The Armed Forces of the Philippines (AFP) boosted its aerial capabilities after it received Thursday, May 5, a Beechcraft Hawker aircraft which was donated by the San Miguel Corporation (SMC). The Beechcraft Corporation Hawker 800XP aircraft (Courtesy of Armed Forces of the Philippines) Department...
Nickel Asia Corporation (NAC) reported an 80 percent surge in unaudited attributable net income to P1.05 billion in the first quarter of 2022 from the P584 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its earnings before interest, tax,...
In a bid to save lives, AstraZeneca Philippines has signed an agreement with Security Bank Corporation and SB Finance to provide cancer patients with easier funding options for diagnostics and long-term treatment. In a statement, Security Bank said the Cancer Care Ecosystem Funding Partnership is...
Diversified conglomerate San Miguel Corporation posted a 19 percent drop in net income to P13.94 billion in the first quarter of 2022 from P17.17 billion in the same period last year due to non-recurring items. In a statement, the firm said consolidated income from operations jumped 25 percent to...
The Securities and Exchange Commission (SEC) has approved the planned initial public offerings (IPO) of VistaREIT, Inc. of up to P9.18 billion and of Raslag Corporation worth up to P700 million. The Commission En Banc has resolved to render effective the registration statements of VistaREIT and...
The local stock market rose further after the US Fed assured that it will not be aggressive in raising rates as many fear. PSE The main index rose 66.19 points or 0.97 percent to close at 6,868.92 as the Mining and Oil counter surged and led gains across the board. However, volume dipped to 1...
China Banking Corporation (China Bank) reported a 37 percent jump in net profits to P4.9 billion in the first quarter of 2022 from P3.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the improved profitability, driven by sustained core business...
(PhilHealth / MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) is set to implement a higher premium rate for its members starting June in accordance with the Universal Health Care (UHC) Law. “What should be the premium contribution rate for calendar year 2022...As of...
The local stock market bounced as investors pick up stocks that have suffered losses in past sessions. The main index jumped 81.65 points or 1.22 percent to close at 6,892.73 as the Property sector led the advance although Mining and Oil and Holdjng Firms remained in the red. Volume picked up with...
Food and beverage company RFM Corporation reported a 4 percent increase in unaudited first quarter net income to P334 million as sales grew 17 percent to P3.9 billion during the same period of 2022. In a disclosure to the Philippine Stock Exchange, the firm said growth came on the back of both...
Metro Pacific Investments Corporation (MPIC) reported a 23 percent growth in consolidated core net income to P3.1 billion for the first quarter of 2022 from the P2.5 billion earned in the same period last year. In a media briefing, MPIC Chief Finance, Risk and Sustainability Officer Chaye A....
Alpha Southeast Asia, a Hong Kong-based financial publication, has given BDO Capital & Investment Corporation (BDO Capital) President Eduardo V. Francisco the Achievement Award for Contribution to Local Capital Market. In a statement, BDO Capital said Francisco is the first Filipino recipient...
