Sy siblings still PHL’s richest even as wealth drops by $4B
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THE SY SIBLINGS remained the richest in the Philippines, despite a $4-billion drop in their net worth in 2022, according to Forbes…
ABS-CBN, TV5 partnership to face scrutiny — NTC
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GLENN CARSTENS PETERS-UNSPLASH By Arjay L. Balinbin, Senior Reporter THE National Telecommunications Commission (NTC) will investigate the partnership between ABS-CBN Corp. and…
Jollibee net earnings up nearly threefold to P2.8B
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BW FILE PHOTO JOLLIBEE Foods Corp. (JFC) recorded a surge in its attributable net income to P2.79 billion in the second quarter,…
Converge lowers capex guidance to P21-23 billion
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CONVERGE ICT Solutions, Inc. has revised its capital expenditure (capex) guidance for the year, lowering it to P21-23 billion from P26-28 billion…
Global-Estate’s earnings surge 33% to P405M; hotels lead growth
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GLOBAL-ESTATE Resorts, Inc. (GERI) posted a 33.2% increase in its attributable net income of P404.55 million in the second quarter as most…
Cebu Air net loss down to P1.89B as revenues jump
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CEBUPACIFICAIR.COM CEBU Air, Inc., the listed operator of budget carrier Cebu Pacific, announced on Thursday that it narrowed its net loss for…
Retailers upbeat on growth despite surging prices
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THE Philippine Retailers Association (PRA) remains positive that the local retail sector’s growth trajectory will continue despite the country’s rising inflation rate,…
Century Properties posts 26% profit hike to P175M
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CENTURY Properties Group, Inc. (CPG) posted a net income of P174.75 million attributable to equity holders in the second quarter, nearly 26%…
Holcim income drops 67% on soft demand
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HOLCIM PHILIPPINES FB PAGE HOLCIM Philippines, Inc. reported on Thursday a 66.6% drop in its second-quarter attributable profit to P240.77 million from…
Boulevard Holdings to focus on Friday’s resorts
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BOULEVARD Holdings, Inc. (BHI) will not have new projects for the second half but instead, focus on developing its Friday’s resorts in…