Recently-acquired assets and higher rent boosted the earnings of MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, by 25.6 percent to ₱932 million in the first quarter of 2025 from the ₱742 million earned in the same period last year. The firm said in a...
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...
The PSEi bounced back from the previous day’s profit-taking after investor sentiment was buoyed by the low Philippine inflation rate for April plus a number of positive corporate earnings reports. The main index rose by 59.06 percent or 0.93 percent to close at 6,418.69 with the Services sector...
The local stock market declined as investors pocketed gains from its recent runup prior to the release of makor economic reports. The main index dropped 52.23 points or 0.81 percent to close at 6,359.63 with the retreat led by Conglomerates and Miners. A total of 700 million shares worth P5.67...
One more from San Miguel Corporation Chairman Ramon S. Ang’s brood of eight children is taking a bigger role in the diversified conglomerate. In a disclosure to the Philippine Stock Exchange, Petron Corporation reported that 39-year-old Jacqueline L. Ang is one of the 12 newly-elected members of...
