Ayala Land Nets P4.7 Billion in First Quarter
Drawing strength from continued developments in both new and existing estates, Ayala Land, Inc. managed to acquire P4.7 billion in net profit in the year’s first quarter. According to a …
Metro Pacific Investments Corp Profit Up 8%
Metro Pacific Investments Corp. saw an increase of its first quarter net income by 8%. The growth is attributable to shareholders, due to power, water, rail, and hospital unit contributions. …
RCBC Net Income Rises
Rizal Commercial Banking Corp.’s net income managed to grow by a tenth in the year’s first quarter. Yuchengo conglomerate’s banking arm booked a P1.8 billion unaudited consolidated net income within …
Meralco Looking for ERC Nod on Power Supply Pacts
Manila Electric Co. is looking towards a regulatory approval to source 3,551 megawatts of its power requirements from seven companies. This includes two under its own power generation subsidiary. Alfredo …
Uber Expanding to Rizal
Uber is in the process of expanding its presence in the country by offering its services in Rizal province, albeit in select areas. The ride-sharing app began offering its on-demand …
D&L Targeting 10% Annual Growth Rate
D&L Industries, Inc. expects their net profit to rise by 10% over the medium term. This places the customized food ingredients producer in a spot to hit a market capitalization …
PAGCOR Surpasses its Target and Nets P1.04-B Profit
The Philippine Amusement and Gaming Corporation managed to get a P1.04 billion profit for the year’s first quarter. The amount exceeded their target by nearly ten times. PAGCOR recorded a …
Damosa Land Breaking Ground on Mixed-Use Project
Homegrown property developer Damosa Land, Inc. intends to start its newest mixed-use project by June. The project will be developed on an 88-hectare area in Panabo City, beside its sister …
Filinvest Sets a Capex of P44-Billion
Filinvest Development Corp. plans on hiking its capital expenditure budget by almost half this year. This is mainly to support the real estate and power generation business expansions. It was …
Asian Terminals, Inc. Expects Rise in Profit and Revenues
Asian Terminals, Inc. is looking to earn P8 billion in revenues, at least. They also expect to see an improvement in their net income, which is driven by higher volumes …