Sugar, renewables drag URC income down 2% to P12.5B
GOKONGWEI-LED food and beverage manufacturer Universal Robina Corp. (URC) saw its net income decline by 2% to P12.5 billion in 2024 from P12.8 billion...
Converge eyes up to 16% revenue growth
CONVERGE ICT Solutions, Inc. expects its revenues to grow by up to 16% this year after posting a P10.8-billion net income for 2024.
In a...
PITX says passenger traffic rose 31.7% in 2024
THE Parañaque Integrated Terminal Exchange (PITX) expects to serve its 200 millionth passenger within the second quarter after recording higher foot traffic last year.
PITX,...
Ionics to close manufacturing operations of subsidiary Iomni Precision
LISTED electronics manufacturer Ionics, Inc. said its subsidiary Iomni Precision, Inc. will cease production on May 15 to improve the company’s financial performance.
The decision...
ALI, PNB partner to simplify real estate financing for overseas buyers
REAL ESTATE developer Ayala Land, Inc. (ALI) has partnered with the Philippine National Bank (PNB) to streamline property purchases in the Philippines for foreign...
Raslag eyes P2-B preferred share issuance by July
RASLAG Corp., the renewable energy unit of the Nepomuceno group, plans to raise up to P2 billion through a private placement of preferred shares...
IdeaSpace Ventures names new executive director
MVP GROUP’S startup arm IdeaSpace Ventures and its division QBO Innovation Hub have appointed startup ecosystem veteran Alwyn Joy E. Rosel as executive director.
Ms....
How PSEi member stocks performed — March 17, 2025
Here’s a quick glance at how PSEi stocks fared on Monday, March 17, 2025.
Fast-fashion retailer Forever 21 files for bankruptcy
Fast-fashion retailer Forever 21's U.S. operating company on Sunday filed for Chapter 11 bankruptcy for the second time in six years, hamstrung by dwindling...
Maynilad gears up for P49.15-B IPO
WEST ZONE concessionaire Maynilad Water Services, Inc. said it plans to raise up to P49.15 billion through an initial public offering (IPO) within the next two quarters.
ICTSI shares fall amid trade tensions
SHARES IN RAZON-LED International Container Terminal Services, Inc. (ICTSI) declined last week as trade tensions initiated by the US weakened investor sentiment, outweighing the...
ACEN eyes completion of RE projects through 2027
ACEN CORP., the listed energy platform of the Ayala group, is progressing toward its target of 20 gigawatts (GW) of renewable energy (RE) capacity...