Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
To efficiently help with the operations and maintenance of its water facilities, East zone concessionaire Manila Water Co. will roll out its integration of communication and automation technologies at the Calawis and Medium-Term Common Line (MTCL) Water Supply System Projects Phase 1. The...
San Miguel Food and Beverage Inc. (SMFB) posted an 11 percent hike in consolidated net income to P30.4 billion for the first nine months of 2024 due to significant growth registered across all business segments. In a statement, the firm said that, for the period ending Sept. 30, 2024, consolidated...
Century Pacific Food Inc. of the Po family, one of the leading branded food companies in the Philippines, posted a 14 percent improvement in net income to P5.3 billion in the first nine months of 2024 from P4.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange...
Zobel-led real estate giant Ayala Land Inc. (ALI) sustained its solid earnings growth momentum for the first nine months of 2024 with a 15 percent net income growth to P21.2 billion from P18 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Manuel V. Pangilinan-led Manila Electric Company has put up a new switching station for a data center in Sta. Rosa, Laguna. Meralco’s new infrastructure will support the power needs of VITRO Inc.'s AI-powered hyper-scale data center. VITRO is a subsidiary of ePLDT and the data center arm of the...
San Miguel Brewery Inc. (SMB) reported a 36.7 percent increase in net income to P23.4 billion from its Philippine operations in the first nine months of the year. In a statement, the subsidiary of diversified conglomerate San Miguel Corporation said this growth includes dividends of P7.4 billion...
Razon-led International Container Terminal Services, Inc. (ICTSI) reported a 31 percent increase in attributable net income in the first nine months of 2024 to $632.6 million from $484.5 million in the same period last year on the back of higher operating income. In a regulatory filing on Tuesday,...
The Philippine Chamber of Commerce and Industry (PCCI) has recognized SM Investments Corporation and BDO Unibank Inc. as among this year’s “Country Movers,” to highlight their significant contributions to national development. Presented during the 50th Philippine Business Conference and Expo...
The Philippine Competition Commission has approved the buyout by Ayala Land, Inc. (ALI) of Aboitiz Group’s 50 percent stake in their joint venture, Cebu District Property Enterprise Inc. (CDPEI), for P1.81 billion. In a disclosure to the Philippine Stock Exchange, Aboitiz Equity Ventures...
Suzuki extends its heartfelt sympathy to those affected by the devastation brought by Typhoon Kristine. To alleviate the burden of the brand’s valued customers, Suzuki is extending support through its Suzuki Helps, Aids and REbuilds (SHARE) Program under the brand’s CSR banner to our kababayans...
In an effort to expand its sewerage services in Parañaque City, Metro Manila West Zone concessionaire Maynilad Water Services Inc. is laying a new sewerage line that would benefit over 35,000 residents in the area. In a statement, Maynilad said it has invested P695 million to lay the sewage pipes...
