Filinvest Development Corporation (FDC), the holding company of the Gotianun family, reported a 36 percent drop in attributable net income to P3.97 billion in the first nine months of 2022 from the P6.18 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange,...
ZTE Corporation, a global leading provider of information and communication technology solutions, kicked off the 5G Summit and User Congress 2022 at Lake Maggiore in Stresa, Italy last November 8-9, 2022. With the theme “Inspire the Digital Transformation”, the 2-day event, gathered thought...
Filinvest REIT Corp. (FILRT), the real estate investment trust of the Filinvest group, is acquiring a resort in Boracay even as earnings from its office leasing business declined. In a disclosure to the Philippine Stock Exchange, the firm said it is buying 2.9 hectares of land owned by Filinvest...
Gotianun-led East West Banking Corporation (EW) reported a 70 percent drop in net income to P3 billion in the first nine months of the year from P5.1 billion in the same period of 2021 due to lower trading revenues. In a disclosure to the Philippine Stock Exchange, the bank said earnings improved...
Stock market investors finally start taking profits made during the PSEi’s recent rally and ahead of the expected rate hike by the Bangko Sentral on Thursday. The main index shed 26.85 points or 0.42 percent to close at 6,392.09 with sectoral indices evenly mixed. Volume rose 969 million shares...
BDO Capital & Investment Corporation (BDO Capital) was named the country’s Corporate and Investment Bank of the year at the Asian Banking & Finance Awards for the fifth straight year. In a statement, BDO Capital said the remarkable achievement is a testament to its consistent excellence...
The local stock market rose despite a pause in the US bourses’ rally as investors hope for slower interest rate hikes. The PSEi rose 64.18 points or 1.01 percent to close at 6,418.94. Except for the Properties, all sectors were in the green with Conglomerates leading the advance. 92486 A total of...
Township developer Megaworld Corporation is launching its first-ever residential condominium development inside its 85-hectare Northwin Global City township in in Bulacan. Standing 23-storeys high, the P2.2 billion 9 Central Park will offer 478 units ranging from Studio (up to 35.5 square meters),...
Lopez Holdings Corporation reported an 83 percent surge in attributable net income to P4.12 billion in the first nine months of 2022 from the P2.25 billion earned in the same period last year. Attributable net income is the portion of consolidated net income or loss for the period, net of income...
Aboitiz Equity Ventures Inc., the investment arm of the Aboitiz family, is planning to raise up to P20 billion from a proposed bond issue with a base amount of up to P8 billion, with an oversubscription option of up to P12 billion. The issuance will come from the Company’s fourth and final...
AllHome, the Philippines’ pioneering one-stop full line home center, posted a core net income of P702 million as revenues amounted to P9.11 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, the home retail chain also reported 36.15 percent increase in...
The Securities and Exchange Commission (SEC) has approved the planned P3.22 billion initial public offering (IPO) of Premiere Island Power REIT Corporation (PREIT), the power and infrastructure REIT platform of Villar-led Prime Asset Ventures, Inc. The SEC said PREIT is a real estate investment...
