The consortium-members of the Malampaya gas field will inject up to $800 million worth of investments to stretch the facility’s production life cycle, as anchored on the 15-year extension granted by the government on the project’s Service Contract (SC) 38. As emphasized by Prime Infrastructure...
Renewable energy firm SP New Energy Corp. (SPNEC), now chaired by tycoon Manuel V. Pangilinan through the controlling stake of MGen Renewable Energy (MGreen), reported a net income of P5.7 billion in 2023 after gaining 100 percent ownership of Terra Solar Philippines. Based on its disclosure...
Fruitas Holdings, Inc., the leading operator of multi-format food and beverage stores, has successfully raised P200 million from its maiden private placement of corporate notes. In a disclosure to the Philippine Stock Exchange, the firm said the notes issuance was arranged by RCBC Capital...
Fruitas Holdings Inc., the leading operator of multi-format food and beverage stores reported a 37 percent growth in consolidated net income to P113 million last year from the P82 million earned in 2022 on the back of record revenues. Fruitas disclose to the Philippine Stock Exchange (PSE) that it...
Alliance Global Group Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, reported a 20 percent growth in net income to a record P30.3 billion despite higher inflation which pushed overall costs and expenses up. In a disclosure to the Philippine Stock Exchange (PSE, the...
Richest Filipino Manuel B. Villar Jr.’s Vista Land & Lifescapes Inc., one of the country’s leading integrated property developers and the largest homebuilder, registered a 39 percent jump in net income to P10.3 billion last year. In a disclosure to the Philippine Stock Exchange (PSE),...
Shakey’s Pizza Asia Ventures Inc. (SPAVI), one of the country’s leading food service groups, reported a 23 percent improvement in net income to P1.08 billion last year from the P874 million posted in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said that despite the...
The Antonio family’s Century Properties Group Inc. (CPG) reported a 32 percent growth in consolidated net income to P1.86 billion last year from the P1.40 billion earned in 2022. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its net income for 2023 is a 10-year high...
Therma South Inc. (TSI), a subsidiary of Aboitiz Power Corp., emerged champion in the industrial brigade category in the recent Davao City Fire District Fire Olympics. FIREFIGHTERS from Aboitiz Power Corp. subsidiary Therma South Inc. are all smiles after topping the industrial brigade category of...
The National Labor Relations Commission (NLRC) junked a case for illegal dismissal, and non-payment of benefits including overtime filed by nine resigned "Eat Bulaga" employees against show producer Television and Production Exponents Inc. (TAPE) and its CEO and president, Romeo Jalosjos. ...
Tycoon Lucio Co’s retail holding firm Cosco Capital Inc. posted a one percent growth in its consolidated net income to P12.4 billion in 2023 from P12.3 billion a year ago on the back of record earnings from its liquor distribution business. In a disclosure to the Philippine Stock Exchange (PSE),...
VisMin developer Cebu Landmasters Inc. (CLI) has raised P4.28 billion from its follow-on offering of preferred shares including the exercise of the oversubscription option to meet demand. The company formally listed its Series A-1 and Series A-2 Preferred shares on April 12, 2024, after a listing...
