SMC foods and drinks unit posts 6% profit increase to P32 billion
PROFITS of San Miguel Food and Beverage, Inc. (SMFB) climbed 6% in 2019, driven by higher volumes of its products and an increase in average selling prices.
Senate resolution on ABS-CBN operation turned over to NTC
THE Senate on Wednesday turned over to the National Telecommunication Commission (NTC) the resolution allowing ABS-CBN Corp. to operate while its franchise extension is pending in Congress.
LT Group’s board approves P2-B share buyback
LT Group, Inc. is planning to buy back up to P2-billion worth of shares from the stock market until the end of next year.
Robinsons Land board clears P15-B fixed-rate bonds
ROBINSONS Land Corp. (RLC) has gained approval from its board of directors to issue up to P15-billion fixed-rate bonds.
Cathay projects ‘substantial’ loss as virus follows protests
CATHAY PACIFIC Airways Ltd. expects a “substantial loss” in the first half of 2020 as the coronavirus crimps travel demand, adding to the challenges facing a carrier that’s already been humbled by the political unrest in Hong Kong.
Netflix to offer ‘competitive, compelling’ P149 monthly plan for Filipinos
AIMING to increase its customer base in the Philippines, American streaming service Netflix is now offering a P149-per-month mobile plan for Filipinos, allowing them to watch movies on their smartphones and tablets.
How PSEi member stocks performed — March 11, 2020
Here’s a quick glance at how PSEi stocks fared on Wednesday, March 11, 2020.
Torre Lorenzo allots P7B for ‘premium’ projects
TORRE Lorenzo Development Corp. (TLDC) is investing up to P7 billion this year to boost its premium residential-business projects and expand further into leisure development, its finance chief said.
PSE tells listed firms to offer remote voting as virus lingers
THE Philippine Stock Exchange, Inc. (PSE) is reminding shareholders of publicly listed firms of their options to participate in annual stockholders’ meetings (ASM) as the virus outbreak persists.
MPTC readies P60B as toll road projects continue
METRO PACIFIC Tollways Corp. (MPTC) is setting aside P60 billion for this year’s capital expenditure (capex) as the toll road operator continues with the implementation of expressway projects, its finance chief said.
Petron income falls to P2.3B
PETRON CORP., the country’s largest oil refiner, reported a consolidated net income of P2.3 billion last year, down 67% from the earlier year after the company’s refining business incurred losses in part because of low production.