Diversified conglomerate San Miguel Corporation (SMC) reported a 26 percent growth in consolidated core net income to P43.5 billion in the first nine months of 2022 from the P34.4 billion earned in the same period last year. However, consolidated nine-month net income fell 62 percent to P12.9...
The local stock market continued to rise on fresh corporate earnings reports as well as the easing of inflation rate in the US announced last week. The main index added 67.99 points or 1.08 percent to close at 6,354.76 as Conglomerates led the advance although the Mining and Oil counter retreated....
Publicly listed Vivant Corporation reported a 34 percent decrease in net income to P943 million year-one year due to the impact of Typhoon Odette and the challenging macroeconomic conditions. In a disclosure to the Philippine Stock Exchange, the holding company with investments in energy and water...
Ayala Corporation reported a 23 percent growth in net income to P23.9 billion in the first nine months of 2022 from P19.4 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm attributed the growth to higher contributions from subsidiaries Ayala Land Inc.,...
Philippine Seven Corporation (PSC), the exclusive licensor of convenience store 7-Eleven in the Philippines, announced there are 2,000 7-Eleven stores with ATMs installed boosting its delivery of safe and convenient banking nationwide. Jose Victor Paterno, president and CEO of PSC, said the latest...
Investor sentiment in the local stock market is more upbeat and analysts expect share prices to continue climbing this week following positive economic data released last week and as more companies announced third quarter results. “So far, we’re seeing the bullish case for the local market...
Megawide Construction Corporation reported that its attributable net loss ballooned to P445.25 billion in the first nine months of the year, a 451 percent spike from losses of P80.8 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated...
Rockwell's earnings rise 40% to P2 B By JAMES A. LOYOLA Rockwell Land Corporation reported a 40 percent rise in attributable net income to P2.0 billion in the first nine months of the year from P1.4 billion in the same period of 2021. In a disclosure to the Philippine Stock Exchange, the firm said...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) said it is extending "special privileges" to its members and health facilities that were affected by Severe Tropical Storm Paeng. In a statement, PhilHealth said that such...
The local stock market rose before the week ended, boosted by hopes that inflation in the US is already coming down from its peak. The main index jumped 119.20 points or 1.93 percent to close at 6,286.77as Conglomerates and the Property sector led the rally. Volume improved to P4.92 billion as...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
Nickel Asia Corporation announced a 12 percent improvement in its unaudited attributable net income to P6.90 billion in the first nine months of 2022 from the P6.17 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said that, despite the lower...
