The Powering Cebu business forum was attended by (L-R) Cebu Governor Gwendolyn F. Garcia (center), Visayan Electric President & COO Raul Lucero (1st), AboitizPower Thermal Group Chief Engineering & Projects Officer Don Paulino (2nd), Philstar Media Group President & CEO Miguel...
Atlas Consolidated Mining and Development Corporation, a copper and gold producer controlled by the Sy and Ramos families, reported a 29 percent increase in net income, reaching P1.13 billion in the third quarter of 2024, from P880 million during the same period last year. According to the...
Consunji-led diversified engineering conglomerate DMCI Holdings reported a three percent improvement in net income to P4 billion for the third quarter of 2024, from P3.9 billion in the previous year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the increase was driven by...
The local stock market plunged after the government reported slower-than-expected growth for the Philippine economy and Donald Trump won the US presidential race. The main index fell by 150.98 points, or 2.11 percent, to close at 7,014.44, with the Property sector still leading the decline,...
Food and beverage manufacturer Monde Nissin Corporation reported a 13.8 percent drop in net income to P1.99 billion in the third quarter of the year, primarily due to non-core items related to its meat alternative business which reduced earnings by P359 million. In its disclosure to the Philippine...
Filinvest REIT Corporation (FILRT), the real estate investment trust of the Gotianun Group, registered a 24 percent growth in net income to P894 million in the first nine months of 2024 from P721 million in the same period last year as its occupancy rate recovers. In a disclosure to the Philippine...
Ayala-led renewable energy platform ACEN Corp. reported an increase in net income for the first nine months of 2024, driven by the launch of new power plants. In a disclosure to the Philippine Stock Exchange on Thursday, November 7th, ACEN announced a 24 percent year-over-year increase in...
Robinsons Land Corporation (RLC) achieved a 13 percent growth in net income to P10.01 billion in the first nine months of 2024, from P8.84 billion in the same period last year, driven by the company's investment in properties. In a disclosure to the Philippine Stock Exchange (PSE), the firm said...
Megaworld Corporation, the country’s pioneer builder of townships, reported a 16 percent growth in net income for the first nine months of 2024 to P15.69 billion, from P13.5 billion in the same period last year, as all its key businesses improved. In a disclosure to the Philippine Stock Exchange...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) reported a 28 percent growth in consolidated core net income, hitting a record P20.8 billion in the first nine months of 2024, from P16.2 billion in the same period last year. In a statement, the firm said improved financial and operating...
China Banking Corporation (CBC or Chinabank) booked a 13 percent growth in net income to a record P18.4 billion in January to September 2024 from P16.2 billion in the same period last year on the back of sustained strong growth from core businesses. In a disclosure to the Philippine Stock Exchange...
The local stock market fell due to a possible Trump win in the US elections. The main index lost 92.52 points or 1.27 percent to close at 7,165.42 with the retreat led by the Property sector. Volume dipped to 1.33 billion shares worth P4.58 billion as losers beat gainers 105 to 83 with 49...
