Owing to profit contribution of its all-renewable energy (RE) subsidiary, First Gen Corporation has posted a 30 percent hike in its recurring net income to $167 million, approximately P9.0 billion, in the first half of the year versus $128 million or P7.0 billion, in the same period last...
The local stock market rose back to the 6500 level as investors cheered the stronger employment numbers and a lower trade deficit figure. The main index added 57.48 points or 0.89 percent to close at 6,530.45 as the Services sector led the advance while the Mining and Oil counter lagged...
Monde Nissin reports weaker earnings By JAMES A. LOYOLA Food manufacturer Monde Nissin Corporation reported a 17.9 percent drop in net income to P3.5 billion for the first half of 2023 as the restructuring costs in its meat alternative business weighed on its profitability. In a disclosure to the...
Property and spirits magnate Andrew Tan’s real esate investment trust MREIT, Inc. improved its distributable income by 12 percent to P1.4 billion during the first half of 2023. In a disclosure to the Philippine Stock Exchange, the Megaworld-sponsored REIT said its revenues grew by 15 percent to...
The International Finance Corporation (IFC), a member of the World Bank, has agreed to invest $250 million in a green bond to be issued by Bank of the Philippine Islands (BPI) of the Ayala Group. In a disclosure to the Philippine Stock Exchange, BPI said this is the biggest deal IFC has done with a...
"The Victor" is one of the tallest public art installation in the world. Bridgetowne, Robinsons Land's premier destination estate, is embracing the power of public art to shape its future. The emerging estate will soon unveil its masterpiece, "The Victor," the first of many planned public art...
Bloomberry Resorts Corporation, the gaming business of billionaire Enrique Razon Jr., reported a 160 percent surge in consolidated net income to P6.4 billion in the first half of 2023 from the P2.5 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
SM Investments Corporation (SM Investments), the flagship of the Sy family, reported a 32 percent growth in its consolidated net income to P36.5 billion in the first half of 2023 from P27.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
The local stock market is seen to open the week with some bargain-hunting following last week’s steep drop although investors will also be taking cues from the release of the Philippines’ second quarter economic growth data as well as the US July inflation numbers. “Given the steep decline...
# ERC, NGCP discuss technical gaps By MYRNA M. VELASCO The Energy Regulatory Commission (ERC) has forthrightly raised to transmission firm National Grid Corporation of the Philippines (NGCP) the need to immediately address the "technical gaps" in balancing the country’s power system so it can...
A trip to Singapore is not complete without a proper food trip. For many, a foodie adventure in the country involves stopping by shops like Tiong Bahru Bakery and Common Man Coffee Roasters to feast on delectable pastries and a cup of brewed drinks. But it looks like Filipinos don’t need to fly...
Zest-O is at the forefront of innovation once more. Zest-O Corporation has launched its initial community incentive program in partnership with GreenCycle Innovative Solutions at Barangay Tungkong Mangga, in San Jose Del Monte, Bulacan on Aug. 1, 2023. This collect and redeem initiative is part of...
