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...
The Department of Justice (DOJ) might release the resolution of the complaints against the alleged religious cult Socorro Bayanihan Services Inc. (SBSI) by middle of November. Justice Undersecretary Nicholas Felix Ty on Monday, October 9 disclosed this during the Senate Finance Committee...
The Po and Gokongwei families have beefed up their stakes in Shakey’s Pizza Asia Ventures Inc. (PIZZA), one of the leading food service groups in the Philippines, by buying out the stake of Singapore’s sovereign wealth fund GIC for P2.69 billion. In a disclosure to the Philippine Stock Exchange...
San Miguel Food and Beverage Inc. (SMFB), a core unit of diversified conglomerate San Miguel Corporation, posted a 4.6 percent growth in consolidated net income to P27.5 billion in the first nine months of 2023 from P26.3 billion in the same period last year. In a statement, the firm said it...
The Po family’s Century Pacific Food Inc. (CNPF), one of the country’s leading food and beverage companies, reported a 10 percent year-on-year improvement in net income to P4.6 billion in the first nine months of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it...
STI Holdings, one of the biggest networks of private schools in the Philippines, more than doubled its net income to P873.8 million for the fiscal year ending June 30, 2023, from the previous year's P416.2 million. In its annual disclosure to the Philippine Stock Exchange (PSE), the company said...
Property giant Ayala Land Inc. (ALI) posted a 38 percent hike in total net income to P18.4 billion in the first nine months of the year as consolidated revenues improved 15 percent to P98.9 billion year-on-year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it maintained a...
Billionaire Andrew Tan’s leisure development business Global-Estate Resorts Inc. (GERI) reported that its net income was up slightly to P1.5 billion in the first nine months of 2023 from the P1.45 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
San Miguel Brewery Inc. (SMB), San Miguel Corporation’s privately-held brewing unit, reported a 20.2 percent hike in consolidated net income to P19.4 billion in the first nine months of 2023 versus the same period last year. In a statement, the firm said its performance was driven mainly...
West Zone concessionaire Maynilad Water Services, Inc. said the company will put higher discounts on the water bills of low-income and low-consuming customers. Starting Jan. 1, 2024, Maynilad will launch the Enhanced Lifeline Program (ELP) as a way to extend greater discounts to marginalized...
A Senate panel on Tuesday, November 7 lifted the contempt order against the four leaders of the Socorro Bayanihan Services Inc. (SBSI) or the so-called Socorro "cult" namely Jey Rence Quilario also known as "Senyor Agila", Janeth Ajoc, Mamerto Galanida, and Karren Sanico. The Senate security group...
