Emperador Inc. is raising its capital expenditure budget to expand its overseas whisky business while sister company Megaworld Corporation is expanding its reach in the domestic front. During the Emperador’s annual stockholders’ meeting, is was disclosed that the firm increasing its capital...
The local stock market bounced from its five-day losing streak on the back of gains in US bourses. The main index jumped 122.95 points or 1.93 percent to close at 6,502.12 with the Property sector registering the biggest gain as all counters advanced. A total of 678 million shares worth P8.06...
Parts of eight cities in the Metro Manila and in Bulacan will experience water service interruption which will be implemented by the Maynilad Water Services, Inc. starting Monday evening, May 16, until June 1. The Maynilad Water Services, Inc. said that the service interruption in portions of...
Gotianun-led developer Filinvest Land, Inc. (FLI) reported an 8 percent drop in attributable net income to P678 million in the first quarter of 2022 from the P736 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said revenues dipped to P4.31...
Retail Holding firm Cosco Capital, Inc. reported a 10.9 percent improvement in growth consolidated net income to P2.7 billion for the first quarter of 2022 from P2.44 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues...
The Philippine Stock Exchange, Inc. (PSE) has approved the initial public offering of VistaREIT, Inc., the real estate investment trust of the Villar group, worth up to P9.18 billion to be conducted from May 30 to June 3, 2022. In a statement, the bourse said VistaREIT The company is expected to...
VisMin developer Cebu Landmasters, Inc. (CLI) reported a 14 percent growth in earnings to P806 million in the first quarter of 2022 from P714 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said net income from core operations would have jumped 62...
LT Group, Inc. (LTG) reported a slight uptick in attributable net income to P6.53 billion in the first three months of 2022 from the P6.49 billion earned in the first quarter last year. In a disclosure to the Philippine Stock Exchange, the firm said its tobacco business accounted for P4.21 billion...
Empire East Land Holdings Inc., a subsidiary of Megaworld Corporation, reported a 16.4 percent drop in consolidated net profit to P178.7 million in the first quarter of 2022 from the P213.9 million posted in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said...
Real estate giant Ayala Land, Inc. (ALI) has listed its P12-billion fixed-rate bonds due 2028 on the Philippine Dealing & Exchange Corp. (PDEx) after the offering was oversubscribed five times with orders amounting to P60 billion. This 6-year bond is the biggest bond issuance of ALI in the past...
The Maynilad Water Services announced that a total of 64 barangays in Pasay City will experience water interruption for 17 days from May 16 to June 1. The affected barangays will be experiencing low to no water supply from 10:00 p.m. to 4:00 a.m. daily during the said dates. The 64 barangays that...
Filipinos adopting 5th generation technology (5G) now drive the growth of data, according to Smart Communications Inc. SVP and Head of Consumer Wireless Business Jane J. Basas. Data traffic on Smart's 5G network grew by 65 percent in the first quarter 2022 as the number of unique 5G devices grew 35...
