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Higher expenses undermine Emperador 9-month income

Emperador Inc., a global whisky and brandy company of tycoon Andrew Tan, reported Monday that net income in the first nine months declined 5.6 percent to P6.8 billion, with higher expenses undermining revenue gains.

BPI lists upsized P36.66B  fixed-rate bonds on PDEX

Bank of the Philippine Islands on Monday issued and listed P36.66 billion of peso fixed-rate bonds due 2025 on the Philippine Dealing & Exchange Corp.

MPIC remains keen on acquiring agri firm Axelum

Metro Pacific Investments Corp. remains interested in acquiring coconut product manufacturer Axelum Resources Corp. although the business failed to achieve its own performance targets, extending the discussion of its acquisition in the process.

Globe 3Q internet speed accelerates in 19 locations

Globe Telecom Inc. over the weekend said its download and upload speeds  further improved in 19 strategic locations in the third quarter of 2023. "The...

Toyota commits enough Veloz models to supply JoyRide’s super taxi service

Toyota Manila Bay Corporation (TMBC), a joint venture between GT Capital Holdings, Inc. and Mitsui & Co. Ltd., vowed to supply enough of the Toyota Veloz models for the expansion of JoyRide Philippines' "super taxi" service.

Just in

Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.

Blu Girls’ Asian Games medal wait continues

The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.
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