Razon-led Manila Water Co., Inc. reported that its profit for rose by more than half in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, Manila Water said its net income rose by 61 percent to P7.26 billion from January to September, compared to P4.52...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Billionaire Andrew Tan’s global whisky and brandy conglomerate Emperador Inc. reported a 5.5 percent decline in its attributable net income to P6.8 billion in the first nine months of 2023 from the P7.2 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange...
The Antonio family's Century Properties Group Inc. reported a 13 percent growth in net income to P1.3 billion in the first nine months of 2023 from the P1.1 billion earned in the same period last year anchored on higher housing sales. In a statement, the firm said it maintained a solid performance...
TOKYO, Japan - Marubeni Corporation, one of Japan’s largest diversified trading conglomerates or sogo shosha, remains committed to Maynilad Water Services Inc. and will not exit from the company when it undertakes its planned $1-billion initial public offering (IPO). This assurance was made by...
Multiple barangays within Pasig and Quezon City are subject to another water interruption, according to east zone concessionaire Manila Water Co. starting Saturday, Nov. 11. According to the water distribution utility, certain sites in Pasig will get new water valves in their system, such as the...
Taipan Lucio Tan’s investment holding company LT Group Inc. (LTG) reported a six percent dip in attributable net income to P19.25 billion for the first nine months of 2023 from the P20.41 billion earned in the same period last year due to a drop in profits from its tobacco business. In a...
West Zone Concessionaire Maynilad Water Services, Inc. reported the presence of yellow water in the water supplies of their consumers. In a statement on Thursday, Nov. 9, Maynilad addressed that the color is due to the high levels of Manganese in the raw water from an outlet of Angat Dam. The water...
Cosco Capital Inc., the retail holding firm of tycoon Lucio L. Co, reported a modest 4.8 percent improvement in consolidated net income to P9.1 billion in the first nine months of 2023 from the P8.7 billion earned a year ago. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Processed tuna exporter Alliance Select Foods International Inc. (ASFII) reported a higher net loss of $867,000 in the first nine months of 2023 from $593,000-loss in the same period last year due to rising costs, interest payments and foreign exchange losses. In a disclosure to the Philippine...
Bacoor, Caloocan, Navotas, Quezon City, and San Juan are expected to experience water disruptions starting Thursday, Nov. 9, according to the two Metro Manila concessionaires, Manila Water Co. and Maynilad Water Services, Inc. This is due to the line and network maintenance conducted in the cities,...
Billionaire Andrew Tan’s township developer Megaworld Corporation reported a 39 percent growth in net income to P13.5 billion in the first nine months of 2023 as it posted double-digit growth across all core business segments. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
