PSE acquires controlling stake in PDSHC
The Philippine Stock Exchange Inc. (PSE) announced on Tuesday that the Bankers Association of the Philippines (BAP), along with several of its member banks, has completed all the necessary requirements for selling an 18.80 percent stake in Philippine Dealing System Holdings Corp. (PDSHC) to the operator of the Philippine stock market.
RCBC posts P9.5B net income for 2024
Rizal Commercial Banking Corp. (RCBC) posted a net income of P9.5 billion for 2024, a decrease from the P12.22 billion recorded in the previous year, which included one-off items. However, excluding non-recurring items from 2023, RCBC's net income saw a 13.6 percent increase year-on-year.
Sustained economic growth to boost property market, says Colliers
Colliers, a professional services and investment management company, is optimistic about the impact of the Philippines' sustained economic growth of the property market in 2025.
Single digit sales growth helps push double-digit Meralco net income in 2024
The Manila Electric Co. (Meralco) on Monday announced a 20 percent surge in net income for 2024, reaching a record-high P46.47 billion, up from P38.68 billion the previous year. The growth was driven by higher energy sales, marking an all-time best for the company.
Metro, provincial operations push Manila Water income 87% higher in 2024
Manila Water Co. Inc. on Monday announced a robust 86.9 percent increase in consolidated net income for 2024 totaling P10.97 billion, up from P5.87 billion in 2023. The surge was fueled by growth across its core East Zone Concession as well as a significant expansion in its non-East Zone operations, including provincial and subsidiary businesses.
