Rizal Commercial Banking Corporation (RCBC), a core business of the Yuchengco Group, reported a 10 percent decline in net income to P9 billion in the first nine months of 2023 from the P10.1 billion earned in the same period last year. In a statement, the bank said net income came on the back of a...
Lopez Holdings Corporation reported a 27 percent growth in attributable net income to P5.21 billion for the first nine months of 2023 from the P4.12 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the unaudited consolidated...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), posted a record net income of P2 billion for the first nine months of 2023, outperforming the full-year 2022 profit of P1.8 billion by 12 percent. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it...
The scale of profitability for Shell Pilipinas Corporation had slowed down to P2.1 billion in this year’s three quarters from a healthier bottom line of P4.4 billion in a comparative period in 2022. The company said its nine-month income had gone up compared to the first half turnout of...
Manila 5th District Rep. Irwin Tieng (left), Zamboanga City 2nd district Rep. Mannix Dalipe (Facebook More high-ranking congressmen have welcomed the finalized implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF). House Committee on...
Metro Pacific Investments Corporation, now a privately-held conglomerate of the First Pacific Group and other top conglomerates, reported a 37 percent growth in consolidated core net income to P16.2 billion for the first nine months of 2023 from the P11.8 billion earned in the same period last...
Zobel conglomerate Ayala Corporation reported a 42 percent jump in core net income to P31 billion in the first nine months of 2023 compared to the same period last year due to the strong results of its real estate, banking, and renewable energy businesses. In a disclosure to the Philippine...
San Miguel Corporation's (SMC) net income for the nine-month period of 2023 soared 141 percent to P31.2 billion from P12.9 billion recorded in the same period last year driven by performance growth across its key subsidiaries. These subsidiaries include Petron Corporation, San Miguel Brewery Inc....
The consolidated net income of Yuchengco-led PetroEnergy Resources Corporation’s (PERC) had climbed 29% to P874 million as of end-September this year as against a leaner P677 million within a comparative period in 2022. For the third quarter alone, the company posted a profit of P282.696 million,...
MacroAsia Corporation (MAC), the aviation-support unit of tycoon Lucio Tan, reported a 172 percent boost in its net income for the first nine months of 2023 to P746 million from P274 million last year as its associate’s businesses continue to grow. In a disclosure to the Philippine Stock Exchange...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) There are many reason why Albay 2nd district Rep. Joey Salceda thinks Rafael Jose “Joel” Consing is an "excellent fit" for the job of president and chief executive officer (CEO) of the Maharlika...
(MANILA BULLETIN) House Senior Deputy Speaker Aurelio “Dong” Gonzales Jr. believes that Malacañang has created the "ultimate safeguard" to the Maharlika Investment Fund (MIF) with the finalization of the implementing rules and regulations (IRRs) for the law....
