Corporate
McDonald’s to exit Russia, sell business in country
American fast-food giant McDonald said Monday it will exit Russia in the wake of the Ukraine invasion, ending a more...
Megaworld’s net income increased by 30% to P3.1b in first quarter
Megaworld Corp. said Monday net income increased 30 percent in the first quarter to P3.1 billion from P2.4 billion a...
Tan’s LT Group booked P6.5-b net profit in Q1
LT Group Inc., the holding company of billionaire Lucio Tan, reported a slight uptick in first-quarter earnings to P6.53 billion...
PNB’s net income grew 57% to P2.81 billion in 1st three months
Philippine National Bank, one of the largest lenders led by tobacco and airline tycoon Lucio Tan, posted a 57-percent increase...
Udenna confirms partnership talks on sale of assets
Udenna Corp., controlled by businessman Dennis Uy, confirmed on Friday possible partnerships for its assets amid strong investor interest as...
Banking, telecom, and real estate lifted Ayala’s Q1 profit to P7.8 billion
Conglomerate Ayala Corp. said Friday net income rose 45 percent in the first quarter to P7.8 billion from a year...
Toshiba says it’s in talks with ten investors
Tokyo, Japan—Troubled conglomerate Toshiba said Friday it has been approached by 10 potential investors as it weighs going private, a...
.jpg){kind=small}
Bloomberry swung to profit in 1st quarter
Casino operator Bloomberry Resorts Corp. said Friday first-quarter income reached P679.4 million, a reversal from the P780.8-million net loss it...
Jollibee’s net income, revenues returned to pre-pandemic levels in Q1
Restaurant chain operator Jollibee Foods Corp. said Thursday first-quarter profits and revenues returned to pre-pandemic levels. Jollibee said in a...
Ayala Land hiked first quarter profit by 14% to P3.2b
Major property developer Ayala Land Inc. of the Ayala Group booked a net income of P3.2 billion in the first...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.