Diversified conglomerate San Miguel Corporation posted a strong recover in the first quarter of 2021 with net income amounting to P17.2 billion, 15 times better than the P1.1 billion it earned in the same period last year. In a statement, the firm said almost all its major...
PLDT Inc. (PLDT) hauled in P44.8 billion revenues, up 8%, in the first quarter of 2021, led by data/broadband, which grew 15%, to P33.9 billion, though net earnings dipped 2% to P5.8 billion. Nevertheless, the telco's core income (excluding the impact of asset sales and Voyager Innovations) climbed...
After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
LT Group, Inc. (LTG), the flagship of taipan Lucio Tan, is almost doubling its capital expenditures budget in 2021 as it is optimistic that the local economy will improve this year. During the firm’s annual stockholders’ meeting, LTG President and Chief Operating Officer Michael G. Tan said...
San Miguel Food and Beverage Inc. bounced back to profitability in the first quarter of 2021 with a 66 percent consolidated net income growth to P9.68 billion from the same period last year. “After a challenging year dominated by the COVID-19 pandemic, SMFB quickly implemented programs to adapt...
Smart Communications, Inc. (Smart) is launching its 5G roaming services in the United States with AT&T. The telco currently has 5G roaming services in 16 countries, with 22 international partners. Smart’s partnership with AT&T – the leading mobile services provider in the U.S. –...
Real estate giant Ayala Land Inc. (ALI) reported a 36 percent drop in net income to P2.8 billion in the first quarter of the year as it continued to weather the impact of the ongoing COVID-19 pandemic on its operations. In a disclosure to the Philippine Stock Exchange, the firm said it registered a...
Philippine National Volleyball Federation Inc. (PNVF) board member Tony Liao said players that were absent from the recent tryouts could still make it to the national team being formed for the 31 st Southeast Asian Games late this year. This came after PNVF president Tats Suzara stressed that...
Cavite-Laguna Expressway (CALAX) Subsection 5, targeted to open to motorists in the third quarter of 2021, is 93 per cent complete, MPCALA Holdings Inc. Friday, (April 30) announced. Subsection 5 is a 7.2km, 2x2 lane expressway linking Sta. Rosa-Tagaytay Interchange to Silang East Interchange....
The prospective bidders in the 650-megawatt Malaya thermal power plant had been trimmed to two companies, from originally 4 to 5 companies, but state-run Power Sector Assets and Liabilities Management Corporation (PSALM) said it is still keen on divesting the facility via a negotiated deal by May 7...
Integrated Micro-Electronics, Inc. (IMI), the manufacturing arm of the Ayala group, reported a turnaround with an attributable net profit of US$2.2 million in the first quarter of the year from a net loss of US$5.57 million in the same period of 2020. In a disclosure to the Philippine Stock...
Home and finishing construction supply retailer Wilcon Depot, Inc. reported an 84 percent surge in net income to P604 million in the first quarter of the year from the P328 million earned in the same period of 2020. In a disclosure to the Philippine Stock Exchange, the firm said “The improvement...
