Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, has deconsolidated McDonald’s Philippines franchisee Golden Arches Development Corp (GADC) from its financial statements to generate a one-time gain of ₱3.4 billion from the remeasurement of the investment’s...
Ready to go toe-to-toe, tycoon Manuel V. Pangilinan said rival Globe Telecom Inc. is still “far behind” PLDT Inc. in the broader telecommunications sector, as the Ayala-led firm’s new leadership charts an ambitious course to become the most profitable telco in the Philippines. Last month,...
Megawide Construction Corporation’s real estate subsidiary PH1 World Developers, Inc. has turned profitable, boosting the engineering conglomerate’s first quarter financial results. In a disclosure to the Philippine Stock Exchange, Megawide reported that its net income for the first quarter of...
The Ty family’s investment arm GT Capital Holdings, Inc. is confident of sustaining its positive momentum this year after reporting that its first quarter 2025 numbers already surpassed last year’s record performance. In a disclosure to the Philippine Stock Exchange, the firm said its core net...
Far from the oversupply in Metro Manila, Cebu Landmasters, Inc. (CLI) continues to enjoy strong take-up of its projects in the Visayas and Mindanao where it it is firmly entrenched. During the firm’s presentation at the Philippine Stock Exchange Investors’ Day, CLI said it posted a strong start...
Pangilinan-led PLDT Inc. reported that its income fell by eight percent in the first quarter of the year as the telecommunications giant faces a market slump driven by global economic uncertainties. In a disclosure to the Philippine Stock Exchange (PSE), PLDT said its overall core income declined...
The solar subsidiary of Manila Electric Co. (Meralco) announced that it is set to power grocery chain Landers Superstore with solar energy. In a statement on Thursday, May 15, MSpectrum Inc. said it has partnered with Southeast Asia Retail Inc., the company that manages Landers. Under the...
JG Summit Holdings, Inc. (JGS), the flagship of the Gokongwei Group, is directly shouldering the debts of its petrochemicals subsidiary which will soon be letting go of its workers due to its two-year plant shutdown and possible disposal. During the firm’s annual stockholders’ meeting, JG...
Uy-led fiber broadband and technology provider Converge ICT Solutions Inc. saw its net income grow by 18 percent in the first quarter of the year as its enterprise segment, which includes its offering of Starlink, continues to attract businesses and government agencies. In a disclosure to the...
Balai ni Fruitas, Inc., one of the country’s leading counter-service bakery operators, reported double-digit growth in net income and revenues after it broadened its market reach through new branches and digital platforms. The firm said its net income reached ₱15 million in the first quarter of...
While the Parañaque real estate market has been affected by the ban on POGOs, D.M. Wenceslao and Associates, Inc. (DMW) continued to grow its earnings due to the boost from its new mall. In a disclosure to the Philippine Stock Exchange, the firm said its first quarter 2025 net income grew two...
Early shipment ore shipment and higher nickel prices led to a 1,568 surge in the attributable net income of Global Ferronickel Holdings, Inc. to ₱177.3 million in the first quarter of 2025 from just ₱10.6 million a year ago. The firm reported to the Philippine Stock Exchange that its revenues...
