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Security Bank third-quarter net profit up 4%

Security Bank Corporation’s quarterly profits continued to improve, with Q3-2023 net profit increasing to P2.65 billion, up 4 percent quarter-on-quarter and up 15 percent year-on-year.

Recovery in consumer demand increases Cosco Capital income

Cosco Capital, Inc., the listed retail holding firm of billionaire Lucio Co, reported Friday a 4.8 percent growth in nine-month net income to P9.1 billion amid a steady recovery in consumer demand.

Consortium projects 4Q 2024 commercial operations of LRT-1 Cavite line extension

Light Rail Manila Corp. on Friday bared optimism the LRT-1 Cavite Extension Phase 1 Project will begin commercial operations by the last quarter of 2024 as scheduled.

PAL 9-month earnings lift 56% higher in 3Q

Philippine Airlines (PAL) on Friday reported net income rising 55.5 percent in the third quarter this year attributed to higher passenger traffic.

Higher Input, Marketing Costs Widen Alliance Select Net Loss

Alliance Select Foods International Inc. said Friday its consolidated net loss widened to USD867,000 in the first nine months, with revenue gains gobbled up by rising input, marketing and administrative costs, higher interest expenses, and foreign exchange losses.

Just in

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.

Contract breathes new life into Makati’s Japanese green haven

Security Bank and MUFG Bank Manila have refreshed the Tsuruki-en (“Crane and Turtle”) Japanese Garden at Washington SyCip Park, returning a beloved nature retreat to the community.
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