BPI rewards stockholders with property dividends
171-year old Bank of the Philippine Islands (BPI) has rewarded shareholders with property dividends.
Dollar bond valuation adjustments pull San Miguel income down 44% in 2022
Unrealized losses arising from valuation adjustments of its foreign currency-denominated long-term debt helped the conglomerate San Miguel Corp. to report its 2022 income falling 44 percent to only P26.76 billion from P48.15 billion in 2021.
Jollibee income hits P7.55 billion in 2022
Fast food giant Jollibee Foods Corp. on Thursday reported net income last year rising 26 percent to P7.55 billion from previous year’s P5.5 billion, despite weaker fourth-quarter profits.
Aboitiz group launches tech-assisted pilot program helping farmers optimize produce
The Aboitiz group on Thursday launched a pilot cold storage unit in Mankayan, Benguet called Fresh Depot which aims to help farmers manage their farm produce and optimize crop yield.
PLDT, in role reversal, acquiring Sky Cable Corp. for P6.75B
PLDT Inc. is acquiring the cable unit of ABS-CBN Corp. for P6.75 billion six months after the parties mutually agreed to terminate an earlier aborted multibillion-peso transaction.
