Jollibee Foods Corporation (JFC), one of Asia’s largest food service companies, reported a 109.4 percent jump in net income for the first half of 2021 to P1.13 billion from a net loss of P11.96 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Jollibee Foods Corporation (JFC), one of Asia’s largest Asian food service companies, is buying out its remaining partners in the fund that owns the Tim Ho Wan brand at a cost of about P2.65 billion. In a disclosure to the Philippine Stock Exchange, JFC said its wholly-owned subsidiary Jollibee...
The local stock market dipped despite the report of a stronger than expected gross domestic product (GDP) for the second quarter as investors fret over the impact of the lockdown in the second semester. The main index shed 9.34 points or 0.14 percent to close at 6,623.23 with sectoral indices...
The local stock market opened the week on a high note following gains in the US last Friday and in anticipation of better economic data to be announced on Tuesday. The main index jumped 92.66 points or 1.42 percent to close at 6,632.57 as the Property sector surged 3.65 percent while the Mining and...
Photos from AFP San Miguel Corporation (SMC) president Ramon S. Ang has pledged a total of P22 million in incentives to the Tokyo Olympics medalists who carried the Philippines to its greatest performance yet in 97 years of competing in the biggest sporting stage. Ang, a longtime sports patron,...
The Philippine Hospital Association (PHA) on Monday, Aug. 9, said it is set to have a meeting with the Philippine Health Insurance Corporation (PhilHealth) on Tuesday to discuss "uncertainties" regarding the coverage for coronavirus disease (COVID-19) patients. (Photo from Unsplash) Speaking to GMA...
Real estate giant Ayala Land Inc. is raising up to P5.5 billion from a planned offering of fixed-rate retail bonds with a 10-year tenor. The issuance consists of the base issue of P2.75 billion in relation to the first tranche of ALI’s new 3-year Securities Program (2021 SP) of up to P50 billion,...
The Land Transportation Franchising and Regulatory Board (LTFRB) said drivers and operators of public utility vehicles (PUVs) will no longer have to pay terminal fees in some malls during the two-week enhanced community quarantine (ECQ) in Metro Manila. (File photo/ MANILA BULLETIN) In a statement,...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) has assured that it is now working to address the complaints of hospitals in claims processing delays. Citing its records, PhilHealth said it has already paid a total of...
The Light Rail Manila Corporation (LRMC) has unveiled a special themed train on Light Rail Transit Line 1 (LRT-1) as part of efforts to boost the country's vaccination program against the coronavirus disease (COVID-19). LRMC President and CEO Juan F. Alfonso and Ingat Angat Tayong Lahat...
Robinsons Land Corporation (RLC), the real estate arm of the Gokongwei group of companies, reported a 48 percent jump in net income to P5.45 billion for the first six months of 2021. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose by 55 percent to P26.00...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P29.6 billion in the first six months of 2021—a significant turnaround from its P4.0 billion net loss in the same period last year. In a statement, the firm attributed its performance to the robust recoveries posted by...
