Universal Robina Corporation’s (URC) net income grew six percent to P10.9 billion for the first nine months of 2023 from P9.7 billion in the said period last year due to higher foreign exchange gains and finance costs. In a disclosure to the Philippine Stock Exchange (PSE), URC's sales this...
TOKYO, Japan -- Metro Pacific Health Corporation (MPH), an affiliate of conglomerate Metro Pacific Investments Corporation (MPIC), is aiming to grow its network to 40 hospitals by 2025. In a press briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A. Cabal-Revilla said they have...
Philex Mining Corporation, one of the oldest and largest gold and copper producers in Southeast Asia, reported a drop in core net income to P864 million for the first nine months of 2023 from the P1.54 billion earned in the same period last year as its Padcal mine nears depletion. In a disclosure...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) ACT Teachers Party-list Rep. France Castro led the Makabayan bloc on Thursday, Nov. 9, in filing a resolution asking an legislative investigation into National Grid Corporation of the Philippines’ (NGCP)...
The 7.8 million customers of Manila Electric Company (Meralco) will need to cough up higher budget in their electric bills this month, as the company’s overall pass-on tariff went up by P0.2347 per kilowatt hour (kWh) to P12.0545 per kWh from P11.8198 per kWh in the October billing cycle. For...
The Gokongwei Group’s property development arm Robinsons Land Corporation (RLC) reported a 31 percent growth in attributable net income to P8.84 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange (PSE), the firm also reported a 49 percent jump in...
Billionaire Andrew Tan’s township developer Megaworld Corporation reported a 39 percent growth in net income to P13.5 billion in the first nine months of 2023 as it posted double-digit growth across all core business segments. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Altenergy Tanay Wind Corp. (ATWC) has forged a revenue-sharing agreement with the provincial government of Rizal for a wind power project. In a disclosure to the Philippine Stock Exchange on Tuesday, Oct. 10, ATWC, a subsidiary of Alternergy Holdings Corp., announced the signing of a lease contract...
Concepcion Industrial Corporation (CIC), the leading home and building & industrial solutions provider in the Philippines, is expanding its home appliances portfolio with the forging of a strategic partnership with JS Global APAC Pte Ltd. for the exclusive distribution of “Shark” and...
The Po and Gokongwei families have beefed up their stakes in Shakey’s Pizza Asia Ventures Inc. (PIZZA), one of the leading food service groups in the Philippines, by buying out the stake of Singapore’s sovereign wealth fund GIC for P2.69 billion. In a disclosure to the Philippine Stock Exchange...
SM Investments Corporation (SMIC), the flagship of the Sy siblings which has been ranked as the Philippines’ wealthiest family, reported a 30 percent growth in consolidated net income to P55.9 billion in the first nine months of 2023 from the P42.9 billion earned in the same period last year. In...
Juan Alejandro Aboitiz has officially started his duties as the new senior vice president of Aboitiz Power (AP) Corp. this November. In a disclosure to the Philippine Stock Exchange, changes in the 2023 General Information Sheet (GIS) have been made to reflect the newly appointed officer....
