SM Investments profits lifted by discretionary spending, gains from banking, retail
SM Investments Corp., the flagship investment holding company of the Sy Group, said Wednesday net income in the first half rose 10 percent to P40.2 billion, with earnings gathering traction in the second quarter on improved discretionary spending and gains from operations of banking and property development businesses as well as portfolio investments.
Fuel costs, weak peso help push six-month Cebu Pacific profits 5.3 percent lower
Cebu Pacific reported a 5.4 percent decline in net income to P3.54 billion in the first six months this year, primarily due to escalating jet fuel prices and the weakened peso.
Jobless rate eases to 3.1 percent in June; unemployed lower at 1.62 million
The unemployment rate eased to 3.1 percent in June, down from 4.1 percent in May and 4.5 percent in the same month last year, helped by greater job availability in construction, wholesale and retail, manufacturing, transportation, and hospitality, the Philippine Statistics Authority said Wednesday.
Vista Land unit raises additional USD50 million via senior notes issue
Vista Land & Lifescapes Inc., a property development arm of the Villar Group, said Wednesday its wholly-owned subsidiary, VLL International Inc., has issued an additional...
Globe Telecom revenue growth up 2%, capex down 25% in 1H
Globe Telecom Inc., the telecom and financial services unit of the Ayala Group, said Wednesday it ended the first half with a 2 percent growth in consolidated gross service revenue of P82.2 billion, lifted by mobile and corporate data services.
