inflation...
The Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering of VistaREIT, Inc., the real estate investment trust of the Villar group, worth up to P9.18 billion to be conducted from May 30 to June 3, 2022. In a statement, the bourse said VistaREIT The company is expected to...
The Philippine Stock Exchange has approved the planned initial public offering (IPO) of renewable energy producer Raslag Corporation worth up to P700 million. The solar power company will offer up to 350 million primary shares and up to 52.50 million over-allotment option shares at a price of up to...
Diversified conglomerate San Miguel Corporation posted a 19 percent drop in net income to P13.94 billion in the first quarter of 2022 from P17.17 billion in the same period last year due to non-recurring items. In a statement, the firm said consolidated income from operations jumped 25 percent to...
San Miguel Food and Beverage, Inc. reported a 5 percent decline in consolidated net income to P9.2 billion in the first quarter of 2022 from P9.7 billion in the same period last year. However, the firm said in a statement that, excluding non-recurring benefits in the first quarter of 2021 related...
CATANAUAN, Quezon—The mayor of this town in Quezon province, said to be the one that suffered most from human rights abuses during Martial Law, joined priests and lay leaders in endorsing Vice President Leni Robredo’s presidential bid. Vice President Leni Robredo gets endorsement from Catanauan...
The Philippine Stock Exchange, Inc. (PSE) posted a 40 percent jump in net income to a record P919.48 million last year from the P656.81 million earned in 2020, surpassing the previous high of P867.55 million set in 2014. In a disclosure, the bourse said it also registered a 25.3 percent...
EDITORS DESK Ramon Bonilla The gates are now open. Gone were the days when we were restrained to digital viewing of our favorite sporting spectacles that were staged in controlled environments — basking in bright lights but without the touch of fan interaction. An offbeat of what was supposed to...
Almost two years and six initial public offerings later, real estate investment trusts (REITs) have proven to be a less volatile investment vehicle and a regular source of dividend income even during a pandemic. Five REITs listed at the Philippine Stock Exchange paid out a total of P5.77 billion in...
With 23 days left before the 2022 elections, the family of the late President Ramon Magsaysay has expressed full support for the presidential bid of Vice President Leni Robredo. The late President Ramon Magsaysay and Vice President Leni Robredo (File photos) In a statement released on Black...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), successfully debuted at the Philippine Stock Exchange (PSE) with its share price closing at P12.22 each, 1.83 percent higher than its initial public offering price of P12.00. The bank raised P3.36 billion from its IPO which...
From left: Diana Paterno, Mayor Andrea Ynares, Cong. Strike Revilla, Sen. Bong Revilla, Princess Ocampo, Coun. Rowena Mendiola, and Marlon Bautista. De La Salle University-Dasmarinas (DLSU-D) and the family of the late Ramon B. Revilla Sr. have agreed to establish the Don Ramon Revilla Sr....
