Cirtek Holdings Philippines Corporation reported that two of its subsidiaries, Cirtek Electronics Corp. (CEC) and Cirtek Advanced Technology Solutions Inc. (CATSI), have passed their ISO 14000 audits with zero non-conformance. “Considering the stringent requirements of an ISO 14000 certificate,...
Share prices of local nickel mining companies have been rising as the industry is riding high on the surge of ore prices in the global market due to strong demand coupled with supply disruptions. Demand for nickel has been rising as the global economy recovers as it is an ingredient for making...
Ayala Corporation, the country’s oldest conglomerate, reported that its net profits rose 62 percent to P27.8 billion last year from the P17.1 billion earned in 2020. In a disclosure to the Philippine Stock Exchange, Ayala said earnings growth was primarily driven by realized income from the...
San Miguel Corporation reported a 120 percent surge in consolidated net income last year to P48.2 billion, which is at par with pre-pandemic levels. In a disclosure to the Philippine Stock Exchange, the conglomerate said its group-wide revenues rose 30 percent to P941.2 billion, driven by higher...
The local stock market rose with its regional peers as oil prices eased. The main index jumped 134.92 points or 1.93 percent to close at 7,124.80 as Conglomerates led the advance while the Mining and Oil dropped along with commodity prices. Volume was lower though at 3.35 billion shares worth P7.59...
Nickel Asia Corporation reported a 92 percent jump in attributable net income to P7.81 billion last year from the P4.07 billion earned in 2020 due to higher ore sales prices. In a disclosure to the Philippine Stock Exchange, NAC said it sold a total of 17.94 million wet metric tons (WMT) of nickel...
The local stock market lost most of its intraday gains but still managed to end in the green as oil prices rose further due to the war in Ukraine. The PSEi inched up 12.15 points or 0.17 percent to close at 6,989.88 as Banks led the advance while Conglomerates and Mining firms retreated. Volume was...
Towships developer Megaworld Corporation posted a 36 percent growth in net income to P14.4 billion last year from P10.6 billion in 2020, boosted by the listing of its real estate investment trust (REIT). In a disclosure to the Philippine Stock Exchange, the firm said attributable net income also...
Robinsons Land Corporation (RLC), one of the leading diversified real estate companies in the Philippines, reported a 62 percent jump in consolidated net income to P8.50 billion last year, moving closer to pre-pandemic levels. In a disclosure to the Philippine Stock Exchange, the firm said...
Metro Pacific Investments Corporation reported a 20 percent improvement in consolidated core net income to P12.3 billion last year from P10.2 billion in 2020. In a press briefing, MPIC Chief Finance Officer June Cheryl Cabal-Revillas said “This substantial improvement from the 13 percent growth...
The Philippine Stock Exchange index (PSEi) suffered its biggest drop in 20 months to crash below the 7,000 level after a major hike in pump prices took effect coupled with reports of an even bigger increase next week. The main index fell 310.34 points or 4.26 percent to close at 6,977.73 as banks...
The Commission on Audit (COA) reported on Wednesday, March 2 that around P4.99-billion allocated for loan distribution micro, small, and medium enterprises as part of Bayanihan 2 act was left stagnant. The Commission on Audit (COA) logo (Taken from coa.gov.ph/ MANILA BULLETIN) Through the COVID-19...
