Axelum profits double last year
COCONUT products manufacturer Axelum Resources Corp. (Axelum)reported doubling its net income in 2019, driven by improved gross margins despite lower revenues.
Del Monte Pacific earnings soar
EARNINGS of Del Monte Pacific Ltd. soared 159% to $6.67 million in the third quarter, driven by higher sales across its global operations.
How PSEi member stocks performed — March 12, 2020
Here’s a quick glance at how PSEi stocks fared on Thursday, March 12, 2020.
Udenna takes over Chevron stake in Malampaya
UDENNA CORP. said on Wednesday that its unit had completed the acquisition of Chevron Malampaya LLC’s 45% stake in the Malampaya gas-to-power project located offshore of northwest Palawan.
SEC plans to ease filing rules for firms amid virus
THE Securities and Exchange Commission (SEC) is planning to relax regulatory policies for corporations amid the coronavirus disease 2019 (COVID-19) outbreak.
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.