CATEGORIES

ALDEN RICHARDS AND KATHRYN BERNARDO: THE PERFECT PAIR FOR BENCH

Bench, the country's leading lifestyle and fashion brand, spotlights two of its brightest stars: Alden Richards and Kathryn Bernardo.

Corn imports seen to ease to 1.5 M MT

The Philippines' corn imports are expected to drop slightly to 1.5 million metric tons in the current market year due to lower world corn shipments and weak recovery in production.

Filinvest income soars to record high

The earnings of Gotianun-led conglomerate Filinvest Development Corp. (FDC) soared to a new record-high in the nine months ending September.

PBCom profit grows 36% in 9 months

Lucio Co's Philippine Bank of Communications (PBCom) booked an income growth of 36 percent to P1.85 billion in the first nine months from P1.36 billion in the same period in 2023 amid higher operating income.

PLDT ranked 2nd worldwide in championing children's rights

PLDT, the country's leading integrated telecommunications company, ranked second in the world overall in the Global Child Forum (GCF) Benchmark Report 2024, in recognition of its leading practices in integrating children's rights into the areas of governance, workplace, marketplace, community and environment.

Strong middle class key to AmBisyon Natin 2040

Building a strong middle class is necessary to realize the country's long-term vision of a prosperous, predominantly middle-class society by 2040, or AmBisyon Natin 2040, according to the National Economic and Development Authority (NEDA).

MacroAsia profit hits almost P1 B

Aviation support service provider MacroAsia Corp. pushed its profit up to nearly P1 billion in the nine months to September, propelled by the double-digit growth in its core businesses of in-flight catering and ground handling.

Security Bank income jumps 12% to P8.5 B

Security Bank Corp. booked a 12-percent jump in net income to P8.55 billion in the first nine months versus last year's P4.83 billion amid higher revenues.

UNIQLO's sustainability commitment

Japanese fashion group Fast Retailing is one company that is really committed to its sustainability promise, implementing novel measures to recycle, donate, reuse, upcycle and spearhead a real and practical pre-owned fashion practice that may be the most sustainable move in a world that carelessly uses its resources and is slow to conserve what is now dwindling in some parts of the world.

Cebu Pacific sees share in air travel market rising to 60%

Low-cost carrier Cebu Pacific looks to close the year holding 60 percent of the domestic market, unshaken by the 33 percent reduction in its profit in the nine months to September.

Nuclear dev't seen as investment area for Maharlika fund

Maharlika Investment Corp. (MIC), the country's first sovereign wealth fund manager, could end up investing in nuclear development to unlock its potential as an energy source by 2032.

Phl startups need funding boost, tax incentives

The government needs to increase funding support and implement a special tax program for local startups to propel the growth of the country's startup ecosystem, according to venture capital fund Gobi-Core Philippine Fund.

PIDS: Economy to grow by at least 5.8% this year

The Philippines is expected to post a faster growth of 5.8 to six percent this year from a year ago, with the expansion to be supported by government spending as well as consumption, according to the Philippine Institute for Development Studies (PIDS).

Balai income up 26% to P52 M in 9 months

Earnings of counter service bakery operator Balai ni Fruitas Inc. climbed by a little over a quarter in the nine months ending September as the company's revenue nearly reached the half-billion-peso mark.

Top Line to push through with P2.75-B IPO

Top Line Business Development Corp. is ready to brave the prevailing market conditions and push through with its initial public offering (IPO).

DMCI Homes debuts in Cebu City

DMCI Homes, the property development arm of the Consunji Group, is investing around P24 billion in its foray into the Cebu real estate market.

Dito CME to proceed with follow-on offer

Dito CME Holdings Corp. of Davao-based businessman Dennis Uy is proceeding with its planned follow-on offering of up to P4.2 billion this month.

NGCP readies P600-B capex projects

The National Grid Corp. of the Philippines (NGCP) is allocating over P600 billion for the development of more than 100 capital expenditure transmission projects in the pipeline.

Manila Water profit jumps 39% to P10 B

Razon-led Manila Water Co. Inc. reported a 39 percent year-on-year jump in its net income in the nine months ending September, driven by double-digit increase in its revenues on the back of higher tariff and billed volume.

RCBC earnings slide to P6.2 B in Jan-Sept

Rizal Commercial Banking Corp. (RCBC) reported a net profit of P6.22 billion from January to September, 31.1 percent lower compared to the P9.03 billion recorded in the comparable period last year.

Petrochem unit gets P17 B from JG Summit

Conglomerate JG Summit Holdings Inc. is injecting fresh capital to its petrochemicals unit to pay off maturing obligations.

Privatize Pagcor right away

A few weeks ago, PAGCOR Chairman Al Tengco told me that BBM is determined to privatize PAGCOR and has already started the ball rolling to get this done.

Gaming revenue hits P266 B in 9 months

The local gambling industry is still raking in from increased operational capacity with its gross gaming revenue (GGR) growing to P266 billion in the nine-month period, effectively hitting nearly 80 percent of its target for the year.

CPG sets sights on provincial expansion

Century Properties Group Inc. (CPG), the listed property developer of the Antonio family, has set its sights on more provincial expansion after its expanded geographic and product footprint propelled earnings to a double-digit growth in the nine months ending September.

24 green projects up for grid impact study

The Department of Energy has cleared 24 green energy projects to undertake a system impact study (SIS) with the National Grid Corp. of the Philippines (NGCP).

GT Capital nets P21.72 B in 9 months

Conglomerate GT Capital Holdings Inc. saw its earnings dip in the nine months ending September on the absence of significant property sales realized by the parent company and Federal Land.

Meralco unit, Polish firm to deploy EV charging hubs

Movem Electric Inc., the sustainable mobility arm of Manila Electric Co. (Meralco), has teamed up with Poland-based ChargeEuropa to roll out electric vehicle (EV) charging hubs in the Philippines.

Market extends losing streak

Share prices plunged anew yesterday as investors continue to exit the market, extending the local bourse's losing streak to

Foreign investment pledges surge

Investment commitments from foreign firms approved by investment promotion agencies (IPAs) jumped by 434.4 percent in the third quarter from a year ago, with the bulk going into manufacturing activities.

S&P: Phl banks' profit to moderate in 2025

The earnings of Philippine banks could moderate over the next two years as net interest margins decline in line with anticipated policy rate cuts, according to S&P Global Ratings.