PHINMA Corporation reported a 40 percent hike in core net income to P1.22 billion in the first nine months of 2023 from P871.48 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said its consolidated revenues rose to P15.46 billion for the nine...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Motorists using diesel in their vehicles are up for happy rides this week as the price of this fuel commodity will be on rollback by a hefty P3.00 per liter, according to the pricing adjustment advisories of the oil companies. For gasoline products, the price cut will be at leaner P0.70 per liter;...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, reported a 5.7 percent dip in attributable net income to P6.82 billion in the first nine months of 2023 from the P7.24 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange...
TOKYO, Japan - Marubeni Corporation, one of Japan’s largest diversified trading conglomerates or sogo shosha, remains committed to Maynilad Water Services Inc. and will not exit from the company when it undertakes its planned $1-billion initial public offering (IPO). This assurance was made by...
TOKYO, Japan - Metro Pacific Investments Corporation (MPIC) intends to close the deal to acquire a strategic interest in coconut products exporter Axelum Resources Corporation before the end of this year despite the need to do further due diligence on the company. In a press briefing, MPIC Chief...
The Anti-Red Tape Authority (ARTA) joined the Clark Development Corporation (CDC) in launching a Business One-Stop Shop (BOSS) facility in the Clark Freeport Zone (CFZ), Pampanga, to help different stakeholders by simplifying cumbersome processes. ARTA director-general Secretary Ernesto Perez and...
President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) House Speaker Martin Romualdez has hailed President Marcos' decision to maintain the independence of the Board of Directors of the Maharlika Investment Corporation (MIC). "This move...
CANDON, Ilocos Sur -- As the largest fast food chain company in the country, the Jollibee Group Corporation (JGC) through its corporate social responsibility arm, Jollibee Group Foundation (JGF), is helping lift the lives and labor of farmers in Ilocos Sur. The Farmers Entrepreneurship Program...
President Marcos now has the power to reject nominees to the Board of Directors of the Maharlika Investment Corporation (MIC) based on the revised implementing rules and regulations (IRR) of the Maharlika Investment Fund (MIF) Act. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang file...
Nickel Asia Corporation (NAC), the country’s top nickel producer, saw a 47 percent fall in its attributable net income to P3.6 billion in the first nine months of 2023 from the P6.9 billion reported in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
The financial future of Filipino-led Alternergy Holdings Corporation is treading through favorable prospects as it logged net income upturn to P96.98 million in the initial quarter of fiscal year 2024 versus P1.66 million in the same period last year. In a disclosure to the Philippine Stock...
