JG Summit Holdings Inc. (JGS), the flagship of the Gokongwei Group and one of the country’s leading conglomerates, reported that its core profits flew 129 percent to P14.9 billion for the first nine months of 2023 from P6.5 billion in the same period last year due to the record performance of...
GT Capital Holdings Inc., the Ty family conglomerate, reported that its consolidated net income rose 54 percent to P23.09 billion in the first nine months of 2023 from the P14.95 billion earned in the same period last year, boosted by its banking and automotive businesses. In a disclosure to the...
To cope with the El Niño phenomenon, West Zone concessionaire Maynilad Water Services, Inc. plans to reactivate more existing deep wells and construct new ones to enhance water availability. In a statement, Maynilad said on Tuesday, Nov. 14, that the company has reactivated 20 deep wells, with a...
Billionaire Andrew Tan’s investment arm Alliance Global Group Inc. (AGI) registered an 18 percent net income growth to P20.1 billion during the first nine months of 2023 from the P17.1 billion earned during the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
Razon-led Manila Water Co., Inc. reported that its profit for rose by more than half in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, Manila Water said its net income rose by 61 percent to P7.26 billion from January to September, compared to P4.52...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Billionaire Andrew Tan’s global whisky and brandy conglomerate Emperador Inc. reported a 5.5 percent decline in its attributable net income to P6.8 billion in the first nine months of 2023 from the P7.2 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange...
The Antonio family's Century Properties Group Inc. reported a 13 percent growth in net income to P1.3 billion in the first nine months of 2023 from the P1.1 billion earned in the same period last year anchored on higher housing sales. In a statement, the firm said it maintained a solid performance...
TOKYO, Japan - Marubeni Corporation, one of Japan’s largest diversified trading conglomerates or sogo shosha, remains committed to Maynilad Water Services Inc. and will not exit from the company when it undertakes its planned $1-billion initial public offering (IPO). This assurance was made by...
Multiple barangays within Pasig and Quezon City are subject to another water interruption, according to east zone concessionaire Manila Water Co. starting Saturday, Nov. 11. According to the water distribution utility, certain sites in Pasig will get new water valves in their system, such as the...
Taipan Lucio Tan’s investment holding company LT Group Inc. (LTG) reported a six percent dip in attributable net income to P19.25 billion for the first nine months of 2023 from the P20.41 billion earned in the same period last year due to a drop in profits from its tobacco business. In a...
West Zone Concessionaire Maynilad Water Services, Inc. reported the presence of yellow water in the water supplies of their consumers. In a statement on Thursday, Nov. 9, Maynilad addressed that the color is due to the high levels of Manganese in the raw water from an outlet of Angat Dam. The water...
