San Miguel Corporation (SMC) has completed its two-year, P1-billion clean-up of the Tullahan River, President and CEO Ramon S. Ang announced in his Facebook post on Saturday, August 27. "In just over two years, we’ve reached our target of removing 1.12 million metric tons of wastes from the...
Buckling to political pressures, ABS-CBN Corporation and TV5 Network have decided to delay the closing of their agreement which would allow ABS-CBN to acquire up to 49.92 percent of TV5. “To address the issues which have been raised by certain legislators and the National Telecommunications...
PHINMA Corporation (PHN) reported an 18.44 percent drop in consolidated net income to P639.07 million in the first half of 2022 from the P783.56 million earned in the same period last year despite the strong growth in consolidated revenue. In a disclosure to the Philippine Stock Exchange, the firm...
Health technology platform mWell, developed by Metro Pacific Health Tech Corporation, wholly-owned subsidiary of Metro Pacific Investments Corporation, organizes the biggest nationwide online medical mission - National mWellness Day via the mWell PH app on August 27-28. National mWellness Day...
The local stock market slipped further after US share prices fell anew. The main index dropped 86.03 percent or 1.28 percent to close at 6,618.38 with the Mining and Oil counter leading the retreat. Volume was relatively stable at 972 million shares worth P5.67 billion as losers swamped gainers 151...
Universal Robina Corp. (URC) is venturing into the alcoholic beverages business by expanding into the spiked spirit category. In a statement, the firm said it is introducing a new product that is “set to disrupt the Philippine alcoholic beverages market.” 80718 “Chill Spiked Spirit will offer...
BDO Unibank is providing financial support to critical water infrastructure projects of San Miguel Corporation’s Luzon Clean Water Development Corporation (LCWDC) and Razon Group’s Wawa Bulk Water Supply Project. In a statement, the bank said its “unwavering support to these initiatives...
The local stock market fell amid concerns over further US rate hikes. The main index lost 159.45 points or 2.32 percent to close at 6,704.41 as Conglomerates led the retreat across the board. A total of 817 million shares worth P5.44 billion changed hands as losers trounced gainer 132 to 62 while...
Robinsons Land Corporation is developing its 216-hectare Montclair Destination Estate into a landmark progressive green oasis amid the sandy environment of Porac, Pampanga. In a statement, the developer said Montclair, a mere 5-minute car ride from the Clark Freeport Zone, is RLC’s biggest...
Gaming firm Pacific Online Systems Corporation registered a turnaround with a consolidated net income of P48.8 million for the first six months of 2022, a P93.5 209 percent improvement from the net loss of P44.7 million in the same period last year. In a disclosure to the Philippine Stock Exchange,...
