Jollibee dips after market sell-off caused by US banking jitters
SHARES in Jollibee Food Corp. dropped last week despite reporting strong earnings, with analysts blaming investor anxiety that led to a sell-off in equity...
How PSEi member stocks performed — March 17, 2023
Here’s a quick glance at how PSEi stocks fared on Friday, March 17, 2023.
PLDT to buy Lopez-led Sky Cable for nearly P6.8B
PANGILINAN-led PLDT Inc. announced on Thursday that it is fully acquiring Sky Cable Corp. for P6.75 billion in a move that will expand its coverage and services.
ACEN to acquire portfolio of eight operating wind projects in Texas
AYALA-led ACEN Corp. through its joint-venture company, UPC Power Solutions LLC, is set to acquire the portfolio of eight operating wind projects in northern...
JFC posts 26% income rise to P7.6B as sales grow
LISTED food service company Jollibee Foods Corp. (JFC) reported 26.4% higher attributable net income for 2022 to P7.56 billion from the previous year’s P5.98...
San Miguel reports P43-B core income
SAN MIGUEL Corp. (SMC) said on Thursday that it booked a consolidated core net income of P43.2 billion and a reported net income of...
Converge ends 2022 ‘on an uptrend,’ earmarks P15-B spending budget
CONVERGE ICT Solutions, Inc. recorded a 32% decline in fourth-quarter net income to P1.33 billion, but ended the year with a 3.9% profit rise,...
Aboitiz group sets capex at P78B
ABOITIZ Equity Ventures, Inc. (AEV) said on Thursday that the group and its subsidiaries had set a P78-billion capital spending budget for 2023 to...
Alaska Milk ties up with Internews to fight disinformation
LOCAL milk product manufacturer Alaska Milk Corp. (AMC) has committed to direct its digital advertising expenditure to local news websites across the Philippines under...
Ovialand net income up 37% to P227M
RESIDENTIAL property developer Ovialand, Inc. ended 2022 with a 37% increase in net profit to P227 million from the P166 million it recorded in...
Pilipinas Shell, construction firms partner for decarbonization
PILIPINAS Shell Petroleum Corp. has partnered with Cemex Holdings Philippines, Inc., Roadex Construction Corp., and Green Antz Builders, Inc. to step up the construction...
How PSEi member stocks performed — March 16, 2023
Here’s a quick glance at how PSEi stocks fared on Thursday, March 16, 2023.