Robinsons Retail Holdings Inc. (RRHI), a member of the Gokongwei Group, is seeking to accelerate its expansion outside of Metro Manila—mainly through its supermarket and drugstore businesses. RRHI President and CEO Robina Gokongwei-Pe During the firm’s annual stockholders’ meeting, RRHI...
Goldilocks Bakeshop, Inc., one of the most enduring and beloved Filipino brands in the SM group’s portfolio investments, is boosting its expansion through partnerships as it rolls out an additional 30 franchise-owned stores in 2024. In a statement, SMIC said Goldilocks has 926 stores as of...
The Ayala Group’s semiconductor manufacturing arm Integrated Micro-Electronics, Inc. (IMI) reported a net loss of $3.7 million in the first quarter of 2024, or 394 percent or almost five times the $749,000 incurred in the same period last year. In a disclosure to the Philippine Stock...
The Zobel family’s real estate giant Ayala Land, Inc. reported a 39 percent jump in net income to P6.3 billion for the first quarter of 2024 while consolidated revenues increased by 33 percent to P41.0 billion from the first quarter of 2023. In a briefing, ALI said it delivered significant...
Tycoon Andrew Tan’s Megaworld Corporation, the country’s leading township developer, posted a 10 percent improvement in net income to P5.02 billion during the first quarter of 2024 from the P4.56 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
PLDT Inc. expects to find a likely candidate for the successor of its former President Alfredo Panlilio by next year as Chairman and CEO Manuel V. Pangilinan does not intend to hold on to the post for long. PLDT Chairman and CEO Manuel V. Pangilinan “The search is ongoing. I have seen two or...
PLDT Inc., the country’s largest telecommunications firm, is considering the sale or the real estate investment truest (REIT) listing of its data center business which it values at more than $1 billion. PLDT Chairman and CEO Manuel V. Pangilinan In an interview, PLDT Chairman and CEO Manuel...
Century Pacific Food, Inc. (CNPF), a food and beverage company controlled by the Po family, reported a 15 percent growth in unaudited net income year-on-year to P1.7 billion in the first quarter of 2024. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues grew...
PLDT Inc., the country’s largest telecommunications firm, expects single digit growth in revenues this year with a net income of about P35 billion as it reported a nine percent year-on-year growth in net income to P9.8 billion in the first quarter of 2024. PLDT and Smart Chairman and CEO Manuel...
SM Investments Corporation (SMIC) and subsidiary SM Prime Holdings Inc. reported that they have jointly established a $3.0 billion Multi-Issuer European Medium Term Note (EMTN) Programme. In a disclosure to the Philippine stock Exchange, SM Prime said the EMTN Programme was established through SMIC...
San Miguel Food and Beverage Inc. (SMFB), one of the core units of diversified conglomerate San Miguel Corporation, reported that its consolidated operating income climbed 13 percent to P13.1 billion, fueled by increased sales in its Food and Spirits divisions. Based on its Philippine Stock...
Roxas and Company, Inc. (RCI) reported today, May 8, that its independent director Aurelio Montinola III has resigned after the firm disclosed the day before, May 7, that his wife has acquired a significant amount of the firm’s shares at a discounted price of P500 million. In a disclosure to the...
