Trading this week will be influenced by the release of economic data, including the much-awaited gross domestic product (GDP), as well as more first quarter earnings reports. “Market sentiment may still have a bearish bias as investors continue to adjust their economic recovery expectations, from...
The internal communications campaign engaged Ginebra San Miguel Inc. employees and partners to show ‘malasakit,’ and ensure timely and factual COVID-19 information is disseminated Photo from GSMI When the pandemic hit the country hard in March 2020, for many companies, the traditional model for...
International Container Terminal Services Inc. reported a 51 percent hike in unaudited consolidated attributable net income to US$90.1 million in the first quarter of 2021 from the US$59.6 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Diversified conglomerate San Miguel Corporation posted a strong recover in the first quarter of 2021 with net income amounting to P17.2 billion, 15 times better than the P1.1 billion it earned in the same period last year. In a statement, the firm said almost all its major...
PLDT Inc. (PLDT) hauled in P44.8 billion revenues, up 8%, in the first quarter of 2021, led by data/broadband, which grew 15%, to P33.9 billion, though net earnings dipped 2% to P5.8 billion. Nevertheless, the telco's core income (excluding the impact of asset sales and Voyager Innovations) climbed...
After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
LT Group, Inc. (LTG), the flagship of taipan Lucio Tan, is almost doubling its capital expenditures budget in 2021 as it is optimistic that the local economy will improve this year. During the firm’s annual stockholders’ meeting, LTG President and Chief Operating Officer Michael G. Tan said...
San Miguel Food and Beverage Inc. bounced back to profitability in the first quarter of 2021 with a 66 percent consolidated net income growth to P9.68 billion from the same period last year. “After a challenging year dominated by the COVID-19 pandemic, SMFB quickly implemented programs to adapt...
Smart Communications, Inc. (Smart) is launching its 5G roaming services in the United States with AT&T. The telco currently has 5G roaming services in 16 countries, with 22 international partners. Smart’s partnership with AT&T – the leading mobile services provider in the U.S. –...
Real estate giant Ayala Land Inc. (ALI) reported a 36 percent drop in net income to P2.8 billion in the first quarter of the year as it continued to weather the impact of the ongoing COVID-19 pandemic on its operations. In a disclosure to the Philippine Stock Exchange, the firm said it registered a...
Philippine National Volleyball Federation Inc. (PNVF) board member Tony Liao said players that were absent from the recent tryouts could still make it to the national team being formed for the 31 st Southeast Asian Games late this year. This came after PNVF president Tats Suzara stressed that...
Cavite-Laguna Expressway (CALAX) Subsection 5, targeted to open to motorists in the third quarter of 2021, is 93 per cent complete, MPCALA Holdings Inc. Friday, (April 30) announced. Subsection 5 is a 7.2km, 2x2 lane expressway linking Sta. Rosa-Tagaytay Interchange to Silang East Interchange....
