Universal Robina Corp. (URC), one of the Philippines’ largest food companies, is venturing into the P6.5 billion cultured milk category through a partnership with Asahi Beverages Philippines (ABP). In a statement, URC said they will be coming out with Goodday cultured milk drinks that addresses a...
The local stock market continued to rally on growing optimism that inflation may soon ease. The main index rose 38.18 points or 0.57 percent to close at 6,737.84 as Conglomerates led the advance although the Services and Industrial counters lagged behind. Volume dipped to 1 billion shares P5.49...
Ayala Corporation (AC) announced that its Vice-Chairman, President and Chief Executive Officer Fernando Zobel de Ayala has taken a temporary medical leave of absence with the approval of the firm’s Board of Directors. In a disclosure to the Philippine Stock Exchange, the country's leading...
Security Bank Corporation doubled its net income to P6.2 billion in the first half of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. “We are very pleased by the continued improvement in our core businesses. Our growth in loans and...
RLC tops off iconic GBF Tower By James A. Loyola Robinsons Land Corporation (RLC) has topped off its newest Grade A, green office building, GBF Center 1, a high-quality, sustainable development designed to cater to evolving workplace dynamics in the post-pandemic era. “The GBF towers are...
Solar Philippines Nueva Ecija Corporation (SPNEC) aims to complete its acquisition of the assets of parent company Solar Philippines worth about P60 billion by the end of this year. In a disclosure to the Philippine Stock Exchange, the firm said that the conclusion of its P3.3 billion Stock Rights...
Jollibee Foods Corporation will open a Jollibee restaurant in the heart of the iconic Times Square, New York on August 18, 2022. In a statement, the firm said the newest store opening forms part of the Jollibee Group’s aggressive overseas expansion and sustained growth in one of its key pillar...
This week, investors will see if the local stock market is strong enough to reach for the 7,000 or succumb to profit-taking pressures as the earnings season winds to a close. “Last week’s run shows that there is positive momentum building in the local market. For next week however, the local...
Ayala Corporation reported a 56 percent hike in net income to P16.3 billion in the first semester of 2022 due to the strong performance of Bank of the Philippine Islands, Ayala Land Inc., and Globe Telecom. BPI’s net income expanded 73 percent to P20.4 billion in the first semester due to robust...
Robinsons Land Corporation (RLC), a leading diversified real estate company in the Philippines, posted a 42 percent growth in consolidated net income to P3.63 billion in the second quarter of the year 2022. In a disclosure to the Philippine Stock Exchange, the firm said its second quarter profit is...
Jollibee Foods Corporation (JFC), one of Asia’s largest food service companies, registered a 351.7 percent surge in attributable net income to P5.1 billion in the first half of 2022 from the P1.13 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the...
Cignal Cable Corporation (Cignal Cable) on Wednesday, Aug. 11, entered into a Sale and Purchase Agreement with Sky Vision Corporation (Sky Vision), ABS-CBN Corporation (ABS-CBN), and Lopez, Inc. to acquire 38.88 percent of the total issued and outstanding capital stock of Sky Cable Corporation (Sky...
