Meralco says electricity supply steady during Luzon lockdown
MANILA ELECTRIC CO. (Meralco) said it is working around the clock to ensure a steady supply of electricity and services amid the Luzon-wide enhanced community quarantine.
GT Capital net income up 54%
EARNINGS of GT Capital Holdings, Inc. (GT Capital) surged 54% to P20.31 billion in 2019, driven mostly by gains from the redemption of its shares in real estate subsidiary Property Company of Friends, Inc. (PCFI).
SEC to firms: use digital platform
THE SECURITIES and Exchange Commission (SEC) is encouraging the public to make use of its digital platform for corporate registration while its physical office is closed due to the Luzon quarantine.
Nickel Asia units suspend operations
TWO SUBSIDIARIES of mining company Nickel Asia Corp. (NAC) announced the temporary suspension of their mining operations, amid the coronavirus disease 2019 (COVID-19) pandemic.
Sy group allots P170M to fight virus
THE SM GROUP is increasing its donations to more than P170 million to aid the country in fighting the spread of the coronavirus disease 2019 (COVID-19).
How PSEi member stocks performed — March 31, 2020
Here’s a quick glance at how PSEi stocks fared on Tuesday, March 31, 2020.
Metro Pacific forms COVID-19 crisis team
THE HOSPITAL unit of Metro Pacific Investments Corp. (MPIC) has stepped up its response to the pandemic by forming a crisis team and designating one of its hospitals as a referral facility for those positive of the deadly virus.
Xurpas halts Singapore subsidiary’s operations
XURPAS, INC. is suspending the operations of a Singapore-based subsidiary due to the coronavirus disease 2019 (COVID-19) pandemic, and is divesting a majority stake in its cryptocurrency money transfer subsidiary.
Cebu Air earnings hit P9B
CEBU AIR, Inc. reported a net income of P9.12 billion for 2019, or more than double its net income a year ago of P3.92 billion, driven by its core business.
Pilipinas Shell income up 11% to P5.6 B
PILIPINAS SHELL Petroleum Corp. posted an 11% year-on-year jump in net income in 2019 on the back of its marketing activities and savings from refinery costs.
SMC allots P500M for health workers’ protective gear
SAN MIGUEL CORP. (SMC) has set aside P500 million to buy personal protective equipment (PPE) for frontline health workers, the listed conglomerate said on Monday, as it called on local manufacturers to boost production to ensure a steady supply.
Metro Retail earnings fall 19.7%
METRO RETAIL Stores Group, Inc. (MRSGI) reported a 19.7% drop in net income last year due to the implementation of a new accounting standard.