Petron Corporation reported a decline in net income for the first nine months of 2024, as challenges in the international oil market persisted, despite achieving revenue and sales growth. In a statement on Tuesday, Petron reported that its net income dropped to P7.1 billion in the first nine months...
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...
Cebu-based fuel retailer Top Line Business Development Corp. (Topline) is launching its P3.16 billion initial public offering before the year ends to be the last maiden offering at the Philippine Stock Exchange for 2024. The PSE said it has approved the firm’s IPO tentatively slated for Nov. 27...
The Philippine Stock Exchange (PSE) is planning to launch two new product offerings in the next two years, the Global Philippine Depository Receipts (GPDRs) and derivatives such as index futures. PSE President Ramon S. Monzon said GPDRs are peso-denominated instruments that represent an economic...
San Miguel Corporation, the diversified conglomerate controlled by tycoon Ramon S. Ang, has completed its P1.02 billion acquisition of the interests of Razon-led Manila Water Company in two Bulacan water projects. In a disclosure to the Philippine Stock Exchange (PSE), Manila Water said the closing...
PHINMA Properties, the real estate arm of the Del Rosario’s PHINMA Corporation, is investing P12 billion for the development of its township in Bacolod City called Saludad. In a disclosure to the Philippine Stock Exchange, the firm said it launched the township last October 19 to reveal its...
In a startling report on climate adaptation, the Intergovernmental Panel on Climate Change revealed warming-fueled disasters are already worse than scientists first predicted. Sudden shifts in weather patterns are not new, but they are happening at a rate and intensity that pose a growing risk to...
Ayala Corporation chairman Jaime Augusto Zobel de Ayala, Ayala Land president and CEO Meean Dy, Department of Transportation Undersecretary Andy Ortega, Calamba City Mayor Ross Rizal, Department of Public Works and Highways Director Pelita V. Galvez, Toll Regulatory Board Executive Director Atty....
SMC Infrastructure and Ayala Greenfield Development Corporation (AGDC), a joint venture between Ayala Land Inc. and the Campos family’s Greenfield Group have broken ground on the Ayala Greenfield Interchange. In a statement, ALI said this is a critical infrastructure project set to improve...
The Philippine Stock Exchange (PSE) will hold this year’s edition of the Road to IPO on Oct. 22, 2024 for companies planning to raise capital through the equities market. In a statement, the PSE said the event will feature presentations and discussions on what going public entails. The PSE is...
CEBU CITY – An influential political clan in Danao City, Cebu is backing the candidacy of a philanthropist, who is going up against the formidable incumbent Gov. Gwen Garcia. THE Durano clan led by its patriarch Danao City Vice Mayor Ramon ‘Nito’ Durano III (third from right)...
PHINMA Education Holdings, Inc., the private higher education unit of PHINMA Corporation, reported the completion of the initial investment of leading global investment firm KKR. According to PHINMA, The transaction, first announced in May 2024, has closed following the completion of the...
