Ayala-led Globe Telecom Inc. saw its net income expand in the first quarter of the year as its equity stake in Mynt, the holding company of popular e-wallet GCash, continued to pay off even after the dilution of its share. In a regulatory filing published on its website, Globe reported that its net...
Local furniture manufacturers are seeking immediate government intervention to safeguard the industry from the impact of the 17-percent tariffs imposed by the United States on Philippine goods, citing the risk of potential factory closures and job losses. In a position paper addressed to the...
RL Commercial REIT Inc. (RCR), the real estate investment trust of Gokongwei-led Robinsons Land Corporation, is aiming to triple its market capitalization to ₱300 billion from the current ₱100 billion in three years through infusions of RLC’s offices and malls. In a media briefing after the...
Cebu Air Inc., the operator of Gokongwei-led budget carrier Cebu Pacific, reported that its net income declined by 79 percent in the first three months of the year, driven by costs related to its fleet and network expansion. In a disclosure to the Philippine Stock Exchange (PSE), Cebu Air said its...
Tycoon Lucio Co’s The Keepers Holdings Inc. (Keepers), the largest imported liquor distributor in the Philippines, is going directly to consumers to sell its products by putting up a chain of its own liquor stores. The firm disclosed to the Philippine Stock Exchange that its Board of Directors...
Taipan Lucio Tan’s LT Group Inc. is infusing a total of ₱3.5 billion into subsidiary Eton Properties Philippines, Inc. (EPPI) and its residential unit Eton City Inc. (ECI) to fund their growth initiatives. In a disclosure to the Philippine Stock Exchange, LTG said its management has finalized...
Grocery and liquor sales drove the growth in earnings of Cosco Capital, Inc., the listed retail holding firm of tycoon Lucio L. Co, due to recovering consumer demand as the economy continues to post strong growth while inflation eases. The firm reported a 7.6 percent improvement in consolidated net...
She promised herself to join the family business at the age of 30, but the burgeoning property developments didn’t escape her attention, prompting Samantha Manigsaca’s early entry to AppleOne Group, Inc. by four years. Landing the position of vice president for Hospitality in February, she’s...
Gokongwei-led Cebu Pacific is upbeat about its continued growth this year on the heels of its massive expansion drive in 2024, during which the budget carrier expanded its fleet capacity and hubs across the country. During the airline’s annual stockholders’ meeting, Cebu Pacific Chairman Lance...
Union Bank of the Philippines and the ATRAM Group have finalized their partnership, aiming to revolutionize the Philippine asset management landscape by merging their trust operations and leveraging digital innovation. Under the agreement, UnionBank will acquire a 27.5 percent stake in ATR Asset...
Villar-led Vista Land & Lifescapes, Inc., one of the Philippines’ leading integrated property developers, posted an 11 percent growth in net income to ₱9.36 billion last year from ₱8.45 billion in 2023 due to higher real estate sales and lower expenses. In a disclosure to the Philippine Stock...
Recently-acquired assets and higher rent boosted the earnings of MREIT, Inc., the real estate investment trust of township developer Megaworld Corporation, by 25.6 percent to ₱932 million in the first quarter of 2025 from the ₱742 million earned in the same period last year. The firm said in a...
