Monde Nissin 1H profit slips 7% on APAC weakness, FX loss
Monde Nissin Corp. reported a 7 percent year-on-year decline in attributable core net income to ₱4.73 billion in the first half of 2025, down from ₱5.1 billion, primarily due to weaker performance in its branded food and beverage (BFB) business across the Asia Pacific and a foreign exchange loss, the company said Wednesday.
1Q GDP growth holds at 5.4% after revisions
Revisions to the first-quarter gross domestic product (GDP) kept economic growth steady at 5.4 percent, the Philippine Statistics Authority (PSA) said.
Data for second-quarter GDP...
Filinvest REIT declares dividends, expands mall portfolio
Filinvest REIT Corp. (FILRT) declared a cash dividend of P0.062 per common share, raising the total year-to-date dividends to P0.186 per share, representing an annualized yield of 7.1 percent based on the August 5 closing price.
SIA unit expands MRO operations to NAIA
SIA Engineering Company (SIAEC), a leading aircraft maintenance, repair, and overhaul (MRO) provider in the Asia-Pacific region, is expanding into the Philippines.
WESM power rates up 3.4% in July amid supply constraints
The nationwide average electricity rate in the Wholesale Electricity Spot Market (WESM) rose by 3.4 percent in July, reaching P3.99 per kilowatt-hour (kWh) from P3.86/kWh in June, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
