Tycoon Andrew Tan’s township developer Megaworld Corporation reported a 16 percent growth in net income to ₱5.83 billion in the first quarter of the year as its growing focus on the provinces helped the performance of all of its core businesses. In a disclosure to the Philippine Stock Exchange,...
D&L Industries Inc., the country’s top specialty food ingredients and oleochemicals producer, is optimistic that the surge in its exports will continue to be a key growth driver, although it is exercising caution due to the uncertainties surrounding US tariff policies. In a media briefing, D&L...
SM Investments Corporation, the flagship of the Sy family, posted a nine percent growth in consolidated net income to ₱20.1 billion in the first quarter of 2025 from ₱18.4 billion in the same period last year, as rising consumer confidence translated to higher revenues. The firm said its...
The Zobels’ real estate giant Ayala Land Inc. is beefing up its hospitality portfolio will the planned major acquisition, new international partnerships, and the renovations of existing Seda hotels. During the firm’s first quarter briefing, ALI President and CEO Anna Ma. Margarita B. Dy said...
Strong affordable housing and premium residential sales outside of Metro Manila led to double-digit earnings growth for Century Properties Group Inc. (CPG). The firm said it has continued its strong momentum in the first quarter of 2025, reporting a net income of ₱473 million, a 16 percent...
Premium residential as well as commercial and industrial lot sales continue to fuel the growth of real estate giant Ayala Land, Inc. (ALI) as the middle-income condominium market in Metro Manila continues to be weighed down by weak sentiment, low demand, and excess supply. Despite headwinds, the...
Tycoon Lucio Co’s grocery retailer Puregold Price Club, Inc. (PGOLD) is the third listed major consumer company after Robinsons Retail Holdings Inc. and Wilcon Depot to report an uptick in consumer traffic and their growing basket sizes. Puregold posted a 6.5 percent improvement in consolidated...
Campos-led Del Monte Pacific Limited (DMPL) is talking to a potential investor for its US subsidiary, Del Monte Foods Holdings Limited (DMFHL), after deciding to let lenders take control of the unit instead of contributing $45 million for a dispute settlement. This comes after DMPL said its Board...
Port operator International Container Terminal Services Inc. (ICTSI) saw record-high earnings of $239.54 million in the first quarter of the year, driven by strong growth in its international portfolio, which remains relatively unaffected by recent trade upheavals caused by tariffs imposed by the...
Consunji-led Concreat Holdings Philippines (CHP) , the former Cemex Holdings Philippines Inc., expects 2025 to remain a challenging year for the local cement industry but is hopeful of a recovery in the medium term and a financial turnaround in three years. During the firm’s annual...
Wilcon Depot, Inc. (Wilcon), the country’s leading home improvement and finishing construction supply retailer, expects its earnings to return to a growth trajectory even though it continued to decline in the first quarter as it observes a rising trend in consumer spending. “Despite the drop in...
Villar-led Vista Land & Lifescapes, Inc., one of the Philippines’ leading integrated property developers and the country’s largest homebuilder, has raised $150 million from a syndicated term loan facility arranged by Sumitomo Mitsui Banking Corporation. In a disclosure to the Philippine Stock...
