MPIC to invest in SPNEC
Metro Pacific Investments Corp. (MPIC) has entered into a definitive agreement to invest P2 billion to acquire 1.6 billion common shares of SP New...
American firm to invest P4.35B in Clark EV assembly plant
American firm Envirotech Vehicles Inc. is spending up to $80 million (P4.35 billion) in a planned electric vehicle (EV) assembly plant in Clark, Pampanga.
Puregold net income rises 13% on strong sari-sari store base
Puregold Price Club Inc., the grocery chain operator led by businessman Lucio Co, on Tuesday reported net income in 2022 growing 13 percent to P9.3 billion from previous year’s P8.18 billion, mainly on higher sales from its growing chain.
Passenger recovery allows Cebu Pacific to narrow 2022 loss
Cebu Pacific reported a narrower 43.78 percent drop in losses last year as its passenger service continued to recover.
The Gokongwei-led airline said net loss...
Land Bank bats for banking supremacy
Land Bank of the Philippines may overtake the Sy-led BDO Unibank Inc. as the country’s largest bank after President Marcos approved the proposed merger of the two state-owner lenders.
