Property giant Ayala Land Inc. (ALI) posted a 38 percent hike in total net income to P18.4 billion in the first nine months of the year as consolidated revenues improved 15 percent to P98.9 billion year-on-year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said it maintained a...
Billionaire Andrew Tan’s leisure development business Global-Estate Resorts Inc. (GERI) reported that its net income was up slightly to P1.5 billion in the first nine months of 2023 from the P1.45 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
San Miguel Brewery Inc. (SMB), San Miguel Corporation’s privately-held brewing unit, reported a 20.2 percent hike in consolidated net income to P19.4 billion in the first nine months of 2023 versus the same period last year. In a statement, the firm said its performance was driven mainly...
West Zone concessionaire Maynilad Water Services, Inc. said the company will put higher discounts on the water bills of low-income and low-consuming customers. Starting Jan. 1, 2024, Maynilad will launch the Enhanced Lifeline Program (ELP) as a way to extend greater discounts to marginalized...
A Senate panel on Tuesday, November 7 lifted the contempt order against the four leaders of the Socorro Bayanihan Services Inc. (SBSI) or the so-called Socorro "cult" namely Jey Rence Quilario also known as "Senyor Agila", Janeth Ajoc, Mamerto Galanida, and Karren Sanico. The Senate security group...
Balai ni Fruitas Inc., a leading Philippine counter service bakery operator, reported that its net income jumped 77 percent to P41 million in the first nine months of 2023 from P23 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm aid it continued its...
The Ayala Group’s manufacturing arm Integrated Micro-Electronics Inc. (IMI) reported a net loss of $1.6 million in the first nine months of 2023 from $0.81 million in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the firm said revenues were lower and the...
MREIT Inc., the real estate investment trust of Megaworld Corporation, posted a distributable income growth of 13 percent to P2.1 billion during the first nine months of 2023 from the P1.9 billion recorded in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE),...
The Sy siblings' SM Prime Holdings Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, posted a 37 percent jump in net income to P30.1 billion in the first nine months of 2023 from the P22.0 billion earned in the same period last year. In a disclosure to the...
Katrina Maria S. Razon, daughter of tycoon Enrique K. Razon Jr., has recently been appointed to the board of directors of Manila Water Co. Inc. In a disclosure to the Philippine Stock Exchange on Monday, Nov. 6, the East zone water concessionaire announced that the 32-year-old Razon has taken on...
It was a big day for Romeo “Kuya Jonjon” Jalosjos Jr. on Nov. 4 as he celebrated his birthday on the noontime show “Eat Bulaga.” Jalosjos is the president and chief executive officer (CEO) of the Television and Production Exponents Inc. (TAPE), the producer of “Eat Bulaga.”...
Romeo Jalosjos Jr., the president and chief executive officer (CEO) of the Television and Production Exponents Inc. (TAPE), has filed a motion for reconsideration before the Supreme Court (SC) to reverse its decision to unseat him as the proclaimed congressman of the first district of Zamboanga...
