Ramon "Tats" Suzara was elected president of the Asian Volleyball Confederation (AVC) only last September and just over the weekend was named executive vice president (EVP) of the sport’s world body International Volleyball Federation or FIVB. “It’s a great distinction and honor to be named...
Passenger experience at the Ninoy Aquino International Airport (NAIA) is expected to improve by 50 percent in the upcoming Christmas season amid improvements from New NAIA Infrastructure Corp.'s (NNIC) first 60 days since the takeover. In a briefing, Ramon S. Ang, NNIC president and chief...
EDITORS DESK Kevin Quiambao, one of the biggest names in the collegiate ranks, was embroiled in controversy for his alleged involvement in many “ligang labas,” or pocket tournaments that are usually done in barangays or towns, mostly organized by local politicos who desire to blend basketball...
Diversified conglomerate San Miguel Corporation (SMC) reported a 19 percent increase in net income to P37.1 billion in the first nine months of 2024, compared to P31.2 billion in the same period last year, driven by strong revenue increases across its diverse businesses. In a statement, the company...
Del Rosario-led PHINMA Corporation reported an 84 percent plunge in attributable net income to P122.73 million for the first nine months of 2024 from the P791.53 million earned in the same period last year due to huge non-operating expenses and losses of its property business. In a disclosure to...
San Miguel Food and Beverage Inc. (SMFB) posted an 11 percent hike in consolidated net income to P30.4 billion for the first nine months of 2024 due to significant growth registered across all business segments. In a statement, the firm said that, for the period ending Sept. 30, 2024, consolidated...
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...
