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GT Capital Holdings, Inc. aims to grow its bottom line by mid-single digits in 2019, banking on the recovery of its auto unit and the continued growth of its banking and property businesses.
D&L Industries, Inc. (DNL) reported flat earnings growth in the first three months of 2019, as inflation concerns in 2018 continued to affect consumer sentiment.
INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) delivered a three percent increase in core profit during the first quarter of 2019, supported by the growth of its energy, water, and hospital businesses amid the flat performance of its toll roads unit.
UNIVERSAL Robina Corp. (URC) reported a three percent increase in attributable profit in the first three months of 2019, as sales volume and average selling prices improved during the period.
ENTITIES with only one stockholder may start applying for company registration starting May 6, after the issuance of guidelines by the Securities and Exchange Commission (SEC).
MERRYMART Grocery Centers, Inc. of businessman Edgar J. Sia II plans to open 10 stores this year before accelerating its expansion in the next decade.
BUSINESSMAN Rolando B. Hortaleza aims to grow the sales of his food business to P1.5 billion by next year, as he now has more time to focus on the venture following the sale of his personal care company.
SHARES are seen to firm up in the remainder of the week as investors cheer the Philippines’ credit rating upgrade from debt watcher S&P Global Ratings late on Tuesday, marking the first such move since 2013 to the highest grade in the country’s history.
THE developer of Clark Global City (CGC) will sublease about two hectares of land to businessman Jettson Yu, who plans to build an office tower and retail hub.
ROXAS Holdings, Inc. (RHI) is negotiating with local firms for the sale of its Batangas sugar mill, after its deal with Gokongwei-led Universal Robina Corp. (URC) fell through due to regulatory restrictions.
THE Securities and Exchange Commission (SEC) has greenlit the guidelines for the issuance of social and sustainability bonds in line with regional standards.
AYALA LAND, Inc. (ALI) is riding on the influx of Chinese firms coming to the Philippines as it plans to acquire up to 200 hectares of land in Central Luzon for the development of the first Sino-Philippine industrial park in the country.
LOCAL stocks dropped on Friday as investors stayed on the sidelines amid trade negotiations between the United States and China.