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Philippines
Saturday, April 20, 2024

Jenniffer B. Austria

PH stock market plunges amid geopolitical risks, rate cut delays

The main composite index of the local bourse fell below the 6,500 level Tuesday as global markets declined amid the geopolitical risks and possible...

GSIS boosts stake in REIT unit of Gokongwei Group to 8.2%

State-pension fund Government Service Insurance System (GSIS) acquired 8.2-percent stake in RL Commercial REIT Inc. (RCR), the real estate investment trust company owned by...

PSE initiates delisting of Abra Mining

The Philippine Stock Exchange (PSE) said Tuesday it will initiate the delisting process for Abra Mining and Industrial Corp., after the company and its...

PPA awards ICTSI 25-year contract to develop, operate Iloilo port complex

Port operator International Container Terminal Services Inc. (ICTSI) said Monday it received a notice to proceed from the Philippine Ports Authority (PPA) to develop...

Liquor maker Emperador logged 10.5% profit decline to P8.64b in 2023

Emperador Inc., the global whiskey and brandy firm of billionaire Andrew Tan, booked a net income of P8.64 billion in 2023, down 10.5 percent...

Shakey’s reported 2023 profit of more than P1b

Restaurant operator Shakey’s Pizza Asia Ventures Inc. said Monday its net income grew 23 percent in 2023 to P1.08 billion as it managed to...

PhilWeb booked P2.3m in first-quarter net profit

Philweb Corp. said Monday it ended the first quarter with a net income of P2.3 million, a turnaround from a net loss of P5.5...

SSI posted record income in 2023 on revenge spending

Luxury retailer SSI Group Inc. said Monday it posted a record net income in 2023 as the group continued to benefit from post-pandemic revenge...
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