Diversified conglomerate San Miguel Corporation (SMC) reported a 19 percent increase in net income to P37.1 billion in the first nine months of 2024, compared to P31.2 billion in the same period last year, driven by strong revenue increases across its diverse businesses. In a statement, the company...
The local stock market continued to weaken as the week started with news of a drop in foreign direct investments (FDI). The main index lost 37.17 points or 0.53 percent to close at 6,940.02 as only Banks held their ground while the Mining sector fell on lower gold prices. Volume was low at 548...
Jollibee Foods Corporation (JFC) announced that its Board of Directors approved the declaration of a regular cash dividend of P2.04 billion or P1.82 per share of common stock on Nov. 11, 2024. In a disclosure to the Philippine Stock Exchange (PSE), the firm stated that the dividend will be...
Vitarich Corporation, a leading poultry integrator and manufacturer of animal feeds and food products, reported a 6.5-fold increase in net income in the first nine months of 2024 to P259.1 million from P40.05 million in the same period last year. "We delivered our strongest nine-month results,...
While still ironing out some kinks, Maynilad Water Services Inc. is committed to launching its initial public offering (IPO), estimated at $1 billion, within 2025, and will file its application with regulators by the first quarter. “Yes, we are poised to list next year. Our target is to be...
The local stock market continues its bearish trend, breaking below the 7,000 support line, but, cheaper prices and the prospect of a rate cut may encourage buying activity while investors await foreign direct investment and remittance data. "Foreign funds have been exiting the market, and technical...
photo: SMC At least eight million tons of silt and waste were removed from 136 kilometers of river systems in...
Renewable energy firm Alternergy Holdings Corporation announced the acquisition of three offshore wind power projects in Tablas, Romblon. In a disclosure to the Philippine Stock Exchange on Friday, Nov. 8, Alternergy said that its wind sub-holding, Alternergy Wind Holdings Corp. (AWHC), obtained...
The Philippine Stock Exchange index (PSEi) declined to close the week below the 7,000 support level as investors continued to sell local stocks due to concerns regarding the implications of a Trump presidency and slower economic growth. The main index dropped by 37.26 points, or 0.53 percent,...
Del Rosario-led PHINMA Corporation reported an 84 percent plunge in attributable net income to P122.73 million for the first nine months of 2024 from the P791.53 million earned in the same period last year due to huge non-operating expenses and losses of its property business. In a disclosure to...
It’s that time of the year again when Manila’s most beloved spots come alive with holiday cheer. Across the city, developers have created spaces designed for people to gather, unwind, and enjoy the season together. Whether you're looking for stylish shopping, a relaxing meal, or a festive...
SM Prime Holdings Inc., the property arm of the SM Group, has achieved LEED Gold certification for seven of its properties as of 2024. In a statement, the firm said it continues to pursue green certification for its other properties to address climate change and enhance disaster resilience. The...
