In a bid to enhance the cybersecurity networks of various institutions and establishments in the country, NOW Corporation and NOW Telecom launched on Nov. 7 its "Respond and Replace" program that will enable all kinds of entities to assess the resiliency of their current networks. The...
San Miguel Brewery Inc. (SMB), San Miguel Corporation’s privately-held brewing unit, reported a 20.2 percent hike in consolidated net income to P19.4 billion in the first nine months of 2023 versus the same period last year. In a statement, the firm said its performance was driven mainly...
State-run Government Service Insurance System (GSIS) has invested in publicly listed Alternergy Holdings Corp., a renewable power pioneer known for its profitability and clean energy vision. In a statement on Tuesday, Nov. 7, the pension fund for government workers said a total of P1.45 billion was...
Billionaire Enrique L. Razon Jr.’s gaming firm Bloomberry Resorts Corporation reported a 106 percent surge in consolidated net income to P8.3 billion in the first nine months of 2023 from the P4 billion earned in the same period last year. The owner of Solaire Resort Entertainment City and Jeju...
Uptrend in sales had propelled 16% income escalation for leading oil firm Petron Corporation to P9.5 billion within this year’s January to September stretch versus a leaner bottom line outcome of P8.2 billion within a comparative period last year. The company emphasized that its “strong volume...
MREIT Inc., the real estate investment trust of Megaworld Corporation, posted a distributable income growth of 13 percent to P2.1 billion during the first nine months of 2023 from the P1.9 billion recorded in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
China Banking Corporation (Chinabank) posted a 10 percent improvement in net income to P16.2 billion in the first nine months of 2023 from P14.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this translated to a return on equity...
MGen Renewable Energy Inc. (MGreen), the renewable energy investment arm of Manila Electric Company (Meralco) ,will be queueing up to P200 billion worth of investments for the gigantic 3,500-megawatt solar farm development that shall be integrated with 4,000-megawatt hours (MWh) of energy storage...
The Sy siblings' SM Prime Holdings Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, posted a 37 percent jump in net income to P30.1 billion in the first nine months of 2023 from the P22.0 billion earned in the same period last year. In a disclosure to the...
ACEN Renewables International Pte. Ltd. (ACRI), the subsidiary of Ayala-led ACEN Corp. has been authorized to restructure the outstanding loan of Yoma Strategic Holdings Ltd. (Yoma). In a disclosure to the Philippine Stock Exchange (PSE) on Monday, Nov. 6, ACRI offered a loan facility of $25...
It’s a week of financial relief on consumers’ pockets as prices at the gasoline stations will be on rollback, based on the pricing adjustment advisories of the oil companies. The industry players announced that the price of diesel will have a relatively hefty cutback of P1.10 per liter; while...
Ayala group’s energy platform, ACEN Corp. has declared the cash dividends of its outstanding Series A Preferred Shares (PSE: ACENA) and Series B Preferred Shares (PSE: ACENB) for the fourth quarter of 2023. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 3, ACEN’s board of...
