Max’s Group profit down 88%

MAX’S Group, Inc. reported that its first-quarter earnings fell by 88% to P42 million from P337 million amid lockdown restrictions.

High Court affirms canceled tax assessment on First Gas

THE Supreme Court (SC) has affirmed the cancellation of the tax assessment on First Gas Power Corp. for the calendar year 2000 worth P37 million, and tax liabilities for 2001 worth P82.4 million.

Cebu Pacific to resume int’l flights from Cebu hub starting with Seoul flights

BUDGET carrier Cebu Pacific (CEB) announced on Thursday the resumption of its international flights from Mactan Cebu International Airport in Cebu, starting with flights to South Korea in July.

Toyota unit optimistic on recovery, financing offers

TOYOTA Financial Services Philippines Corp. (TFSPH) is optimistic on the country’s recovery and on its plans to expand its financing offerings.

How PSEi member stocks performed — May 19, 2022

Here’s a quick glance at how PSEi stocks fared on Thursday, May 19, 2022.

First Gen allots $550M for 2022 capex

LOPEZ-LED First Gen Corp. has allocated $550 million, or around P29 billion, for capital spending this year, with its renewable energy subsidiary cornering nearly half of the budget followed by its liquefied natural gas (LNG) terminal project.

GMA targets P8.2-B profit in 2022

MEDIA giant GMA Network, Inc. expects to grow its net income to P8.2 billion this year from P7.57 billion a year ago, its chairman said on Wednesday.

SEC flags ‘fraudulent’ scheme of Astrazion group

THE Securities and Exchange Commission (SEC) has directed Astrazion entities to immediately cease and desist from engaging in the unlawful and unauthorized solicitation, offer and sale of securities, calling the scheme “fraudulent.”

Megaworld: BIR records show no unpaid taxes

MEGAWORLD Corp. on Wednesday said that it has no unpaid taxes with the Bureau of Internal Revenue (BIR), after clarifying that it had not received any closure order from the agency.

Metro Retail rebounds on consumer spending

METRO Retail Stores Group, Inc. said its first quarter net income grew to P33.34 million for the first three months of 2022, an improvement from its P126.47-million net loss in the similar period a year before.