Del Rosario controlled-PHINMA Corporation posted a 40 percent jump in consolidated core net income to P1.67 billion last year while consolidated net income grew 6.5 percent to P1.63 billion from P1.53 billion in 2022. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated...
Gotianun-led EastWest Banking Corporation (EW) broke its two-year downswing and reported a 32 percent growth to P6.1 billion net income last year on the back of sustained consumer loan growth and strong deposit generation. EastWest Bank President Jackie S. Fernandez “We witnessed...
The Yuchengco Group’s EEI Corporation reported that its subsidiary EEI Power Corporation (EEIPC) has inked a deal for the construction of a 145.2kWp Solar PV rooftop system with Dagupan Doctors Villaflor Memorial Hospital (DDVMH) in Mayombo District, Dagupan City. Present at the EEI Power-DDVMH...
Recently-delisted conglomerate Metro Pacific Investments Corporation expects to continue posting double digit growth this year after it reported a 90 percent surge in consolidated net income to a record P19.9 billion last year from P10.5 billion in 2022. MPIC Chairman, President, and CEO Manuel V....
The local stock market weakened further, weighed down by the performance of US stocks and the higher Philippine inflation numbers for February. The main index shed 26.92 points or 0.39 percent to close at 6,878.54 as the Industrial sector led the retreat while Banks managed to buck the trend....
Regus, a globally renowned brand for flexible workspaces, is set to open its first facility at Doña Elena Tower, a bustling 11-storey building in Sta. Mesa, Manila. Regus at Doña Elena Tower will offer a range of flexible spaces, including private office spaces, coworking areas, virtual offices,...
Profit of leading oil firm Petron Corporation soared to P10.1 billion in 2023 on the back of higher sales of jet fuel and liquefied petroleum gas (LPG). The oil firm said that its consolidated net income from January to December last year grew by 51 percent from P6.7 billion in 2022, while its...
Local share prices dropped after the government reported that inflation rose higher than expected last month. The main index lost 46.21 points or 0.66 percent to close at 6,905.46 as Banks led the retreat while Conglomerates advanced. Volume was still firm at 425 million shares worth P5.37 billion...
GMAC Logitech Refrigeration Corporation (GMAC), a joint venture between the Ayala Group’s AC Logistics Holdings Corporation and Glacier Megafridge Inc. (GMI), is tripling its cold storage capacity with the construction of a new facility in Davao del Norte. In a statement, AC Logistics said...
Aboitiz Power Corp. (AboitizPower) posted a significant rise in profit last year, buoyed by the strong performance of its generation and distribution businesses. In a disclosure to the Philippine Stock Exchange, AboitizPower reported that its net income from January to December 2023 grew by 27...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) has amended its Sustainable Finance Framework to align with current global standards. In a disclosure to the Philippine Stock Exchange (PSE), the bank its amended framework follows the Securities and Exchange Commission (SEC)...
Positive news from the US boosted local stocks although the Philippine Stock Exchange Index (PSEi) again failed to hold above the 7,000 level. The main index added 32.08 points or 0.46 percent to close at 6,951.67, boosted by gains of the Services and Property sectors. Volume was firm at 530...
