San Miguel Foods, a unit of diversified conglomerate San Miguel Corporation, reported that its long-running regenerative agriculture program has yielded over 90,000 metric tons of cassava in the first half of the year, 44 percent higher than in the same period of 2023. In a statement, the firm said...
The regulator-approved pass on of the deferred charges of First Gen Corporation on its gas use for power generation and capital recovery on liquefied natural gas (LNG) import facility investment will hike Meralco rates by P0.32 to P0.33 per kilowatt hour (kWh) starting in its October billing to...
The iconic RCBC Plaza in Makati sets a new standard for sustainable office buildings in the country by transitioning to 100 percent renewable energy through a partnership with ACEN Renewable Energy Solutions (ACEN RES), the retail electricity unit of the Ayala group. This move marks a...
On account of higher finance charges that it incurred due to direct equity acquisitions, the net income of Yuchengco-led of PetroEnergy Resources Corporation (PERC) had declined 11% to P527 million in the first half of the year from heftier P591 million in the same period last year. The company...
BDO Unibank Inc., a member of the SM Group, has partnered with the International Finance Corporation (IFC) to provide specialized training to accelerate the green transformation of the banking and finance industry. In a statement, the bank said the training was conducted through the Alliance for...
The Securities and Exchange Commission (SEC) has approved the planned follow-on offering of Davao tycoon Dennis A. Uy’s DITO CME Holdings Corporation of shares worth up to P4.2 billion. In its meeting on August 15, the Commission En Banc resolved to render effective DITO’s registration...
Property giant Megaworld welcomes the first two-time Filipino Olympic Gold Medalist Carlos Yulo to his new home inside the company’s 50-hectare McKinley Hill township in Taguig City. Yulo formally received the P32-million three-bedroom, fully-furnished, and designed condominium unit in one of its...
Lopez Holdings Corporation reported a five percent improvement in attributable net income to P3.41 billion in the first half of 2024 from the P3.25 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its unaudited consolidated revenues...
Villar-led AllHome Corporation, the Philippines’ pioneering one-stop full-line home center, reported a net income of P282.4 million in the first half of 2024 as revenues reached P5.6 billion. In a disclosure to the Philippine Stock Exchange, AllHome President and CEO Benjamarie Therese...
Filinvest Development Corporation’s (FDC), the Gotianun family’s investment holding company, registered a 41 percent jump in attributable net income to P5.5 billion in the first half of 2024 from P3.9 billion in the same period last year. In a disclosure to the Philippine Stock Exchange,...
The local stock market rose further as investors digested a slew of corporate earnings reports while waiting for the Monetary Board’s policy meeting on Thursday. The main index rose by 54.52 percent or 0.82 percent to close at 6,704.96 as the Property sector led the advance across the board....
Owing primarily to favorable outcome of its better inventory holdings, major oil firm Shell Pilipinas Corporation posted significant hike of 1,320 percent in its first half net income to P1.7 billion from relatively lean profit of P123 million in the same period last year. The company indicated...
