corporate news

Credit to Author: Mayvelin U. Caraballo, TMT| Date: Mon, 28 Oct 2019 17:19:11 +0000

LISTED BDO Unibank Inc. (BDO) announced on Monday that its net income grew by 49.3 percent to P32.1 billion for the first nine months of the year from P21.5 billion during the same period in 2018. In a disclosure, the bank owned by the Sy family said its net profit was largely driven by the […]

Credit to Author: JORDEENE B. LAGARE| Date: Mon, 28 Oct 2019 17:17:39 +0000

LISTED Manila Electric Co. (Meralco) booked a 7.6-percent increase in its bottom line for the first nine months of the year. In a press briefing on Monday, Meralco Senior Vice President Betty Siy-Yap said consolidated reported net income reached P18.32 billion against P18.21 billion in the same period a year ago. From January to September […]

Credit to Author: Tyrone Jasper Piad| Date: Tue, 08 Oct 2019 23:10:31 +0000

LISTED Arthaland Corp. (ALCO) announced on Tuesday that it had incorporated Kashtha Holdings Inc., a joint venture (JV) company with the Mitsubishi Estate Co. (MEC). In a disclosure to the…READ

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Tue, 08 Oct 2019 16:27:48 +0000

AYALA-led Bank of the Philippine Islands (BPI) is looking to generate P3 billion in fresh funds from its offer of long-term negotiable certificates of deposit (LTNCDs), with an option to…READ

Credit to Author: JORDEENE B. LAGARE| Date: Tue, 24 Sep 2019 16:18:08 +0000

LISTED Phoenix Petroleum Philippines Inc. has secured the go-signal to invest $12.6 million (P655.20 million) in its Singaporean subsidiary to strengthen its presence on the island-state. In a disclosure on…READ

Credit to Author: TYRONE JASPER C. PIAD| Date: Tue, 24 Sep 2019 16:19:19 +0000

JOLLIBEE Foods Corp. (JFC) on Tuesday completed its $350-million (P18.2-billion) acquisition of US specialty coffee and tea chain The Coffee Bean & Tea Leaf. In a disclosure, the listed fastfood…READ

Credit to Author: JORDEENE B. LAGARE| Date: Tue, 24 Sep 2019 16:18:08 +0000

LISTED Phoenix Petroleum Philippines Inc. has secured the go-signal to invest $12.6 million (P655.20 million) in its Singaporean subsidiary to strengthen its presence on the island-state. In a disclosure on…READ

Credit to Author: The Manila Times| Date: Tue, 24 Sep 2019 16:17:56 +0000

LISTED Globe Telecom Inc. announced on Tuesday that it had signed another common-tower agreement, this time with a unit of American Tower Corp. In a statement, the Ayala-led telecommunications giant…READ

Credit to Author: JORDEENE B. LAGARE| Date: Tue, 17 Sep 2019 16:15:50 +0000

LISTED Phinma Energy Inc. plans to spend about $2 billion on implementing renewable energy (RE) projects that would help it achieve its capacity target in the next six years as…READ

Credit to Author: LISBET K. ESMAEL| Date: Tue, 17 Sep 2019 16:14:34 +0000

THE luxury brand of listed real estate giant Ayala Land Inc. expects to generate P12.7 billion in sales from its first residential tower in Quezon City. At a briefing on…READ