MPTC ready to resume merger talks with SMC
METRO PACIFIC Tollways Corp. (MPTC) said it is ready to resume merger talks with San Miguel Corp. (SMC) after deferring discussions amid fundraising activities.
“We...
How PSEi member stocks performed — May 16, 2025
Here’s a quick glance at how PSEi stocks fared on Friday, May 16, 2025.
PLDT posts P9.03-B Q1 income, down 8% amid higher expenses
LISTED PLDT Inc.’s attributable net income fell by 8.04% to P9.03 billion for the first quarter (Q1), as higher expenses outpaced modest revenue growth.
Converge Q1 profit rises 18.4% to P3.02 billion
LISTED fiber internet service provider Converge ICT Solutions, Inc.’s first-quarter (Q1) attributable net income rose 18.43% to P3.02 billion, driven by residential business growth.
For...
PSE boosts PDS stake to 91.6%
THE Philippine Stock Exchange, Inc. (PSE) is increasing its stake in Philippine Dealing System Holdings Corp. (PDS) after closing agreements with two banks.
The market...
JG Summit says rebound expected after petrochem shutdown
GOKONGWEI-LED JG Summit Holdings, Inc. expects a rebound after shutting down its loss-making petrochemical business.
“We are confident that the decision to shut down our...
Cebu’s Topline sees 37.7% jump in Q1 net income
CEBU-BASED fuel retailer Top Line Business Development Corp. (Topline) saw its attributable net income climb 37.7% year on year to P37.86 million in the...
Cebu Landmasters Q1 earnings up 2% on strong VisMin sales
LISTED real estate developer Cebu Landmasters, Inc. (CLI) posted a 2% increase in its first-quarter (Q1) attributable net income to P995 million from P978...
Filinvest Q1 profit climbs to P3.6B on strong banking, real estate
GOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) recorded a 25% increase in its first-quarter (Q1) attributable net income to P3.6 billion from P2.9 billion last...
Citicore Renewable Energy’s Q1 net income rises 15.4% to P137.89M
LISTED renewable energy developer Citicore Renewable Energy Corp. (CREC) booked an attributable net income of P137.89 million for the first quarter (Q1), up 15.4%...
MSpectrum to power Landers Quezon City, Cebu with new solar rooftops
MSPECTRUM, Inc., a wholly owned solar subsidiary of Manila Electric Co. (Meralco), is set to install two new solar rooftop projects at Landers Superstore...
PCC approves GCash acquisition of ECPay
GLOBE Telecom, Inc. has secured the approval of the Philippine Competition Commission (PCC) for the sale of its stake in Electronic Commerce Payments, Inc....