Marcventures Holdings Inc. (MHI) consolidated income during the first nine months of the year surged to P790.31 million, a 384.32 percent increase from the P163.18 million the company had in the same period last year. This is amid the robust third quarter performance of the firm’s subsidiary,...
AREIT Inc., the pioneering Real Estate Investment Trust (REIT) in the Philippines, reported a 49 percent jump in net income to P1.49 billion in the first nine months of 2021. In a disclosure to the Philippine Stock Exchange, the firm said this figure excludes fair value gain and one-time reversal...
AC Logistics Holdings Corp., a wholly owned subsidiary of Ayala Corporation, is acquiring a controlling 60 percent stake in the Air 21 Group from Alberto D. Lina for an undisclosed sum. In a statement, AC Logistics said it has signed an Investment Agreement with Lina, Air 21 Holdings Inc. (AHI),...
Global Ferronickel Holdings, Inc. (FNI), the country’s second-largest nickel ore producer, saw its income going up by 19.4 percent to P1.86 billion during the first nine months of the year, compared with P1.56 billion during the same period last year. Photo from Global Ferronickel Holdings, Inc....
Manila Water posted a six percent improvement in earnings to P3.4 billion for the first nine months of 2021 from the same period last year. In a statement, the firm said growth was driven mainly by the significant increase in contribution from its international affiliates and key domestic...
Megaworld subsidiary Global-Estate Resorts, Inc. (GERI) reported a 25 percent growth in attributable net income to P772 million in the first nine months of 2021 from P619 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the Philippines’ leading developer of...
Emperador Inc., the largest global brandy company, reported a 24 percent growth in attributable net income to P7.3 billion in the first three quarters of 2021 after deducting a non-cash deferred tax expense. In a disclosure to the Philippine Stock Exchange, the firm said normalized (excluding...
San Miguel Food and Beverage, Inc. (SMFB) reported a 68 percent jump in consolidated net income to P24.2 billion in the first nine months of the year “following solid strategic pivots that allowed it to address the challenges of the COVID-19 pandemic on its businesses.” In a disclosure to the...
ACE Enexor Inc., the oil and gas company of the Ayala group, has cemented a joint venture agreement with US firm Red Holdings B.V., a subsidiary of Gen X Energy for the development of a 1,100-megawatt combined cycle gas-fired power project. In a disclosure to the Philippine Stock Exchange (PSE) on...
The International Finance Corp. (IFC) is investing in a social bond to be issued by Ayala Corp.’s foreign subsidiary that will fund the development of an integrated health ecosystem in the country. The IFC, a member of the World Bank Group, said on Thursday, Nov. 11, that it invests $100 million...
The Metropolitan Waterworks and Sewerage System (MWSS) has penalized Maynilad Water Services Inc. due to failure to provide 24/7 water supply to its customers in BF Homes, Parañaque sometime in May. In an advisory, the MWSS Regulatory Office (MWSS RO) said that it will conduct a virtual public...
Smart_500x500 Smart Communications, Inc. (Smart) has expanded its nationwide 5G network to 6,400 base stations, surpassing its initial target of 3,800 for 2021. This puts Smart's total base stations as of end-September to 72,600, enabling Smart to cover 96% of the population from Batanes to...
