JG Summit Q1 profit falls to P122 million
JG Summit Holdings, Inc. posted a P122.19 million net attributable income in the first quarter, down 94% from P1.9 billion in the same period...
Cignal launches satellite broadband service
Cignal TV, Inc. is launching satellite broadband services to expand connectivity for households and businesses outside regular internet reach.
Cignal CONNECT will soon be...
First Gen income rises 29% on higher recurring revenues
First Gen Corp. saw its net income attributable to its parent grow by 29% year on year to P4.01 billion ($84 million) in the...
Pilipinas Shell turns to profit in first quarter
Listed Pilipinas Shell Petroleum Corp. posted a P1 billion net profit in the first quarter, a reversal of the P5.5 billion loss it incurred...
Max’s Group swings to profit despite lockdown
Casual dining restaurant group Max's Group, Inc. (MGI) returned to profitability in the first quarter due to a one-time gain from a property sale,...
Asian Terminals Q1 income up 19%
Asian Terminals Inc. (ATI) saw its first quarter net income rise by 19.1% due to cost saving initiatives and the reduced corporate income tax...
China’s SMIC raises revenue expectations following strong Q1 as chip shortage boosts demand
SHANGHAI, May 14 (Reuters) - China's Semiconductor Manufacturing International Corp. (SMIC) said on Friday that demand for chips exceeds supply, and raised its expectations...
PSE taps top execs in bid to boost market listings
THE Philippine Stock Exchange (PSE) has tapped top executives of listed firms to share their successful initial public offering (IPO) experiences in a bid to encourage more companies to list at the local bourse.
Robinsons Land eyes 14 office assets in possible REIT listing
GOKONGWEI-LED Robinsons Land Corp. intends to list a real estate investment trust (REIT) with 14 properties by the second half this year “to create further opportunities for growth” and “to crystalize the value of some of its high-quality office assets.”
URC targets healthier product lines
FOOD manufacturer Universal Robina Corp. (URC) said it is working on introducing healthier products by increasing its wellness criteria on top of its efforts to make its production process safer and more sustainable.
Jollibee sets up 49th US store in Maryland
JOLLIBEE Foods Corp. has opened its first Jollibee store in the United States’ Maryland state at the Westfield Wheaton Mall, around 30 minutes away from Washington DC.
NLEX Corp. pilots automatic plate recognition to spot erring motorists
NLEX Corp. said it is testing an automatic license plate recognition system at its 25 toll lanes in Valenzuela City, partly to identify erring motorists who use cashless lanes without radio-frequency identification (RFID) stickers or with insufficient load balance.