Passenger volume during Holy Week at Ninoy Aquino International Airport (NAIA) recorded double-digit growth this year, as operations across the airport’s terminals remained efficient with an on-time performance (OTP) of more than 80 percent. New NAIA Infra Corp. (NNIC), the private operator of...
Yuchengo-led PetroEnergy Resources Corporation (PERC) announced an increase in its net income, fueled by increased electricity sales from its renewable energy (RE) ventures. In a disclosure to the Philippine Stock Exchange on Monday, April 21, PERC reported an 89.22 percent surge in its 2024...
MREIT, Inc. Chief Operating Officer Arnie Batac, Megaworld Corporation President Lourdes Gutierrez-Alfonso, JLL Managing Director for Thailand, Vietnam, Indonesia, and the Philippines Michael Glancy, and JLL Country Head of the Philippines Joey Radovan were in attendance at the signing ceremony,...
SM Store Makati SM Investments Corp.’s retail arm, SM Retail Inc., reported that its efforts to tap into the rapidly growing Gen Z demographic as a new consumer market is bearing fruit. Data from the SM Store, the department store business of SM Retail, reveals a 13-percent increase in in-store...
Lopez Holdings Corp. reported a 123-percent surge in attributable net income to ₱6.34 billion last year, from the ₱2.85 billion earned in 2023, due to a lower equity share in the net losses of broadcast giant ABS-CBN Corp. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Real estate firm Italpinas Development Corp. (IDC) more than doubled its net income to ₱376.8 million last year, reflecting a 102.2-percent increase from the ₱186.3 million earned in 2023, due to cost reduction and increase in land values. In a disclosure to the Philippine Stock Exchange (PSE),...
The Lugtu family’s Asialink Finance Corp. has been given an issuer credit rating of PRS A plus (corp.) with a stable outlook by Philippine Rating Services Corp. (PhilRatings). PhilRatings noted that Asialink, reportedly one of the fastest-growing financing companies in the Philippines with 192...
SM, through the Henry Sy Foundation and SM Foundation, completed the restoration of West Visayas State University’s (WVSU) Quezon Hall in Iloilo City. The SM Group, through the Henry Sy Foundation and SM Foundation, is making inroads in the restoration of cultural landmarks that underscores its...
Ninoy Aquino International Airport (NAIA) is seeing higher passenger volumes in the first three days of the Holy Week period compared to last year’s figures, as operations at the country’s primary gateway remain efficient. New NAIA Infra Corp. (NNIC), the private operator of NAIA, said...
The PSEi dropped on profit-taking as investors held on to cash ahead of the Lenten break. The main index fell by 57.50 points or 0.93 percent to close at 6,128.60 as the Services counter led the retreat while only Miners managed to advance. Volume remained thin at 951 million shares worth P4.21...
DoubleDragon Corporation, the partnership between tycoons Tony Tan Caktiong and Edgar Sia II, is finally transitioning into a holding company with its acquisition of Sia’s listed retailer MerryMart Consumer Corporation after initially buying a 35 percent stake for ₱1.28 billion. In a disclosure...
Ayala-led ACEN Corp.’s Australia unit announced that it has secured financing for its operating renewable assets and new projects from several international banks. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, April 15, the company said ACEN Australia secured a 750 million...
