Vitarich Corporation, a leading poultry integrator and manufacturer of animal feeds, delivered record results in 2024 with net income surging 68 percent to an all-time high of ₱216.6 million last year from ₱129 million in 2023, with profitability in all segments of the business. In a disclosure...
The Tantoco family has decided to combine all its consumer brands under one roof through the acquisition by publicly-listed SSI Group Inc. of Rustan Marketing Corporation (RMK) for ₱232.08 million. In a disclosure to the Philippine Stock Exchange, SSI said its Board of Directors had approved the...
The local stock market resumed its downward trend after a minor pause the previous day as Trump's tariff pronouncements continue to unnerve investors. The PSEi lost 26.54 points or 0.43 percent to close at 6,139.51 although sector indices were equally divided. Volume dipped to 828 million...
Arthaland Executive Vice President Christopher Narciso Arthaland Corporation, the upscale and green property developer controlled by the Po family, plans to develop three residential projects this year while holding off new office buildings as the leasing market remains soft. In an...
Food and beverage firm Monde Nissin Corporation reported a turnaround last year with a net income of ₱450 million from a net loss of ₱625 million in 2023 even though its meat alternative business continues to rack up losses. In a disclosure to the Philippine Stock Exchange, the firm said...
Monde Nissin Corporation COO Michale Stanley D. Tan Food and beverage firm Monde Nissin Corporation is sending its Chief Operations Officer, Michael Stanley D. Tan, to its UK-based meat alternative business, which has been facing financial challenges, to make it more efficient. In a...
Romualdez-led miner Benguet Corp. (BC) is looking at better earnings this year due to rising gold prices while planning to diversify its business after shedding off debt. “As gold prices continued to soar, breaching the $3,000-per-ounce level this year, Benguet is positive that 2025 will surpass...
Vivant Energy Corporation has announced that its subsidiary, Calamian Islands Power Corp. (CIPC), has entered into a power supply agreement (PSA) with Busuanga Island Electric Cooperative, Inc. (BISELCO) to address Palawan’s rising energy demand. In a disclosure to the Philippine Stock Exchange...
The Philippine Stock Exchange index (PSEi) managed to stay above the red line on late bargain-hunting as investors start betting on a rate cut next month. The main index added 6.20 points or 0.10 percent to close at 6,166.05 as the Services sector led the advance while Conglomerates and...
Estelito "Titong" Patdu Mendoza From defending powerful tycoons in high-profile corporate battles to serving as the government's chief legal strategist, Estelito Mendoza's career was a tapestry of legal victories and controversies. Mendoza, “Titong” to those who knew him, was a prominent...
Filinvest Development Corp. (FDC), the investment holding company of the Gotianun Group, reported a 36-percent jump in attributable net income to ₱12.1 billion last year from the ₱8.9 billion recorded in 2023, following a double-digit improvement across all business segments. In a disclosure to...
Lorelie Quiambao Osial, Shell Pilipinas president and chief executive officer Shell Pilipinas Corp. announced that its net income grew in 2024, reversing the substantial drop in 2023. In a disclosure to the Philippine Stock Exchange on Wednesday, March 26, Shell reported a ₱1.3-billion net income...
