Philippine small-caps thrive in Asia’s worst performing market
Small stocks in the Philippines are thriving amid a surge in demand from retail investors, generating the best returns in Asia’s worst performing equity...
SM Investments income dips 48% to P23.4 billion
SM Investments Corp. (SMIC) on Friday reported a 48% drop in net income last year to P23.4 billion as its retail and property businesses...
Philex Mining returns to profitability with P1.23-B income
PHILEX MINING Corp. posted P1.23 billion in net income attributable to parent company equity holders last year on the back of higher revenues and...
PXP Energy cuts losses nearly five times to P56 million
Manuel V. Pangilinan-led PXP Energy Corp. reported a consolidated net loss of P56.1 million to its equity holders in 2020, or nearly five times...
Megaworld’s Township Transport, PITX sign interconnection deal
Megaworld Corp.’s terminals arm Township Transport Terminal, Inc. signed a memorandum of understanding with Parañaque Integrated Terminal Exchange (PITX) for terminal interconnection, a company...
Roxaco sells Nasugbu properties to Sta. Lucia Realty
Roxas and Company, Inc. said on Friday that its unit Roxaco Land Corp. sold two portions of its properties in Nasugbu, Batangas to real...
Robinsons Retail posts 25% income drop as pandemic hits sales
Gokongwei-led Robinsons Retail Holdings, Inc. reported a 25.2% decrease in net income attributable to equity holders to P2.93 billion as net sales dropped "due...
PSE approves DDMPR’s listing application
The Philippine Stock Exchange, Inc. has approved the initial public offering listing application of DDMP REIT, Inc. (DDMPR).
Tentatively scheduled to be listed on March...
Cebu Pacific expects delivery of 8 aircraft this year
BUDGET carrier Cebu Pacific is expecting to take delivery of eight more aircraft this year despite the ongoing pandemic crisis.
SN Aboitiz to tap into 633-MW dependable hydro capacity for customers choosing ‘green’ energy
SN Aboitiz Power (SNAP) is targeting to use 633 megawatts (MW) of the total dependable capacity from its three hydroelectric plants in Isabela and Benguet for the country’s green energy option program (GEOP), its top official said on Thursday.
Meralco says power bill may drop in March
CUSTOMERS of Manila Electric Co. (Meralco) have a “strong” chance of seeing their electricity bill next month to be lower as it will include the average refund rate of P0.1528 per kilowatt-hour (kWh) for “over-recoveries” as ordered by the Energy Regulatory Commission (ERC), a company official said on Thursday.
San Miguel says prepayment offer for Ilijan plant ‘made in good faith’
SAN MIGUEL Corp. (SMC) said that its offer to pay off the 1,200-megawatt (MW) Ilijan power plant’s capacity charges ahead of schedule was done in good faith, according to a statement issued on Thursday.