Solid airport revenues boost Megawide’s 2017 profit
DIVERSIFIED engineering and infrastructure company Megawide Construction Corp. saw its attributable profit jump by 14% in 2017, driven by the strong performance of its...
RCC: Rustan’s trademark not part of Gokongwei acquisition
RUSTAN Commercial Corp. (RCC) will retain the ownership of the Rustan’s trademark and trade name in light of the Gokongwei group’s acquisition of the...
Ortigas allots P6.3 billion to build new Greenhills shopping mall
By Krista A.M. Montealegre,
National Correspondent
PROPERTY DEVELOPER Ortigas & Co. is shelling out P6.3 billion to develop a new regional mall that will transform the...
FAMI rolls out consumer fund
FUND MANAGER First Metro Asset Management, Inc. (FAMI) has launched a new mutual fund that gives passive investors a benchmark that captures the consumption-led...
Metro Retail Stores profit rises 24% in 2017
METRO RETAIL Stores Group, Inc. (MRSGI) reported a 23.7% increase in net income in 2017, amid robust sales across all store formats.
In a regulatory...
Phinma forays into downstream oil industry
PHINMA ENERGY Corp. is entering the downstream oil industry, initially catering to the fuel requirement of its own diesel plants, through subsidiary One Subic...
RHI sees lower sugar production this year
INTEGRATED sugar and ethanol producing firm Roxas Holdings, Inc. (RHI) anticipates lower sugar production this year.
RHI President and Chief Executive Officer Hubert D....
How PSEi member stocks performed — April 11, 2018
Here's a quick glance at how PSEi stocks fared on Wednesday, April 11, 2018.
Filinvest Development nets P10.3 billion
FILINVEST Development Corp. (FDC) grew its net profit by more than a fifth last year, buoyed by its banking and property businesses.
In a disclosure...
Fonterra bullish on PHL market
By Krista A.M. Montealegre,
National Correspondent
NEW ZEALAND-BASED Fonterra is sticking to its bread and butter in the face of rapidly changing preferences, as a surging...
Boracay island’s 6-month closure weighs on listed resort operators
By Krista A.M. Montealegre,
National Correspondent
BUSINESSES continue to navigate through the haze of uncertainty in the aftermath of the government’s decision to close the island...
Shakey’s profit up 14% amid store expansion
SHAKEY’S PIZZA Asia Ventures, Inc. booked a double-digit growth in earnings last year, driven by robust sales, record store expansion and sustained margins against...